The key objectives of the trade policy include: creating an environment which is conducive for investment and private sector development; addressing the supply-side constraints and non-tariff barriers; promoting import substitution and exports of value added goods and services; guiding the nation in trade negotiations and in implementing trade agreements; using the trade policy to secure aid for trade from FSM’s trading partners and donors; and promoting export-led sustainable economic growth, with the ultimate objective of raising the standards of living in the FSM.
The trade policy was formulated by the National Trade Facilitation Committee with the technical and financial assistance of the Commonwealth Secretariat and the Pacific Islands Forum Secretariat.
