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Scoop.it!
Pacific Islands face greatest economic contraction in four decades, according to a new report from the Lowy Institute 
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Scoop.it!
Women-led firms experience greater trade facilitation challenges in the Pacific Islands and Timor-Leste. Targeted policies – aimed, for example, at promoting paperless and automated custom systems – could help maximize the benefits of trade for women, so that they can participate more fully in the economy.
The World Bank Group has completed research to identify the specific challenges men and women traders face. Over 1,500 cross-border trading firms were surveyed in Fiji, Papua New Guinea, Samoa, Timor-Leste, and Vanuatu. The report provides a wealth of new data and includes a summary of key findings, as well as recommendations on how to address the main obstacles identified.
Graham Watson's insight:
The problems of trading across the Pacific Islands are unique, and also marked by gender-based discrimination - something that World Bank data has revealed. It's a lose-lose: the inability to trade freely, whatever the reason reduces economic welfare and developmental opportunities.
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The latest research from the Lowy Institute highlights the challenges facing the Pacific Islands in the wake of the coronavirus pandemic, with the region facing its greatest economic contraction in four decades at a time when a number of the major players in the region are also cutting aid.