Vila Times

EU allocated 4 million euro to spur growth of the Pacific coconut industry

EU allocated 4 million euro to spur growth of the Pacific coconut industry
EU allocated 4 million euro to spur growth of the Pacific coconut industry
Vila Times’s Mobile Application

About 4 million euro has been allocated by the European Union to assist the growth of the coconut industry in the Pacific.

This was highlighted in a meeting in Nadi where representatives from 14 Pacific Island Countries are attending a training workshop on coconut production and seeds systems, Fiji Times reports.

According to the leader of the Pacific Community’s (SPC) Coconut Industry Development for the Pacific (CIDP) project, Naheed Hussein, the project worked closely with small-scale producers who were engaged in the coconut value chains.

“Under the 10th European Development Fund, the European Union has allocated 4 million euro to assist the growth of the coconut industry in the Pacific through this project which SPC is implementing,” he said.

“This agreement is part of a broader economic partnership between the European Union and African Caribbean Pacific (ACP) states. The project seeks to strengthen regional integration of related markets and intensify production across the Pacific ACP group of countries. This has been an opportunity to work with the private sector to expand inclusive and sustainable growth in the Pacific,” Hussein said.

Meanwhile, a variety of coconut plants in Fiji have been labelled cyclone tolerant, which experts say will be beneficial to boost the future of the industry.

Add comment