23 May 2013

EU increases funding for farm export project

1:16 pm on 23 May 2013

The European Union is increasing funding for its Increasing Agricultural Commodity Trade Project, or IACT, in the hope of boosting exports from the region.

The project, implemented by the Secretariat for the Pacific Community, is hoping to identify another 10 to 12 enterprises and work with them to increase the international presence of their products.

The IACT team leader, Samu Turangacati, says there is a lot of potential in the region to consistently supply overseas markets with agriculture, forestry, aquaculture and livestock products.

"Funding is going towards production, processing, capacity building, procurement of machinery and other supplies. It also goes towards trade missions and international trade shows. We have sent some enterprises to Melbourne, to London and Sydney to attend and showcase their products."

The IACT team leader, Samu Turangacati.