The Pacific Trade Invest (PTI) Network has announced impressive achievements for 2024, facilitating over AUD$121 million in export deals and AUD$11.3 million in investment deals for Pacific businesses. These figures mark a significant milestone for PTI, an agency of the Pacific Islands Forum (PIF) Secretariat, dedicated to promoting trade and investment between Pacific Island Countries and global markets.
Operating from offices in Auckland, Beijing, Geneva, and Sydney, with a counterpart in Tokyo, PTI’s mission is to enhance economic growth in the Blue Pacific. In 2024, PTI extended its services to over 1,100 business professionals across 16 Forum Island Countries, providing strategic resources, promotional opportunities, and commercial introductions. These efforts have culminated in unprecedented financial transactions, underscoring PTI’s pivotal role in regional economic development.
PTI Australia’s office has been a longstanding member of the Australia Pacific Islands Business Council (APIBC), This membership reflects PTI’s dedication to strengthening regional partnerships and facilitating economic opportunities.
PIF Deputy Secretary General for Governance, Desna Solofa, commended PTI’s accomplishments, stating, “PTI’s outstanding efforts in 2024 are testament to the work being undertaken across the globe to secure and accelerate the Pacific’s economic growth aspirations.” Solofa emphasized that PTI’s initiatives not only meet but exceed critical deliverables, setting the stage for continued success for Blue Pacific businesses in the years ahead.
General Manager of the PTI Network, Caleb Jarvis, highlighted the resilience and determination of Pacific businesses amid ongoing challenges. “The PTI Network’s achievements in 2024 reflect the collective strength of Pacific businesses and the dedication of our teams around the globe,” Jarvis noted. He also referenced the collaborative report with Griffith University, “Driving Economic Resilience: Pacific Trade Invest’s Decade of Progress,” which outlines significant advancements and ongoing challenges, including access to finance, supply chain constraints, high freight costs, and labor shortages.
To address these issues, PTI remains committed to delivering innovative solutions in partnership with stakeholders, aiming to foster sustainable growth and build economic resilience across the Blue Pacific. The organisation’s past reports, research, and business resources are accessible at their official website.
Earlier this year, PTI Australia appointed Tim Martin as its new Trade Commissioner based in Sydney.
Established in 1979, PTI continues to serve as a vital conduit for trade and investment, driving economic progress and resilience throughout the Pacific Islands.
