23 Dec 2004

EU urges investment in Pacific tourism products

12:29 pm on 23 December 2004

The European Union is urging New Zealand's Pacific Island community to join international investors lining up for a multi-million dollar portfolio of Pacific tourism projects.

EU officials have identified and vetted more than 100 Pacific tourism products they believe are worthy of local and international investment.

They range from construction and hotel accommodation projects to small adventure tourism ventures and will be presented at a tourism conference in Fiji in February.

Called the "Profit In The Pacific Investment Conference", the aim is to create business partnerships between Pacific and European investors and is part of the EU's PROINVEST aid programme.

Organisers say it will focus on business opportunities within 14 Pacific nations, which include the Cook Islands, Niue, Tonga, Samoa, Tuvalu, Fiji and Vanuatu.

The EU has announced that New Zealand investors will be eligible for grants of up to US$ 66,000.