Samoa, Tonga and Tuvalu signed the Memorandum of Understanding (MoU) to establish the Pacific Regional Trade and Development Facility (the Facility) to join Vanuatu and Kiribati who signed the MoU in May and June respectively.
While signing the MoU for the Government of Tonga, Honourable Dr Viliami Uasike Latu, Minister for Commerce Tourism and Labour, highlighted the importance of Aid for Trade for Pacific island economies. “This MoU is expected to assist the Pacific islands in pooling their aid for trade resources and coordinating its utilisation in the implementation of regional aid for trade projects. Tonga supports this initiative and looks forward to the Facility being operationalised,” Hon. Latu said.