5 May 2005

Solomons forestry bill to be tabled in next sitting

2:13 pm on 5 May 2005

The Solomon Islands Minister for Commerce, Industries and Employment, Walton Naezon, will be tabling the new Foreign Investment Bill 2005 in the upcoming sitting of parliament.

The Foreign Investment Bill 2005, which was put together following policy consultations over the last year, will be accompanied by the Foreign Investment Regulations.

Speaking at the launch yesterday, Mr Naezon said the bill introduces a simple, transparent, non-discretionary and non-discriminatory system of registration for foreign investors.

He also says this will help reduce uncertainty and increase the level of investor interest in Solomon Islands, while protecting Solomon Islanders.

Mr Naezon says new foreign investors will provide much needed jobs for Solomon Islanders and improve access to services for all Solomon Islanders.