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EDITO
Wednesday, 18 October 2017

The European Union will support Timor-Leste (East Timor) with a budget of 57 million euros over the next five years, under a cooperation agreement signed at the end of last week in Dili by the head of the EU delegation in Timor-Leste and the Minister of Foreign Affairs and Cooperation of Timor-Leste

Tuesday, 04 April 2017

Despite international efforts to address food insecurity, around 108 million people in the world were severely food insecure in 2016, a dramatic increase compared with 80 million in 2015, according to a new global report on food crises released in Brussels today.The report, whose compilation required integrating several measurement methodologies, represents a new and politically innovative collaboration between the European Union and USAID, regional food security institutions together with UN agencies including the Food and Agriculture Organization, the World Food Programme and Unicef. The dramatic increase reflects the trouble people have in producing and accessing food due to conflict, record-high food prices in local markets and extreme weather conditions such drought and erratic rainfall caused by El Niño.

The ability of sugar industry in the region to survive after the removal of production quotas in the European Union (EU) on 30 September, 2017, will depend on improved competitiveness and pragmatic diversification options, according to a Caribbean Community (CARICOM) Secretariat official. The end of EU's quota management for sugar is expected to lead to a fall in prices towards the international sugar price and a decrease in sugar imports from the African Caribbean and Pacific (ACP) states, with particular impact on Caribbean producers. In an address on 23 March to the opening of a regional policy workshop in Kingston, Jamaica, that addressed the Caribbean Sugar Industry Post-2017, CARICOM Secretariat programme manager, agriculture and industry, Nisa Surujbally, said that securing more remunerative markets, value addition and an enabling policy regime within the CARICOM Single Market and Economy (CSME) were also very important to the industry's survival.

Professor Alastair Sutton, a former European adviser to the Crown Dependencies, recently warned the House of Lords of a EU “blacklisting” of the Crown Dependencies’ financial sectors as part of a drive to deal with tax havens.He told the committee the EU was undertaking a “so-called blacklisting process where serious damage to the economies of Jersey, Guernsey, the Isle of Man… could be done if the EU blacklist these territories despite the fact that they have ticked all the boxes internationally in the OECD for compliance with tax, anti-money laundering legislation and financial regulation”.

European Commission Director-General for International Cooperation and Development, Stefano Manservisi and Secretary General of the Pacific Island Forum (PIFS), Dame Meg Taylor, has signed the European Union (EU) “Investment Facility for the Pacific” to support and promote sustainable development in the Pacific.The agreement, signed in Suva is worth €20 million (FJD$44 million) and is aimed at supporting Pacific regional investment projects through the Investment Facility for the Pacific, a mechanism that supports inclusive and sustainable growth in the Pacific by combining EU grants with other public and private sector resources such as loans and equity in order to leverage additional financing and achieve investments in infrastructure as well as support to private sector.