Economic prosperity in the Pacific
Economic prosperity in the Pacific
As a member of the Pacific family, Australia shares the responsibilities and challenges of supporting the region's prosperity. The Pacific is our home, and it is in our interests to foster a strong, stable and successful region that enables our economies to grow and peoples to prosper.
Together as a region, we want to support open and transparent trade, provide and take advantage of commercial opportunities for Australian and Pacific exporters and investors, build resilient infrastructure that supports Pacific partners' economic aspirations, and strongly encourage labour mobility.
Pacific Labour Mobility
Labour mobility is a win-win for Australia and sending countries. The Pacific Labour Scheme helps fill labour shortages in rural and regional Australia and provides employment opportunities for Pacific islanders to develop skills and earn income.
More about Labour Mobility
Australia-Pacific Training Coalition
The APTC is Australia's flagship education and skills investment in the Pacific. Over 13,000 Pacific Islanders have graduated with Australian qualifications since APTC commenced operation in 2007. Its latest phase of implementation is focussed on embedding the APTC in Pacific TVET systems, including increasing the quality, relevance and cost-effectiveness of Pacific partner TVET provision. It is also focused on co-investment by industry and partner governments, ensuring APTC's skills training is demand-led and inclusive; and ensuring that APTC graduates are qualified for, and connected to, domestic and international labour markets.
More about the APTC
Australian Infrastructure Financing Facility for the Pacific (AIFFP)
Operational since 1 July 2019, the Australian Infrastructure Financing Facility for the Pacific (AIFFP) supports transformative infrastructure in the Pacific and Timor-Leste. The $2 billion infrastructure initiative uses grant funding and loans to support the development of high priority infrastructure in the region, such as telecommunications, energy, transport and water infrastructure. Australia is engaging closely with governments across the Pacific, including through our diplomatic missions, to ensure the AIFFP supports the development priorities of Pacific countries.
More about the AIFFP
Coral Sea Cable System
The Coral Sea Cable System (CS²) is a fibre-optic cable system bringing high speed, reliable internet connectivity to the people of Papua New Guinea and Solomon Islands. The CS² will provide significant economic and development opportunities to both countries, including through facilitation of e-governance and enhanced delivery of e-services in healthcare and education.
More about the Coral Sea Cable System
The Pacific Agreement on Closer Economic Relations Plus (PACER Plus) is a regional development-centred trade agreement covering goods, services and investment. It will provide commercial opportunities for Australian exporters and investors, and support Pacific island countries to become more active partners in, and benefit from, regional and global trade.
More about PACER Plus
Economic growth and private sector development
Australia invests in a number of programs that support economic growth in the Pacific. These programs work to improve the business-enabling environment in the Pacific, support businesses that are important to growth, connect investors with Pacific business opportunities and help the Pacific derive maximum benefit from regional trade and investment opportunities.
More about Private Sector Development