The 13th Australia Solomon Islands Business Forum, held in Honiara from 2-4 September 2024, marked a significant event in the business relationship between the two nations. For the first time since the COVID-19 pandemic, the forum was hosted in the Solomon Islands, drawing over 130 participants from government, business, and civil society. This annual forum, which alternates between Australia and the Solomon Islands, has become a critical platform for advancing trade, investment, and collaboration across sectors such as infrastructure, energy, and tourism. The forum is jointly hosted by the Australia Pacific Islands Business Council and the Solomon Islands Chamber of Commerce & Industry (SICCI).
Solomon Islands Prime Minister Jeremiah Manele, delivering the keynote address, spoke of the government’s ongoing efforts to create a more conducive environment for business. He highlighted the work being done to improve infrastructure and digital connectivity, which are crucial for attracting foreign investment. The Prime Minister also outlined the country’s strategy for diversifying its economy, with particular attention on tourism, agribusiness, and renewable energy as key areas for development, moving beyond the traditional reliance on industries like logging and fisheries.
The trade relationship between Australia and the Solomon Islands has been strengthening steadily. In 2023, two-way trade between the two nations was valued at AUD 308 million, with Australia positioned as one of the Solomon Islands’ largest trading partners and investors. Australian businesses are already active in key sectors, including telecommunications, energy, and infrastructure, and the forum provided further opportunities to explore additional areas of collaboration. Australia’s aid to the Solomon Islands, which exceeded AUD 161 million in 2023, has also played a pivotal role in supporting the country’s economic recovery from the pandemic.
Justin Mohamed, Australia’s First Ambassador for Indigenous People, brought a fresh perspective to the discussions, focusing on the role of Indigenous-led businesses in contributing to trade between the two countries. He discussed the potential for Indigenous partnerships, particularly in sectors like agribusiness, fisheries, and renewable energy, aligning with the forum’s focus on inclusive growth and sustainable development.
Simon Gorman, President of the Australia Pacific Islands Business Council, noted the positive engagement throughout the forum, recognising the strong foundation of trust and cooperation between the two nations. He highlighted the significance of continuing collaboration, particularly in areas such as infrastructure and sustainable energy, where both countries stand to benefit.
The success of this year’s forum demonstrated the commitment of both Australia and the Solomon Islands to strengthening their business ties and working together towards long-term sustainable growth. As the forum now prepares to return to Australia for the next edition, this event has set the stage for deeper cooperation and greater opportunities across the Pacific region.
Solomon Islands Prime Minister Jeremiah Manele speaks to APIBC President Simon Gorman at the opening of the 13th ASIBF in Honiara. Photo: Dev Nadkarni
