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Pacific-EU: $8million in coconut funding


Friday, 10 April 2015

Pacific-EU: $8million in coconut funding

Nine Pacific islands from the ACP grouping of countries are in discussion with the EU to access close to $8million for their coconut industries. In order to access million funding from the European Union, the Secretariat of the Pacific Community has put together a Pacific Coconut Project with the aim to revitalize the region’s coconut industries. Tevita Kete SPC’s Tree Crop Agriculture Business Officer explained, “We want to hear from the countries what are their gaps, how this project will be able to assist them, even though it is not a big sum to cater for everybody’s needs and all the problems that we face. But, at least we want to use this as a catalyst for growth.” SPC says the market opportunity for coconut has grown substantially in recent years.

Source: fbc.com