Deputy Prime Minister, Fonotoe Pierre Lauofo, has urged government officials to create policies that allow businesses to thrive.
Fonotoe made the point while speaking during the Economic Integration Initiative meeting between Samoa and American Samoa at the Tradewinds Hotel in American Samoa, held on Thursday.
“For government representatives it is important that we understand the issues identified and work towards creating policies that are conducive to providing an enabling environment for business to thrive within our economies,” Fonotoe said.
The deputy Prime Minister, who is also the Minister of Commerce, Industry and Labour, said American Samoa and Samoa stand to benefit from working together.
“I have no doubt that the two economies can benefit from each other as we work together to devise ways to facilitate and help our private sectors develop and grow,” he said.
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“We could consider ways of pooling resources to strengthen certain sectors of interest, we could identify and combine initiatives to benefit from trade liberalization while at the same time mitigating any negative impacts that may arise.
“Our growing services industry presents a great opportunity for our economies to provide key services that would yield returns on investment that would benefit our people.”
Fonotoe said the periodic trade exhibitions will inspire creativity and innovation of locally made products that could either be exported or serve as import substitutes.
“In essence it is vital that we provide an environment that would facilitate trade and investment opportunities for business,” he said.
Fonotoe was accompanied by 13 delegates from M.C.I.L, the Chamber of Commerce, Small Businesses Enterprise Center and the Samoa Association of Manufacturers and Exporters.
The two-day meeting ended yesterday.
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