Senator Nick Sherry, Australia's Minister for Superannuation and Corporate Law, has met with Prime Minister of Vanuatu Edward Natapei for important bilateral discussions in Port Vila.
Australia has political, economic and security interests in Vanuatu, a large resident and visitor population and broad links at commercial and community levels.
”The Rudd Government is committed to a strong renewal in Australia’s relationship with Vanuatu and a new era of cooperation with the whole Pacific region," said Sherry.
The bilateral meeting, the first between the Rudd Government and the new Prime Minister, included discussions about the impact of the global financial crisis on Australia, Vanuatu and the region and how the turmoil might affect demand for exports and tourism in Vanuatu. Vanuatu’s Finance and Economic Management Minister Sela Molisa also participated in the discussions.
”Australia remains committed to working with the Government of Vanuatu to promote economic development, trade and capacity building – even in the face of the global financial crisis," Sherry said.
”I discussed the Pacific Partnerships program, where we are looking to start negotiations shortly, with the aim of concluding a new bilateral framework, setting out mutually-agreed objectives and priorities, by March next year," he added.
Australia also expressed strong support for the ”trade plus” comprehensive regional economic integration agreement (”PACER Plus”) designed to boost trade opportunities for Pacific island countries and build links with Australia, New Zealand and the wider regional community.
”Australia is committed to working with our neighbours in the Pacific to create a more prosperous and sustainable future, thus reducing aid dependency,” Minister Sherry said.
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