Papua New Guinea
ACP Business-friendly: Supporting value chains through inclusive policies, investment promotion, alliances and access to finance
Sustainable Development Goals
<p>ITC is currently implementing the micro-level pillar of the EU-ACP Business-friendly programme, which aims to support value chains through inclusive policies, investment promotion, and alliances. The program focuses on strengthening value chain governance and investment, as well as increasing the competitiveness of small farmers and MSMEs. A recently signed top-up agreement extends the implementation duration of the existing EU-ACP Business Friendly programme (B807) by 48 months, integrating additional funding and outputs into the existing initiative. The top-up aligns with the programme's objectives and will enhance access to value chain finance and sustainable investment. Three new outputs include enhancing access to agribusiness Value Chain finance and a Capacity Building Mechanism to support Human Rights and Environmental Due Diligence, CSR and accompanying measure implementation, tailored to OACPS Member States. An initial six-month inception phase define the scope of intervention in the rum/sugar sector and advanced the selection of additional countries that will be included in the ongoing project across all value chains, namely coffee, cocoa, coconuts, cotton/fashion, kava, and rum/sugar sectors.</p>
Pacific: UK Trade Partnerships Programme
<p>The United Kingdom Trade Partnerships (UKTP) Programme aims to increase trade from developing countries to the United Kingdom (UK) and the European Union (EU) by maximizing the benefits of UK and EU Economic Partnership Agreements (EPAs) and the UK's Developing Countries Trading Scheme (DCTS). The UKTP Programme works in partnership with government agencies, private sector organisations, public sector institutions, small and medium-sized enterprises and other local stakeholders. </p><p>The UKTP Programme in the Pacific from April 2023 is funded by the Foreign, Commonwealth & Development Office (FCDO) of the United Kingdom of Great Britain and Northern Ireland's Asia-Pacific Region. The UKTP Programme in the Pacific is complementing the UKTP Programme under the UK Trade Centre of Excellence. Realizing synergies between sectors and activities between the two projects will be key to the success of UKTP. </p><p>In the Pacific, countries signatories to the UK EPA will have access high quality trade-related technical assistance through sector initiatives. Target beneficiaries will be export-ready SMEs that are committed to securing new trade opportunities with the UK. This project will aim to promote exports of Fiji, Papua New Guinea, Samoa and Solomon Islands, through facilitating access to markets, providing advisory to SMEs to improve their products and business operations, and strengthening business support organizations. </p>