Minutes of the Ministerial Meeting on 7 August 2024

The Council of Ministers met on Wednesday to review the following documents.

State supports SARL Viper Va’a in promoting Polynesian canoes in European market

SARL Viper Va’a is a company based in Raiatea that specializes in the production of sporting goods, especially Polynesian canoes and fishing accessories. WaaThe company has 15 permanent employees and has developed significantly, with 60% of its turnover coming from exports. Its local and international recognition, as well as its status as a winner of the National Recovery Program, attest to its seriousness and commitment to the development of its activities.

SARL Viper Va’a asks the State to support its promotional activities in order to be able to participate in two major events in France: the Mondial du Vent, held in Leucate from 7 to 14 April, and the Vendée Va’a Les Sables d’Olonne, held in Leucate from 8 to 11 May 2024. These events bring significant visibility to the company that exhibits and markets Polynesian canoes.

The expected impact of this initiative goes beyond the simple framework of the company. In fact, the success of the expansion into the European market could lead to a significant increase in export turnover, the maintenance of existing jobs, or even additional recruitment. In addition, the project indirectly supports the Raiatea wood industry and various local partner companies, thus contributing to the entire Polynesian economy.

It is worth noting that this support is part of a broader strategy to encourage Polynesian industry, especially in Reviewand retain local expertise in the face of the trend of production shifting to Asia.

In view of the alignment of this project with the priority economic development axes of French Polynesia and its potential positive impact on the local economy, the Minister of Economy, Budget and Finance, responsible for Energy, supported the Council of Ministers in allocating a subsidy of 1,200,000 francs for the SARL Viper Va’a, in order to promote the export of traditional sailing vessels to the European market.

The state continues to support small business investment

The Council of Ministers approved five requests for Assistance for Equipment of Small Enterprises (AEPE) and Assistance for Revitalization of Small Enterprises and Restaurants (APCR).

The aid allocated by the AEPE-APCR system will co-finance the costs of purchasing specialized equipment or renovating premises to increase the productivity and attractiveness of these companies at the creation or development stage. The total amount of aid provided is 3 107 000 France Total investment excluding VAT 7 469 264 F CFP.

The five companies are in the catering, commercial and service sectors and plan to create seven fixed-term and permanent jobs.

Household Consumer Price Index (CPI) in July 2024

In July 2024, the national consumer price index (CPI) was 111.20, up 0.3%. This increase was mainly due to the growth of transportation services (+15.4%).

Excluding international air transport, the price index fell 0.1% in July 2024 and rose 1.3% over the past 12 rolling months.

The worker index remained stable in July 2024, up 1.2% year-on-year.

The general consumer price index rises by 1.3% between July 2023 and July 2024. The average change over the past 12 months is +1.2%. (Source: ISPF).

Detailed progress

The change in the Consumer Price Index in July was explained by the growth in transport services (+15.4%), in particular the seasonal increase in the price of passenger air transport (+19.2%). Other prices also rose, such as the price of vehicles (+0.3%) and the prices of goods and services for daily household maintenance (+0.6%).

The increase was partially offset by declines in telephone services and Internet access (-3.3%) and food (-0.2%), including a 4.8% drop in seafood products and a 0.6% drop in housing maintenance and repair prices.

Commands related to creating certificates Pacific Ala

French Polynesia is located in the English-speaking region and mainly welcomes North American tourists. Therefore, fluent English is essential in the hotel and restaurant industry. nationRemember that since 2023 there is a French-English bilingual school in Bora Bora and note that the Pacific Trade Campus funds exchanges between Australian and Polynesian students. Therefore, the Pacific English Program was created to train bilingual or multilingual professionals, with a certificate called Pacific Ala For professional bachelor degree graduates.

Subsidy for Uturoa – Raiatea High School

Based on a proposal by the Minister of Education, Higher Education and Culture, the Council of Ministers approved an operating subsidy of 3,136,000 FCFP to Uturoa High School, Raiatea.

The grant will be used to fund nighttime surveillance at the boarding school, as it became necessary to hire a specialist surveillance company due to serious failures in the fire safety system.

Subsidies to sports and craft federations and the IJSPF

Following a proposal by the Minister of Sports, Youth and Crime Prevention in charge of Handicrafts, the Council of Ministers adopted the decision to grant operating and investment subsidies to the Federation of Sports and Handicrafts and the Institute of Youth and Sports of French Polynesia (IJSPF) for a total amount of 50,412,000 F CFP.

The grants are allocated as follows:

Running, Total amount is 32,412,000 FCFP

• In sports Funding for general activities in 2024
• Tahitian Underwater Sports Federation: 1,900,000 F CFP;
• Polynesian Federation of Wrestling, Mixed Martial Arts, Brazilian Jiu-Jitsu and Related Disciplines: 2,400,000 F CFP;
• Polynesian Petanque Federation: 2,500,000 francs CFP.
• In terms of technology, Events in 2024
• federal Henua Enana’s Discoveryfor the organization 55^Egypt The Salon des Marquises, held from May 30 to June 9, is in its 56th edition^Egypt Editions will take place from October 31st to November 11th: 14,760,000 French francs;
• Tahiti Ite Rima Crafts Exhibition Organizing Committee, organized the 35th^Egypt Black Tile No.5 The event will be held from June 27 to July 14, 2024, for a period of 17 years.^Egypt salon Christmas Daywill be held from December 11 to 24, 2024: 10 852 000 F CFP.

In terms of investment, Total 18 000 000 France

• Supporting the IJSPF to fund the first studies for the construction of two temporary swimming pools in Papeete, and additional studies for the rehabilitation of the athletics track and football pitch at the Pirepet Sports Centre ahead of the 2027 Pacific Games.