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Regional organizations play a vital role in strengthening the business environment by promoting cooperation, harmonizing regulations and facilitating economic integration among member countries.
Speaking at the Small Island Developing States (SIDS) Global Business Network Forum’s Policy Session: Building an Enabling Business Environment, Pacific Tourism Organisation (SPTO) Chief Executive Officer Christopher Koch highlighted the key role regional organisations play in fostering a strong business environment.
He stressed the importance of strengthening the capacity of local businesses, institutions and the workforce to adapt to changing market conditions and global shocks, and fostering a good business environment, which in turn would help build a resilient and self-reliant economy.
The panel session heard from speakers on how to build an enabling business environment to support the development of MSMEs.
Mr Coker reiterated that continued efforts and collaboration are essential to maintain an improving business climate and unlock the full potential of the region’s businesses and economy.
He outlined strategies for sustainable business practices and long-term economic stability, and stressed the need for a strong policy framework to support businesses in making the most of existing opportunities.
In addition, Pacific Tourism Organisation plays an important role in advocating for policies and initiatives that support the growth and sustainable development of tourism in the Pacific region.
“By understanding the opportunities that a strengthened business environment can offer, especially for small businesses and youth entrepreneurs, stakeholders can share actionable strategies to foster an enabling environment for businesses at all levels,” he said.
Mr. Kok also stressed the need for SIDS governments and business support organizations to take effective policy measures to improve this environment through coordination, collaboration and clear organizational mandates.
Mr Coke reaffirmed the role of the Pacific Tourism Organisation and shared its commitment to promoting sustainable tourism in the Pacific and its contribution to economic growth, job creation and community wellbeing, especially in the post-COVID era.
Mr. Coc concluded: “The Spanish Tourism Board has played an important role in rethinking and rebuilding the tourism industry after the pandemic, focusing on evidence-based tourism planning and strengthening data collection and analysis to support government policies, sustainability and inclusivity.”
“The Pacific Islands Tourism Organisation (SPTO) is committed to promoting sustainable tourism in the Pacific and protecting natural and cultural heritage. Our vision is “The empowerment and benefits of sustainable tourism for the Pacific Islands”. We develop Pacific Cultural Tourism Guidelines, funded by Tourism New Zealand Māori, to guide the National Cultural Tourism Plan. These guidelines support policies and strategies to promote cultural tourism. The National Tourism Organisation (NTO) has been given a strategy to promote the sector.
“SPTO promotes sustainable tourism practices to ensure environmental and socio-cultural benefits to local communities, in line with our vision to empower the Pacific Islands through sustainable tourism.”
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