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The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE AND INVESTMENT MAY 2012

The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

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Page 1: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

i

The Trade Policy for the Republic of the

Marshall Islands

BY

THE MINISTRY OF RESOURCES AND DEVELOPMENT

DIVISION OF TRADE AND INVESTMENT

MAY 2012

Page 2: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

1

ANN

EX 2

TRAD

E PO

LICY

AN

D IM

PLEM

ENTA

TIO

N M

ATRI

X

Divi

sion

of T

rade

and

Inve

stm

ent

Min

istr

y of

Res

ourc

es a

nd D

evel

opm

ent

Repu

blic

of t

he M

arsh

all I

slan

ds

Tra

de P

olic

y L

ead

Age

ncie

s R

espo

nsib

le

Tim

e Fr

ame

Pote

ntia

l Sou

rce

of F

undi

ng

Prio

rity

M

easu

rabl

e

Indi

cato

rs

Out

put

Out

com

es

Nat

iona

l Con

sulta

tive

Mec

hani

sm

Th

e G

over

nmen

t sha

ll es

tabl

ish

the

Nat

iona

l Tra

de F

acili

tatio

n C

omm

ittee

com

pris

ing

repr

esen

tativ

es fr

om th

e go

vern

men

t, th

e pr

ivat

e se

ctor

an

d ci

vil s

ocie

ty to

ass

ist t

he

natio

n to

form

ulat

e, n

egot

iate

an

d im

plem

ent t

he T

rade

Po

licy.

R&

D

Min

iste

r, Pr

esid

ent o

f C

ham

ber o

f C

omm

erce

, C

abin

et.

2010

PIFS

, G

over

nmen

t, de

velo

pmen

t pa

rtner

s

1

NTF

C e

stab

lishe

d by

D

ec 2

010

and

fund

ing

secu

red.

Cab

inet

Pap

er p

asse

d,

esta

blis

hing

NTF

C, M

embe

rs o

f N

TFC

app

oint

ed a

nd/o

r the

va

rious

sub-

com

mitt

ees

desi

gnat

ed.

All

stak

ehol

ders

invo

lved

in

trade

pol

icy

form

ulat

ion

and

the

Gov

ernm

ent r

ecei

ves

regu

lar a

nd c

redi

ble

advi

ce

on tr

ade

polic

y m

atte

rs.

Page 3: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

2

Tra

de P

olic

y L

ead

Age

ncie

s R

espo

nsib

le

Tim

e Fr

ame

Pote

ntia

l Sou

rce

of F

undi

ng

Prio

rity

M

easu

rabl

e

Indi

cato

rs

Out

put

Out

com

es

(i) T

he N

TFC

shal

l be

com

pose

d of

R&

D (M

IMR

A,

MIV

A, A

gric

ultu

re),

AG

(I

mm

igra

tion)

, CoC

, MO

FA

(Com

pact

, Lab

or),

Farm

ers

Ass

ocia

tion,

Han

dicr

afts

A

ssoc

iatio

n, M

oF, E

PPSO

, EP

A, T

&C

, MIM

A, M

inis

try o

f In

tern

al A

ffairs

, NG

Os

(WU

TMI/M

ICN

GO

s),

Legi

slat

ive

Cou

nsel

ors,

MIB

A,

busi

ness

repr

esen

tativ

es fr

om

PRC

and

RoC

, CM

I, M

ICS.

R&

D

Min

iste

r, Pr

esid

ent o

f C

ham

ber o

f C

omm

erce

, C

abin

et.

2010

1

Num

ber o

f NTF

C

Mem

bers

atte

ndin

g m

eetin

gs

NTF

C c

ompo

sed

of

repr

esen

tativ

es fr

om a

ll th

e m

ajor

stak

ehol

ders

as p

er th

e tra

de p

olic

y re

com

men

datio

n.

Impr

oved

coo

rdin

atio

n an

d co

nsul

tatio

n w

ith a

ll st

akeh

olde

rs o

n tra

de p

olic

y fo

rmul

atio

n an

d im

plem

enta

tion.

(ii) T

he c

hair

shal

l est

ablis

h te

chni

cal s

ub-c

omm

ittee

s to

deal

with

tech

nica

l tra

de is

sues

re

latin

g to

fish

erie

s, to

uris

m,

agric

ultu

re, m

arke

t acc

ess,

trade

in

serv

ices

and

inve

stm

ent,

trade

-rel

ated

issu

es a

nd A

id fo

r Tr

ade.

Cha

ir of

N

TFC

2012

1

Num

ber o

f Sub

-co

mm

ittee

mee

tings

Rel

evan

t sub

com

mitt

ees

esta

blis

hed

to d

eal w

ith

tech

nica

l iss

ues.

Rob

ust a

naly

sis b

y su

b-co

mm

ittee

s use

d to

form

ulat

e co

untry

spec

ific

and

evid

ence

ba

sed

and

prag

mat

ic tr

ade

polic

ies.

(iii)

The

Cha

ir of

the

NTF

C

shal

l rep

ort t

o th

e C

abin

et a

nd

Niti

jela

.

Cha

ir of

N

TFC

20

13

1

Num

ber a

nd q

ualit

y of

repo

rts

Rep

orts

from

NTF

C to

Min

iste

r, C

abin

et a

nd N

itije

la.

Cab

inet

and

Niti

jela

brie

fed

and

sens

itize

d on

key

trad

e po

licy

mat

ters

to e

nabl

e th

em

to m

ake

soun

d tra

de la

ws a

nd

polic

ies.

(iv) A

t lea

st 5

0% o

f the

m

embe

rs o

f the

NTF

C sh

all b

e w

omen

.

Cha

ir of

N

TFC

, R&

D

Min

iste

r

2015

1

Num

ber o

f wom

en in

th

e N

TFC

N

umbe

r of w

omen

par

ticip

atin

g in

the

NTF

C.

Issu

es a

ffec

ting

wom

en in

tra

de fu

lly m

ains

tream

ed in

th

e tra

de p

olic

y an

d m

easu

res

to su

ppor

t and

pro

mot

e th

e pa

rtici

patio

n of

wom

en in

tra

de a

dopt

ed a

nd

impl

emen

ted.

Page 4: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

3

Tra

de P

olic

y L

ead

Age

ncie

s R

espo

nsib

le

Tim

e Fr

ame

Pote

ntia

l Sou

rce

of F

undi

ng

Prio

rity

M

easu

rabl

e

Indi

cato

rs

Out

put

Out

com

es

(v) A

t lea

st 5

0% o

f the

mem

bers

of

the

NTF

C sh

all b

e fro

m th

e pr

ivat

e se

ctor

.

Cha

ir of

N

TFC

, R&

D

Min

iste

r

2015

Num

ber o

f priv

ate

sect

or m

embe

rs o

f th

e N

TFC

Num

ber a

nd fr

eque

ncy

of

priv

ate

sect

or p

artic

ipat

ion

in

the

NTF

C.

Bus

ines

s frie

ndly

trad

e po

licie

s whi

ch e

ncou

rage

s in

vest

men

t, pr

ivat

e se

ctor

de

velo

pmen

t and

exp

orts

.

(vi)

The

Gov

ernm

ent s

hall

prov

ide

adeq

uate

fund

ing

to

enab

le th

e N

TFC

to o

pera

te

effe

ctiv

ely

incl

udin

g th

e hi

ring

of a

long

-term

Tra

de E

xper

t. A

ssis

tanc

e sh

all a

lso

be so

ught

fro

m d

onor

s and

the

priv

ate

sect

or to

fund

NTF

C a

ctiv

ities

.

Cha

ir of

the

NTF

C, R

&D

M

inis

ter

2013

R&

D, F

inan

ce,

PIFs

, de

velo

pmen

t pa

rtner

s. A

t lea

st

$150

000

per

yr.

1

Fund

ing

for t

he

NTF

C se

cure

d.

NTF

C m

eetin

gs h

eld

at le

ast

four

tim

es e

ach

year

; Sub

-co

mm

ittee

mee

tings

and

co

nsul

tatio

ns h

eld

regu

larly

and

re

ports

pre

sent

ed.

The

NTF

C h

as a

dequ

ate

tech

nica

l and

fina

ncia

l re

sour

ces t

o m

eet r

egul

arly

an

d fo

rmul

ate

soun

d tra

de

polic

ies.

(viii

) The

NTF

C sh

all b

e ch

aire

d by

the

Pres

iden

t of t

he

Cha

mbe

r of C

omm

erce

and

the

Vic

e C

hair

will

be

from

R&

D,

whi

ch w

ill a

lso

serv

e as

the

Secr

etar

iat.

Cha

ir of

the

NTF

C, R

&D

M

inis

ter

2010

1

Cha

ir an

d V

ice

Cha

ir ap

poin

ted.

R

epor

ts o

f NTF

C m

eetin

gs

conv

ened

and

cha

ired.

N

TFC

func

tioni

ng p

rope

rly

and

the

Cha

ir an

d V

ice

Cha

ir ar

e ab

le to

show

lead

ersh

ip

and

prom

ote

the

inte

rest

s all

the

stak

ehol

ders

.

M

AC

RO

-EC

ON

OM

IC F

RA

ME

WO

RK

RM

I sha

ll m

ains

trea

m tr

ade

into

the

natio

nal d

evel

opm

ent

plan

and

pro

vide

the

nece

ssar

y su

ppor

t to

enha

nce

the

capa

city

of

the

priv

ate

sect

or to

pro

duce

qu

ality

goo

ds a

nd se

rvic

es th

at

can

be e

xpor

ted

com

petit

ivel

y to

pro

mot

e su

stain

able

, exp

ort-

led

econ

omic

gro

wth

, de

velo

pmen

t and

em

ploy

men

t.

Dire

ctor

for

EPPS

O, C

oC,

R&

D

2015

1

Trad

e m

ains

tream

ed

into

the

ND

P Tr

ade

polic

ies f

ully

refle

cted

in

the

Nat

iona

l Dev

elop

men

t pla

n an

d se

ctor

al p

lans

and

pol

icie

s.

Trad

e us

ed a

s a to

ol to

pr

omot

e in

clus

ive,

su

stai

nabl

e ec

onom

ic g

row

th

and

deve

lopm

ent.

Page 5: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

4

Tra

de P

olic

y L

ead

Age

ncie

s R

espo

nsib

le

Tim

e Fr

ame

Pote

ntia

l Sou

rce

of F

undi

ng

Prio

rity

M

easu

rabl

e

Indi

cato

rs

Out

put

Out

com

es

T

he N

atio

nal D

evel

opm

ent P

lan

(i)

RM

I sha

ll as

sess

the

resu

lts

of th

e SD

PF a

nd u

se th

e le

sson

s le

arnt

to d

evel

op a

new

Nat

iona

l D

evel

opm

ent P

lan

whi

ch w

ill

take

into

acc

ount

Vis

ion

2018

, th

e ex

istin

g re

ports

, pla

ns,

polic

ies a

nd in

trodu

ce

perfo

rman

ce b

ased

bud

get a

nd

real

istic

and

mea

sura

ble

indi

cato

rs.

EPPS

O

2012

Com

pact

, D

evel

opm

ent

Partn

ers

1

ND

P in

pla

ce b

y 20

14 a

nd tr

ade

fully

m

ains

tream

ed in

to

the

ND

P.

Trad

e is

fully

mai

nstre

amed

in

the

ND

P an

d se

ctor

al p

lans

and

po

licie

s.

Trad

e fu

lly m

ains

tream

ed

into

the

ND

P an

d se

ctor

al

plan

s and

pol

icie

s and

te

chni

cal a

nd fi

nanc

ial

supp

ort c

oord

inat

ed p

rope

rly

to a

ddre

ss tr

ade

prio

ritie

s.

(ii) T

he M

inis

try o

f Fi

nanc

e/C

abin

et sh

all a

lloca

te

adeq

uate

reso

urce

s tha

t are

re

quire

d to

impl

emen

t the

Tra

de

Polic

y.

R&

D

Min

iste

r, Fi

nanc

e,

Cab

inet

, N

itije

la

2013

Gov

ernm

ent,

Dev

elop

men

t Pa

rtner

s

1

$ al

loca

ted

to tr

ade

rela

ted-

activ

ities

Im

plem

enta

tion

budg

et

disc

usse

d an

d ag

reed

A

dequ

ate

reso

urce

s sec

ured

to

impl

emen

t the

trad

e po

licy.

(iii)

R&

D sh

all a

sses

s and

re

fres

h th

e R

&D

Stra

tegy

to

ensu

re th

at tr

ade

is fu

lly

mai

nstre

amed

into

the

stra

tegy

.

NTF

C, R

&D

, EP

PSO

20

13

Com

pact

, D

evel

opm

ent

partn

ers

1

R&

D S

trate

gy

final

ized

in 2

014

Trad

e fu

lly m

ains

tream

ed in

to

the

R&

D S

trate

gy a

nd th

e ac

tiviti

es in

the

stra

tegy

are

fu

lly fu

nded

and

impl

emen

ted

in a

man

ner w

hich

supp

ort a

nd

prom

ote

trade

.

Trad

e fu

lly m

ains

tream

ed

into

the

R&

D S

trate

gy a

nd a

ll re

leva

nt se

ctor

al p

olic

ies a

nd

plan

s (ag

ricul

ture

, fis

herie

s, to

uris

m, t

rans

porta

tion,

etc

..)

Supp

ort a

nd p

rom

ote

trade

an

d pr

ivat

e se

ctor

de

velo

pmen

t.

(iv) T

he D

ivis

ion

resp

onsib

le

for T

rade

and

Inve

stm

ent s

hall

be st

reng

then

ed a

nd st

affe

d by

at

leas

t thr

ee lo

cal a

nd q

ualif

ied

trade

exp

erts

. The

re is

a n

eed

to

sens

itize

the

Cab

inet

on

the

impo

rtanc

e of

trad

e an

d th

e ne

ed to

pro

vide

the

nece

ssar

y su

ppor

t for

trad

e an

d pr

ivat

e se

ctor

dev

elop

men

t. R

MI s

hall

seek

fund

ing

from

Dev

elop

men

t Pa

rtner

s to

fund

one

in

tern

atio

nal t

rade

exp

ert f

or 3

-5

year

s to

wor

k w

ith th

e lo

cal

coun

terp

arts

and

bui

ld

inst

itutio

nal c

apac

ity o

n tra

de

and

assi

st in

impl

emen

ting

the

R&

D

Min

iste

r, Fi

nanc

e,

2012

Gov

ernm

ent,

PIFS

, D

evel

opm

ent

Partn

ers.

1

Num

ber o

f qua

lifie

d pe

rson

s sta

ffing

the

trade

and

inve

stm

ent

divi

sion

Fund

ing

secu

red

to h

ire

qual

ified

loca

l sta

ff an

d to

hire

an

inde

pend

ent i

nter

natio

nal

trade

exp

ert t

o tra

in, s

ensi

tize

and

build

indi

vidu

al a

nd

inst

itutio

nal c

apac

ity o

n tra

de

mat

ters

.

Inst

itutio

nal c

apac

ity to

ha

ndle

trad

e m

atte

rs

impr

oves

.

Page 6: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

5

Tra

de P

olic

y L

ead

Age

ncie

s R

espo

nsib

le

Tim

e Fr

ame

Pote

ntia

l Sou

rce

of F

undi

ng

Prio

rity

M

easu

rabl

e

Indi

cato

rs

Out

put

Out

com

es

Trad

e Po

licy.

Cap

acity

Bui

ldin

g sh

all i

nvol

ve tr

aini

ng a

nd

atta

chm

ent t

o re

gion

al a

nd

inte

rnat

iona

l tra

de

orga

niza

tions

.

E

cono

mic

Gro

wth

RM

I sha

ll ta

ke m

easu

res t

o fa

cilit

ate

priv

ate

sect

or

deve

lopm

ent a

nd in

crea

se th

e ex

port

s of g

oods

and

serv

ices

w

ith a

vie

w to

enh

ance

su

stai

nabl

e ec

onom

ic g

rowt

h,

empl

oym

ent a

nd d

evel

opm

ent.

NTF

C, R

&D

, EP

PSO

, Pr

ivat

e se

ctor

.

2015

Gov

ernm

ent,

Priv

ate

sect

or.

1

Num

ber a

nd im

pact

of

mea

sure

s tak

en b

y G

over

nmen

t to

faci

litat

e pr

ivat

e se

ctor

dev

elop

men

t.

Num

ber o

f cha

nges

mad

e to

tra

de a

nd in

vest

men

t law

s, am

ount

of s

uppo

rt pr

ovid

ed o

n tra

de-r

elat

ed in

frast

ruct

ure,

nu

mbe

r of p

ublic

firm

s pr

ivat

ised

, am

ount

of t

arge

ted

ince

ntiv

es fo

r bus

ines

s sta

rt-up

pr

ovid

ed, i

ntro

duct

ion

of

busi

ness

-frie

ndly

tax

regu

latio

ns

etc.

..

Incr

ease

in p

rivat

e se

ctor

ac

tiviti

es, a

s wel

l as i

n ex

ports

of g

oods

and

serv

ices

an

d nu

mbe

r of p

eopl

e em

ploy

ed in

the

priv

ate

sect

or a

nd G

DP

grow

th.

(i) E

PPSO

shal

l be

give

n en

ough

reso

urce

s to

com

pile

ba

se-li

ne d

ata

and

disa

ggre

gate

d st

atis

tics o

n G

DP

and

cont

ribut

ion

of a

gric

ultu

re,

fishe

ries,

and

serv

ices

to G

DP

as w

ell a

s acc

urat

e st

atis

tics o

n ba

lanc

e of

pay

men

ts to

ena

ble

RM

I to

use

verif

iabl

e in

dica

tors

to

mea

sure

eco

nom

ic p

rogr

ess

and

the

impl

emen

tatio

n of

the

Trad

e Po

licy.

EPPS

O,

R&

D,

MIM

RA

, N

TFC

2015

Gov

ernm

ent,

IMF,

PFT

AC

, A

DB

, SPC

1

Supp

ort p

rovi

ded

to

EPPS

O to

pro

duce

di

sagg

rega

ted

stat

s on

GD

P an

d B

OP.

EPPS

O e

stab

lishe

s and

m

aint

ains

bas

e-lin

e an

d di

sagg

rega

ted

stat

istic

al d

ata

on

GD

P an

d co

ntrib

utio

ns fr

om a

ll se

ctor

s inc

ludi

ng tr

ade

in

serv

ices

.

RM

I has

relia

ble

stat

istic

s to

mea

sure

eco

nom

ic g

row

th

and

the

impa

ct o

f mea

sure

s ta

ken

unde

r the

trad

e po

licy

to e

nsur

e th

at tr

ade

is u

sed

to

prom

ote

sust

aina

ble

econ

omic

gro

wth

and

de

velo

pmen

t.

(ii) E

PPSO

shal

l be

give

n m

ore

reso

urce

s to

cont

inue

wor

king

w

ith th

e Se

cret

aria

t of t

he

Paci

fic C

omm

unity

(SPC

), PI

FTA

C a

nd IM

F to

impr

ove

its

stat

istic

s.

EPPS

O

2013

Gov

ernm

ent,

IMF,

PFT

AC

, A

DB

, SPC

1

Dis

aggr

egat

ed

stat

istic

s on

GD

P,

BO

P

EPPS

O se

cure

s res

ourc

es fr

om

gove

rnm

ent a

nd d

onor

s to

cont

inue

stre

ngth

enin

g st

atis

tics.

Inst

itutio

nal c

apac

ity o

f RM

I to

gen

erat

e cr

edib

le a

nd

relia

ble

stat

istic

s im

prov

ed

and

mea

sure

s put

in p

lace

to

ensu

re su

stai

nabi

lity.

Page 7: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

6

Tra

de P

olic

y L

ead

Age

ncie

s R

espo

nsib

le

Tim

e Fr

ame

Pote

ntia

l Sou

rce

of F

undi

ng

Prio

rity

M

easu

rabl

e

Indi

cato

rs

Out

put

Out

com

es

(iii)

RM

I sha

ll ta

ke u

rgen

t m

easu

res t

o cu

rb u

ncon

trolle

d go

vern

men

t exp

endi

ture

and

in

trodu

ce p

ositi

ve m

easu

res t

hat

are

nece

ssar

y to

cre

ate

an

envi

ronm

ent t

hat i

s con

duci

ve

for t

rade

, inv

estm

ent a

nd p

rivat

e se

ctor

dev

elop

men

t. H

owev

er,

the

Gov

ernm

ent s

hall

ensu

re

that

ade

quat

e, q

ualif

ied

and

expe

rienc

ed w

orke

rs a

re

empl

oyed

in th

e G

over

nmen

t to

enab

le it

to fu

nctio

n ef

ficie

ntly

.

EPPS

O,

Fina

nce,

N

TFC

2015

AD

B, U

S 2

Num

ber o

f peo

ple

empl

oyed

in G

vt a

nd

amou

nt sp

ent o

n pu

blic

em

ploy

men

t, nu

mbe

r of m

easu

res

take

n to

refo

rm tr

ade

and

inve

stm

ent l

aws

and

polic

ies.

Red

uctio

n of

fund

s spe

nt o

n go

vern

men

t em

ploy

ees,

inef

ficie

nt p

ublic

ent

erpr

ises

pr

ivat

ised

, law

s ref

orm

ed to

pr

omot

e tra

de a

nd in

vest

men

t, ac

cess

to lo

ans i

mpr

oved

and

tim

e-lim

ited

ince

ntiv

es

prov

ided

.

Unn

eces

sary

pub

lic

expe

nditu

re c

urbe

d an

d gr

owth

in p

rivat

e se

ctor

ac

tivity

and

pro

duct

ion

of

qual

ity p

rodu

cts p

rodu

ced

for

expo

rt an

d do

mes

tic

cons

umpt

ion.

(iv) T

he ro

le o

f gov

ernm

ent

shal

l be

limite

d to

pro

vidi

ng

basi

c in

frast

ruct

ure,

ess

entia

l se

rvic

es, r

egul

atio

n an

d ad

optin

g m

easu

res t

hat e

nhan

ce

and

faci

litat

e pr

ivat

e se

ctor

de

velo

pmen

t rat

her t

han

vent

urin

g in

to d

irect

co

mm

erci

al o

pera

tions

in

com

petit

ion

with

the

priv

ate

sect

or.

EPPS

O,

Fina

nce,

N

TFC

2015

R&

D, C

ompa

ct,

deve

lopm

ent

partn

ers

1

Impr

oved

in

frast

ruct

ure

and

serv

ices

, #of

pr

ivat

ised

firm

s.

Num

ber o

f Gov

ernm

ent o

wne

d en

terp

rises

priv

atiz

ed, a

nd th

e am

ount

of f

unds

pro

vide

d to

bu

ild tr

ade-

rela

ted

phys

ical

in

frast

ruct

ure.

Gov

ernm

ent p

rovi

des

effic

ient

and

relia

ble

infra

stru

ctur

e an

d se

rvic

es

and

the

priv

ate

sect

or

prod

ucin

g qu

ality

goo

ds a

nd

serv

ices

.

(v) T

he G

over

nmen

t sha

ll se

t ta

rget

s on

econ

omic

gro

wth

and

as

wel

l as o

ther

soci

o-ec

onom

ic

goal

s and

ass

ess i

ts p

erfo

rman

ce

on a

chie

ving

MD

Gs.

EPPS

O

2015

Gov

ernm

ent,

IMF,

PFT

AC

, A

DB

, SPC

, U

ND

P D

evel

opm

ent

Partn

ers.

2

Mea

sura

ble

econ

omic

targ

ets a

nd

prog

ress

tow

ards

ac

hiev

ing

MD

Gs

Targ

eted

eco

nom

ic b

ench

mar

ks

esta

blis

hed.

R

MI h

as re

liabl

e st

atis

tics

and

targ

ets t

o m

easu

re

econ

omic

gro

wth

and

the

impa

ct o

n ot

her s

ocia

l ob

ject

ives

to e

nsur

e th

at tr

ade

is u

nder

take

n in

a su

stai

nabl

e m

anne

r.

Page 8: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

7

Tra

de P

olic

y L

ead

Age

ncie

s R

espo

nsib

le

Tim

e Fr

ame

Pote

ntia

l Sou

rce

of F

undi

ng

Prio

rity

M

easu

rabl

e

Indi

cato

rs

Out

put

Out

com

es

(vi)

RM

I sha

ll re

form

and

/or

priv

atis

e pu

blic

ent

erpr

ises

to

enha

nce

effic

ienc

y in

serv

ice

deliv

ery,

pro

mot

e co

mpe

titiv

enes

s and

low

er th

e co

st o

f doi

ng b

usin

ess i

n R

MI.

EPPS

O,

Cab

inet

20

15

AD

B,

Gov

ernm

ent,

Com

pact

, D

evel

opm

ent

partn

ers.

3

Num

ber o

f ref

orm

s or

priv

atis

ed fi

rms

and

redu

ctio

n in

co

sts o

f doi

ng

busi

ness

.

Expa

nded

and

revi

talis

ed

com

petit

ive

priv

ate

sect

or,

whi

ch in

turn

pay

taxe

s int

o go

vern

men

t tre

asur

y.

Incr

ease

d ef

ficie

ncy,

hig

h qu

ality

pro

duct

s, go

vern

men

t re

venu

e an

d gr

owth

(vii)

The

Gov

ernm

ent s

hall

adop

t tra

de m

easu

res t

hat w

ill

enha

nce

priv

ate

sect

or

deve

lopm

ent a

nd st

imul

ate

the

prod

uctio

n of

goo

ds a

nd

serv

ices

that

can

be

trade

d co

mpe

titiv

ely

in th

e lo

cal

mar

ket a

nd in

maj

or e

xpor

t m

arke

ts.

NTF

C, R

&D

, EP

PSO

20

18

Gov

ernm

ent

3

Num

ber o

f goo

ds

and

serv

ices

pr

oduc

ed b

y th

e pr

ivat

e se

ctor

bot

h fo

r loc

al a

nd e

xpor

t m

arke

t.

Incr

ease

in q

ualit

y an

d qu

antit

y of

pro

duct

s ava

ilabl

e fo

r bot

h lo

cal a

nd e

xpor

t mar

ket.

Stro

ng p

rivat

e se

ctor

cap

able

of

pro

duci

ng q

ualit

y an

d co

mpe

titiv

e go

ods a

nd

serv

ices

for l

ocal

and

exp

ort

mar

ket e

nhan

ced

econ

omic

gr

owth

and

incr

ease

in

empl

oym

ent a

nd q

ualit

y of

lif

e.

(viii

) The

Gov

ernm

ent s

hall

crea

te a

goo

d tra

de a

nd

inve

stm

ent e

nviro

nmen

t to

enha

nce

priv

ate

sect

or

deve

lopm

ent,

trade

and

em

ploy

men

t par

ticul

arly

in th

e pr

oduc

tive

sect

ors o

f fis

herie

s, ag

ricul

ture

, tou

rism

, han

dicr

aft,

man

ufac

turin

g an

d se

rvic

es.

Gov

ernm

ent,

Priv

ate

sect

or

2018

Gov

ernm

ent

1

Num

ber o

f peo

ple

empl

oyed

by

the

priv

ate

sect

or.

Red

uced

une

mpl

oym

ent,

incr

ease

d do

mes

tic c

onsu

mpt

ion

and

boos

t inv

estm

ent,

as w

ell a

s in

crea

sed

gove

rnm

ent r

even

ue

The

busi

ness

env

ironm

ent

impr

oved

and

pro

duct

ion

in

key

sect

ors s

uch

as fi

sher

ies,

tour

ism

and

agr

icul

ture

in

crea

sed

and

the

leve

l of

empl

oym

ent a

nd th

e st

anda

rd

of li

ving

impr

oved

.

(ix) R

MI s

hall

adop

t bes

t pr

actic

es o

n la

bor a

s re

com

men

ded

by th

e In

tern

atio

nal L

abor

O

rgan

izat

ion

to e

nsur

e th

at th

e rig

hts o

f wor

kers

incl

udin

g th

e de

cent

wor

k pr

ogra

m, b

asic

co

nditi

ons o

f em

ploy

men

t and

th

e fre

edom

to o

rgan

ize

are

fully

impl

emen

ted.

MoF

A,

NTF

C

2015

Gov

ernm

ent,

ILO

, SPC

, C

ompa

ct, U

S Fe

dera

l Pr

ogra

ms.

3

Num

ber

of IL

O

reco

mm

enda

tions

im

plem

ente

d.

Num

ber o

f lab

or la

ws b

ased

on

ILO

reco

mm

enda

tions

. B

asic

righ

ts o

f wor

kers

re

spec

ted

and

good

wor

king

co

nditi

ons p

rovi

ded.

Page 9: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

8

Tra

de P

olic

y L

ead

Age

ncie

s R

espo

nsib

le

Tim

e Fr

ame

Pote

ntia

l Sou

rce

of F

undi

ng

Prio

rity

M

easu

rabl

e

Indi

cato

rs

Out

put

Out

com

es

(x) E

duca

tion

and

train

ing

from

el

emen

tary

to te

rtiar

y le

vels

sh

all i

nclu

de e

ntre

pren

eurs

hip

skill

s and

the

voca

tiona

l tra

inin

g an

d ot

her t

rain

ing

by th

e C

olle

ge o

f Mar

shal

l Isl

ands

, the

N

atio

nal T

rain

ing

Cou

ncil

(NTC

) sha

ll fo

cus o

n sk

ills t

hat

are

in sh

ort s

uppl

y in

RM

I and

ab

road

. A c

ompr

ehen

sive

H

uman

reso

urce

s Dev

elop

men

t Po

licy

is re

quire

d to

ens

ure

that

th

e ed

ucat

ion

that

is p

rovi

ded

is

rele

vant

to R

MI a

nd th

e bu

sine

ss c

omm

unity

.

Educ

atio

n,

NTC

, NTF

C,

CM

I

2020

Gov

ernm

ent,

ILO

, SPC

, C

ompa

ct, U

S Fe

dera

l Pr

ogra

ms.

1

Num

ber o

f ski

lled

loca

l peo

ple,

HR

D

polic

y, fu

ll ut

iliza

tion

of la

bor

mar

ket a

cces

s in

the

US.

Num

ber o

f loc

al sk

illed

w

orke

rs, n

umbe

r of b

usin

esse

s ow

ned

by lo

cal e

ntre

pren

eurs

, im

prov

emen

t in

qual

ity o

f ed

ucat

ion

and

train

ing,

hig

her

prod

uctiv

ity, i

ncre

ased

re

mitt

ance

s.

Impr

ovem

ent i

n qu

ality

of

educ

atio

n, lo

cal s

kills

, and

em

ploy

men

t of l

ocal

wor

kers

.

(xi)

RM

I sha

ll pr

ivat

ise

som

e of

th

e SO

Es th

at a

re d

rain

ing

publ

ic re

sour

ces a

nd o

nly

borro

w m

oney

for e

ssen

tial

infra

stru

ctur

al p

roje

cts a

nd

publ

ic se

rvic

es.

Cab

inet

, EP

PSO

, Fi

nanc

e,

NTF

C

2013

Gov

ernm

ent,

AD

B

1

Num

ber o

f priv

atiz

ed

firm

s. R

educ

ed a

nd st

ream

lined

go

vern

men

t exp

endi

ture

, and

en

larg

ed p

rivat

e se

ctor

with

pr

ofit-

driv

en a

nd ta

x-pa

ying

fir

ms.

Incr

ease

d co

ntrib

utio

n of

pr

ivat

e se

ctor

to G

DP,

en

hanc

ed e

ffici

ency

in

serv

ice

deliv

ery

and

effic

ient

an

d su

stai

nabl

e m

anag

emen

t of

stat

e re

sour

ces.

(xii)

Som

e of

the

infra

stru

ctur

e pr

ojec

ts sh

all b

e fu

nded

thro

ugh

publ

ic-p

rivat

e pa

rtner

ship

s.

Cab

inet

, EP

PSO

, Fi

nanc

e,

NTF

C

2015

Gov

ernm

ent,

priv

ate

sect

or.

1

Num

ber o

f PPP

. B

ette

r and

tailo

red

infra

stru

ctur

e de

velo

ped

in a

cos

t effe

ctiv

e m

anne

r.

Envi

ronm

ent c

ondu

cive

for

trade

, inv

estm

ent a

nd p

rivat

e se

ctor

par

ticip

atio

n an

d de

velo

pmen

t.

A

gric

ultu

re

Th

e G

over

nmen

t sha

ll pr

omot

e an

d fa

cilit

ate

inve

stmen

t in

agri

cultu

re a

nd e

nhan

ce th

e ca

paci

ty o

f the

pri

vate

sect

or to

pr

oduc

e qu

ality

pro

duct

s in

a co

nsis

tent

man

ner t

o su

pply

the

loca

l mar

ket a

nd e

xpor

t a fe

w

nich

e pr

oduc

ts su

ch a

s non

i an

d co

conu

t by-

prod

ucts

.

R&

D,

Farm

ers

Ass

ocia

tion,

M

IA

2015

Dev

elop

men

t Pa

rtner

s, FA

O,

SPC

, AD

B,

1

Shar

e of

agr

ic

prod

ucts

pro

duce

d lo

cally

and

qua

ntity

an

d va

lue

of e

xpor

ts.

Hig

h va

lue

agric

ultu

ral p

rodu

cts

prod

uced

in su

stai

nabl

y in

crea

sed

quan

titie

s.

Incr

ease

d fo

od se

lf-su

ffici

ency

and

cap

acity

to

expo

rt qu

ality

pro

duct

s.

Page 10: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

9

Tra

de P

olic

y L

ead

Age

ncie

s R

espo

nsib

le

Tim

e Fr

ame

Pote

ntia

l Sou

rce

of F

undi

ng

Prio

rity

M

easu

rabl

e

Indi

cato

rs

Out

put

Out

com

es

(i)

The

Gov

ernm

ent s

hall

impr

ove

trans

porta

tion

infra

stru

ctur

e an

d se

rvic

es a

nd

faci

litat

e th

e pa

rtici

patio

n of

the

priv

ate

sect

or in

agr

icul

ture

by

crea

ting

a tra

nspa

rent

regu

lato

ry

regi

me

and

leve

l pla

ying

fiel

d in

th

e tra

nspo

rtatio

n se

ctor

.

T&C

, NTF

C,

R&

D, M

IA

2015

Inve

stor

s, G

over

nmen

t 1

Impr

ovem

ent i

n ai

r, se

a tra

nspo

rtatio

n,

incl

udin

g sc

hedu

led

ship

ping

to o

uter

is

land

s.

Impr

ovem

ent i

n tra

nspo

rtatio

n an

d pa

rtici

patio

n of

priv

ate

sect

or in

agr

icul

ture

and

in

crea

sed

yiel

ds fo

r bot

h do

mes

tic c

onsu

mpt

ion

an

expo

rt, a

nd h

ighe

r far

mer

s' in

com

e.

An

effic

ient

tran

spor

tatio

n sy

stem

, whi

ch e

ncou

rage

s pr

ivat

e se

ctor

par

ticip

atio

n in

ag

ricul

ture

to e

nsur

e th

at

agric

ultu

re, p

lays

a g

reat

er

role

in th

e ec

onom

y-G

reat

er

cont

ribut

ion

of a

gric

ultu

re to

G

DP.

(ii)

The

Min

istry

of R

esou

rces

an

d D

evel

opm

ent,

Tobo

lar a

nd

prod

ucer

repr

esen

tativ

es sh

all

esta

blis

h qu

ality

stan

dard

s for

al

l pos

t-har

vest

act

iviti

es a

nd

copr

a sp

ecifi

catio

ns.

R&

D,

Tobo

lar,

farm

ers,

MIA

2015

Dev

elop

men

t Pa

rtner

s, SP

C,

AD

B

2

Prod

uctio

n of

qua

lity

copr

a.

Stan

dard

s for

cop

ra p

rodu

ctio

n ag

reed

and

est

ablis

hed.

R

MI p

rodu

cing

qua

lity

copr

a an

d ot

her c

ocon

ut p

rodu

cts.

(iii)

The

Gov

ernm

ent s

hall

expl

ore

poss

ibili

ties o

f re

stru

ctur

ing

or p

rivat

izin

g To

bola

r to

ensu

re th

at it

is ru

n on

a c

omm

erci

al b

asis

with

out

drai

ning

pub

lic re

sour

ces.

Oth

er

mea

ns o

f sup

porti

ng th

e ne

eds

of th

e pe

ople

in th

e ou

ter i

slan

ds

shal

l be

also

be

expl

ored

to

impr

ove

rura

l liv

elih

ood

and

food

secu

rity.

R&

D, M

oIA

, T&

C, M

ISC

, To

bola

r, N

TFC

, MIA

2015

Japa

n, U

S, R

oC,

AD

B

1

Tobo

lar

priv

atis

ed/ru

n on

co

mm

erci

al b

asis

. A

ssis

tanc

e pr

ovid

ed

to o

uter

isla

nds t

o im

prov

e ru

ral

livel

ihoo

d an

d fo

od

secu

rity.

Tobo

lar p

rivat

ised

/cor

pora

tized

an

d ru

n on

a c

omm

erci

al b

asis

an

d se

rvic

ing

the

need

s of o

uter

is

land

s wel

l.

Effic

ient

man

agem

ent o

f To

bola

r red

uced

gov

ernm

ent

spen

ding

on

Tobo

lar a

nd

impr

oved

qua

lity

of se

rvic

e to

out

er is

land

s.

(iv) T

he g

over

nmen

t sha

ll as

sist

fa

rmer

s to

esta

blis

h fa

rmer

s’

asso

ciat

ions

/coo

pera

tives

to

enab

le th

em to

pro

duce

pro

duct

s in

a c

onsi

sten

t man

ner.

R&

D,

farm

ers,

MIA

20

15

FAO

, SPC

, G

over

nmen

t 3

Num

ber o

f far

mer

s as

soci

atio

ns

coop

erat

ives

.

Farm

ers A

ssoc

iatio

ns

esta

blis

hed

and

play

ing

an

activ

e ro

le in

repr

esen

ting

the

need

s of f

arm

ers i

n th

e N

TFC

.

Voi

ce o

f far

mer

s hea

rd in

po

licy

mak

ing,

con

sist

ent

prod

uctio

n of

agr

icul

tura

l pr

oduc

ts.

(v)

The

Gov

ernm

ent s

hall

prom

ote

inve

stm

ent i

n ag

ricul

ture

and

exp

lore

the

poss

ibili

ty o

f con

tract

farm

ing.

R&

D,

NTF

C,

farm

ers,

MIA

2015

R

&D

2

Val

ue o

f inv

estm

ent

in a

gric

ultu

re.

Mea

sure

s tak

en b

y th

e go

vern

men

t to

prom

ote

inve

stm

ent i

n ag

ricul

ture

and

th

e am

ount

of i

nves

tmen

t, ag

ricul

ture

loan

s pro

vide

d,

farm

ers'

train

ing

prog

ram

s or

gani

zed

and

orga

nize

d fa

rmin

g.

Incr

ease

d in

vest

men

t in

agric

ultu

re to

enh

ance

the

quan

tity

and

qual

ity o

f ag

ricul

tura

l pro

duct

ion.

Page 11: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

10

Tra

de P

olic

y L

ead

Age

ncie

s R

espo

nsib

le

Tim

e Fr

ame

Pote

ntia

l Sou

rce

of F

undi

ng

Prio

rity

M

easu

rabl

e

Indi

cato

rs

Out

put

Out

com

es

(vi)

The

Gov

ernm

ent s

hall

faci

litat

e ac

cess

to fi

nanc

e (g

rant

s/co

nces

sion

al lo

ans)

. The

am

ount

of l

oans

shal

l be

incr

ease

d to

a re

ason

able

leve

l an

d th

e pr

oced

ures

shal

l be

sim

plifi

ed.

R&

D,

farm

ers,

BM

I, M

IDB

, M

IA

2014

Dev

elop

men

t pa

rtner

s, G

over

nmen

t, B

MI,

MID

B

1

Num

ber o

f agr

ic lo

an

appl

icat

ions

, and

va

lue.

Farm

ers a

ssis

ted

with

loan

s and

gr

ants

(fin

ance

, see

dlin

gs,

man

ure

etc)

app

licat

ion

proc

ess

and

proc

edur

es a

nd

requ

irem

ents

for a

cces

sing

loan

s st

ream

lined

and

sim

plifi

ed.

Incr

ease

d lo

ans/

gran

ts

avai

labl

e fo

r agr

icul

ture

and

fa

cilit

ate

acce

ss to

fund

s to

prom

ote

farm

ing

as a

bu

sine

ss w

ith th

e ul

timat

e go

al o

f inc

reas

ing

qual

ity a

nd

quan

tity

of p

rodu

ctio

n in

a

cons

iste

nt m

anne

r.

(vii)

R

&D

shal

l fac

ilita

te

valu

e ad

ditio

n an

d de

cent

raliz

atio

n of

the

coco

nut

oil e

xtra

ctio

n. T

he g

over

nmen

t ne

eds t

o se

cure

don

or fu

ndin

g to

ru

n a

pilo

t pro

ject

on

valu

e ad

ditio

n to

coc

onut

pro

duct

s (in

clud

ing

virg

in c

ocon

ut o

il) in

th

e ou

ter i

slan

ds.

R&

D,

farm

ers,

MIA

20

13

Dev

elop

men

t pa

rtner

s 1

Pilo

t pro

ject

co

mm

ence

s.

Dec

entra

lizat

ion

and

valu

e ad

ditio

n to

coc

onut

pro

duct

s, fu

nds f

or a

pilo

t pro

ject

secu

red

and

com

men

cem

ent o

f the

pr

ojec

t.

Incr

ease

d va

lue

addi

tion

to

coco

nut p

rodu

cts a

nd

dece

ntra

lizat

ion

of

prod

uctio

n to

out

er is

land

s to

impr

ove

the

livin

g st

anda

rds

of p

eopl

e in

out

er is

land

s.

(viii

) R

MI s

hall

incr

ease

do

mes

tic fo

od p

rodu

ctio

n an

d co

nsum

ptio

n an

d es

tabl

ish/

stre

ngth

en n

ew

farm

ers’

mar

kets

to re

duce

the

impo

rt bi

ll an

d ad

dres

s the

he

alth

and

food

secu

rity

conc

erns

.

R&

D,

farm

ers,

BM

I, M

oH,

MIA

2013

Dev

elop

men

t pa

rtner

s, G

over

nmen

t, FA

O, S

PC

1

Qua

ntity

/val

ue o

f lo

cal f

ood

prod

uced

an

d co

nsum

ed.

Incr

ease

in p

rodu

ctio

n an

d co

nsum

ptio

n of

loca

l foo

ds,

loca

l far

mer

s' m

arke

t cre

ated

for

dom

estic

, Qua

rant

ine

mea

sure

s st

reng

then

ed, T

rain

ing

and

rese

arch

in a

gric

ultu

re im

prov

ed

and

Syne

rgie

s int

rodu

ced

on

prod

uce

colle

ctio

n fro

m o

uter

is

land

s.

Incr

ease

d pr

oduc

tion

and

cons

umpt

ion

of h

ealth

y lo

cally

pro

duce

d fo

odst

uff,

impr

ove

in fo

od se

curit

y an

d su

bstit

utio

n of

impo

rts th

at

can

be p

rodu

ced

effic

ient

ly in

R

MI.

(ix) R

MI s

hall

re-p

lant

coc

onut

pl

ants

as w

ell a

s oth

er p

lant

s th

at a

re u

sed

as ra

w m

ater

ials

fo

r han

dicr

aft,

med

icin

e, a

nd

othe

r pro

duct

s.

R&

D,

farm

ers,

MIA

20

13

SPC

, FA

O,

Gov

ernm

ent,

Dev

elop

men

t pa

rtner

s.

1

Num

ber o

f pla

nts

repl

ante

d/ h

ecte

rs

plan

ted

Num

ber o

f pla

nt re

plan

ted

succ

essf

ully

. C

onsi

sten

t sup

ply

of c

opra

an

d co

pra

prod

ucts

, and

oth

er

plan

ts fo

r pro

duct

ion

of v

alue

ad

ded

prod

ucts

and

ha

ndic

rafts

.

Page 12: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

11

Tra

de P

olic

y L

ead

Age

ncie

s R

espo

nsib

le

Tim

e Fr

ame

Pote

ntia

l Sou

rce

of F

undi

ng

Prio

rity

M

easu

rabl

e

Indi

cato

rs

Out

put

Out

com

es

(x)

The

Gov

ernm

ent s

hall

stre

ngth

en m

easu

res t

o pr

otec

t th

e co

untry

aga

inst

the

intro

duct

ion

and

spre

ad o

f in

jurio

us p

ests

and

dis

ease

s and

en

sure

that

RM

I exp

orts

mee

t th

e ex

ports

requ

irem

ents

.

R&

D,M

IA

2013

SPC

, FA

O, P

IFS,

G

over

nmen

t, D

evel

opm

ent

partn

ers.

1

Bio

secu

rity

law

s re

view

ed,

inst

itutio

nal c

apac

ity

stre

ngth

ened

, pes

t lis

t upd

ated

, RM

I pr

oduc

ts c

ompl

ying

w

ith e

xpor

t re

quire

men

ts.

Inju

rious

pes

ts a

nd d

isea

ses

erad

icat

ed th

roug

h st

reng

then

ed

mea

sure

s, R

MI's

exp

orts

of a

gro

prod

ucts

boo

sted

.

RM

I agr

icul

ture

kep

t saf

e fro

m in

jurio

us p

ests

and

di

seas

es, s

usta

ined

ag

ricul

tura

l pro

duct

ion

assu

red

and

incr

ease

in

prod

ucts

ava

ilabl

e fo

r loc

al

and

expo

rt m

arke

ts.

(xi)

RM

I sha

ll ta

ke m

easu

res t

o su

ppor

t the

farm

ers t

o in

crea

se

expo

rts o

f nic

he a

nd v

alue

-ad

ded

coco

nut p

rodu

cts

incl

udin

g no

ni p

rodu

cts a

nd

hand

icra

ft.

R&

D,

farm

ers,

MIA

20

15

FAO

, UN

DP,

SP

C 2

Qua

ntity

/val

ue o

f ag

ric e

xpor

ts.

Tech

nica

l ski

lls p

rovi

ded

to

farm

ers,

qual

ity in

put m

ater

ial

prov

ided

, pos

t-har

vest

stor

age

faci

litie

s pro

vide

d an

d tra

nspo

rtatio

n fa

cilit

ies

impr

oved

.

Incr

ease

d pr

oduc

tion

of h

igh

valu

e co

conu

t, no

ni a

nd

hand

icra

ft pr

oduc

ts.

(x)T

echn

ical

and

fina

ncia

l as

sist

ance

shal

l be

prov

ided

to

impr

ove

tech

nica

l ana

lysi

s, te

stin

g an

d ce

rtific

atio

n (in

clud

ing

orga

nic

certi

ficat

ion)

of

loca

l pro

duct

s to

ensu

re th

at

they

mee

t dom

estic

and

in

tern

atio

nal s

tand

ards

.

R&

D,

farm

ers,

MIA

20

15

SPC

, FA

O,

Dev

elop

men

t pa

rtner

s

2

Num

ber o

f loc

al

prod

ucts

org

anic

ally

ce

rtifie

d an

d m

eetin

g ex

port

stan

dard

s.

Fund

s sec

ured

to a

ssis

t RM

I to

mee

t exp

ort r

equi

rem

ents

in

clud

ing

orga

nic

certi

ficat

ion.

RM

I pro

duce

s pro

duct

s tha

t m

eet i

nter

natio

nal s

tand

ards

an

d de

velo

ps tr

ade

in o

rgan

ic

prod

ucts

.

(xi)

RM

I sha

ll pr

omot

e co

nsum

ptio

n of

loca

l far

m

prod

uce

in l

ocal

scho

ols,

hosp

itals

, pris

ons,

carg

o an

d pa

ssen

ger v

esse

ls a

nd o

ther

st

ate

publ

ic fu

nctio

ns se

rvin

g fo

ods.

R&

D,

farm

ers,

publ

ic

inst

itutio

ns,

MIA

2013

Gov

ernm

ent

1

Qua

ntiy

/val

ue o

f ag

ric p

rodu

cts

cons

umed

by

publ

ic

inst

itutio

ns.

Mea

sure

s tak

en b

y th

e go

vern

men

t to

prom

ote

prod

uctio

n an

d co

nsum

ptio

n of

lo

cal f

oods

.

Incr

ease

in th

e nu

mbe

r of

peop

le c

onsu

min

g he

alth

y lo

cal p

rodu

cts.

Page 13: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

12

Tra

de P

olic

y L

ead

Age

ncie

s R

espo

nsib

le

Tim

e Fr

ame

Pote

ntia

l Sou

rce

of F

undi

ng

Prio

rity

M

easu

rabl

e

Indi

cato

rs

Out

put

Out

com

es

(xii)

Reg

ulat

ory

mea

sure

s sha

ll be

stre

amlin

ed to

pro

mot

e co

nser

vatio

n, d

evel

opm

ent o

f th

e na

tura

l res

ourc

es a

nd

expo

rts o

f loc

al p

rodu

cts f

rom

sa

fe a

nd fe

asib

le p

roje

cts.

R&

D,

farm

ers,

MIA

20

15

Dev

elop

men

t pa

rtner

s, G

over

nmen

t.

1

Num

ber o

f co

nser

vatio

n m

easu

res

adop

ted/

enfo

rced

.

Reg

ulat

ory

mea

sure

s put

into

pl

ace

Agr

icul

ture

con

duct

ed in

a

sust

aina

ble

and

envi

ronm

enta

lly fr

iend

ly

man

ner.

Fi

sher

ies

Th

e G

over

nmen

t sha

ll pr

omot

e an

d fa

cilit

ate

susta

inab

le

fishi

ng, l

ocal

par

ticip

atio

n,

fore

ign

inve

stmen

t in

inte

grat

ed c

atch

ing,

ons

hore

-pr

oces

sing

and

valu

e ad

ditio

n.

MIM

RA

, PN

A, F

FA,

WC

PFC

, M

IA

2010

MIM

RA

, PN

A,

FFA

, EU

, SFP

, SP

C.

1

Fish

erie

s co

nser

vatio

n ta

rget

s ac

hiev

ed a

nd R

MI

getti

ng m

axim

um

retu

rns f

rom

trad

e in

its

fish

erie

s re

sour

ces.

# of

loca

l pr

ivat

e se

ctor

pa

rtici

patin

g in

the

fishe

ries b

usin

ess.

Fish

erie

s con

serv

atio

n m

easu

res

impl

emen

ted

and

loca

l inv

esto

rs

vent

urin

g in

fish

erie

s pro

vide

d w

ith fi

nanc

ial a

nd te

chni

cal

assi

stan

ce, a

nd o

ther

ince

ntiv

es.

Con

serv

atio

n an

d m

anag

emen

t mea

sure

s st

reng

then

ed a

nd

impl

emen

ted

and

RM

I ge

tting

max

imum

retu

rns

from

inve

stm

ent t

hrou

gh

onsh

ore

proc

essi

ng, v

alue

ad

ditio

n an

d pa

rtici

patio

n of

lo

cal i

nves

tors

in th

e fis

herie

s in

dust

ry.

(i) R

MI s

hall

take

pos

itive

m

easu

res i

n lin

e w

ith th

e PN

A

initi

ativ

e to

max

imiz

e th

e va

lue

of it

s tun

a re

sour

ces,

incl

udin

g th

roug

h ob

tain

ing

eco-

labe

ling

certi

ficat

ion

and

enco

urag

ing

dom

estic

atio

n of

the

fishe

ries

indu

stry

.

MIM

RA

, PN

A, F

FA,

WC

PFC

, M

IA

2010

MIM

RA

, PN

A,

FFA

, EU

, SFP

, SP

C.

1

MSC

cer

tific

atio

n of

sk

ipja

ck a

lread

y se

cure

d, n

umbe

r of

dom

estic

fish

ing

Cos

.

Num

ber o

f mea

sure

s tak

en to

en

cour

age

onsh

ore

proc

essi

ng,

valu

e ad

ditio

n an

d at

tract

ing

fore

ign

inve

stor

s and

join

t ve

ntur

es b

etw

een

loca

l and

fo

reig

n in

vest

ors.

RM

I get

ting

max

imum

re

turn

s fro

m it

s fis

herie

s ex

ports

and

a si

gnifi

cant

am

ount

of f

orei

gn e

xcha

nge

earn

ed u

tiliz

ed to

impr

ove

the

livin

g st

anda

rds o

f loc

al

peop

le in

RM

I.

(ii) R

MI s

hall

refo

rm it

s law

s an

d re

gula

tions

to c

reat

e an

en

viro

nmen

t whi

ch is

frie

ndly

to

fore

ign

inve

stm

ent i

n th

e fis

herie

s sec

tor.

R&

D, N

TFC

, M

IMR

A,

MoF

, MIA

2013

R&

D, N

TFC

1

Wor

ld B

ank

rank

ing,

#

or v

alue

of

inve

stm

ent i

n fis

herie

s.

Num

ber o

f law

s ref

orm

ed,

crea

tion

of a

tran

spar

ent

Inve

stm

ent b

oard

, sin

gle

polic

y do

cum

ent f

or fo

reig

n in

vest

men

t ado

pted

and

pr

oced

ure

and

step

s to

be

follo

wed

by

fore

ign

inve

stor

s cl

early

out

lined

.

RM

I's ra

nkin

g in

the

ease

of

doin

g bu

sines

s and

the

busi

ness

clim

ate

in g

ener

al

impr

oves

and

inve

stm

ent i

n on

shor

e an

d va

lue

adde

d fis

herie

s ind

ustri

es in

crea

ses,

and

mor

e jo

bs c

reat

ed.

Page 14: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

13

Tra

de P

olic

y L

ead

Age

ncie

s R

espo

nsib

le

Tim

e Fr

ame

Pote

ntia

l Sou

rce

of F

undi

ng

Prio

rity

M

easu

rabl

e

Indi

cato

rs

Out

put

Out

com

es

(iii)

Proc

edur

es o

n in

cent

ives

sh

all b

e tra

nspa

rent

and

st

ream

lined

and

the

Min

istry

of

Fina

nce

shal

l iss

ue a

n ex

empt

ion

perm

it to

qua

lifyi

ng

inve

stor

s.

MoF

, MIA

20

13

MoF

1

Cle

ar a

nd tr

ansp

aren

t po

licy

on in

cent

ives

. Po

licy

docu

men

t ena

cted

and

gi

ven

adeq

uate

pub

licity

and

pr

oces

s of i

ssui

ng ta

x w

aive

rs to

qu

alifi

ed in

vest

ors c

larif

ied

and

mad

e pu

blic

.

Bet

ter m

anag

emen

t of

gove

rnm

ent r

esou

rces

, roo

m

for d

iscr

etio

n an

d co

rrupt

ion

on g

rant

ing

ince

ntiv

es

redu

ced

and

trans

pare

ncy

in

gran

ting

of in

cent

ives

and

in

vest

men

t im

prov

ed.

(iv)

RM

I sha

ll w

ork

with

out

er

isla

nds a

nd se

t asi

de la

nd fo

r fis

herie

s dev

elop

men

t in

oute

r is

land

s and

dev

elop

the

nece

ssar

y in

frast

ruct

ure.

R&

D, M

oIA

, T&

C, M

IA

2015

Gov

ernm

ent,

Dev

elop

men

t pa

rtner

s.

2

At l

east

3 o

uter

is

land

s ide

ntifi

ed a

nd

infra

stru

ctur

e de

velo

ped.

Rel

evan

t inf

rast

ruct

ure,

in

clud

ing

road

s, po

rts a

nd

elec

trici

ty in

pla

ce.

Infra

stru

ctur

e in

clud

ing

trans

porta

tion

netw

ork

esta

blis

hed

in id

entif

ied

oute

r is

land

s and

ons

hore

and

val

ue

adde

d fis

herie

s ind

ustri

es

esta

blis

hed,

peo

ple

in th

e ou

ter i

slan

ds b

enef

it fro

m

empl

oym

ent c

reat

ed a

nd

othe

r ser

vice

s. (v

) RM

I sha

ll fo

cus m

ore

on

valu

e ad

ditio

n to

its f

ishe

ries

prod

ucts

rath

er th

an re

lyin

g on

ac

cess

fees

. Pos

itive

mea

sure

s sh

all b

e pu

t in

plac

e to

supp

ort

parti

cipa

tion

of th

e lo

cal p

rivat

e se

ctor

in th

e fis

hing

indu

stry

.

MIM

RA

, PN

A, B

MI,

MID

B, M

IA

2015

Gov

ernm

ent,

Inve

stor

s. 1

Num

ber o

f co

mpa

nies

eng

aged

in

val

ue a

dditi

on a

nd

valu

e of

pro

duct

ion,

nu

mbe

r of l

ocal

bu

sine

ss in

the

fishe

ries i

ndus

try.

Nec

essa

ry in

fras

truct

ure

in

plac

e fo

r priv

ate

sect

or

invo

lvem

ent i

n th

e fis

herie

s in

dust

ry, t

arge

ted

ince

ntiv

es

(elim

inat

ion

of d

utie

s on

inpu

t m

ater

ial a

nd ta

x re

lief m

easu

res)

fo

r inv

esto

rs in

the

fishe

ries

indu

stry

.

Gre

ater

eco

nom

ic b

enef

its

from

ons

hore

pro

cess

ing

and

valu

e ad

ditio

n in

the

fishe

ries

indu

stry

.

(vi)

The

gove

rnm

ent s

hall

cons

ider

intro

duci

ng ta

rget

ed

ince

ntiv

es fo

r inv

esto

rs in

the

fishe

ries i

ndus

try. T

hese

may

in

clud

e re

mov

ing

dutie

s on

raw

m

ater

ials

requ

ired

for f

ish

proc

essi

ng.

MoF

, M

IMR

A,

R&

D, M

IA

2013

Gov

ernm

ent

1

Targ

eted

and

tim

e bo

und

ince

ntiv

es fo

r th

e fis

herie

s in

dust

ry.

Incr

ease

d nu

mbe

r of l

ocal

and

fo

reig

n in

vest

ors i

n th

e fis

herie

s in

dust

ry.

Incr

ease

in in

vest

men

t in

the

fishe

ries s

ecto

r.

(vii)

The

Gov

ernm

ent s

hall

nego

tiate

bet

ter a

cces

s int

o th

e U

S m

arke

t, in

par

ticul

ar, a

cces

s fo

r vac

uum

pac

ked

pre-

cook

ed

tuna

loin

s and

acc

ess t

o th

e in

stitu

tiona

l mar

kets

incl

udin

g th

e U

S m

ilita

ry.

R&

D,

MIM

RA

, M

oFA

, N

TFC

, MIA

2013

MIM

RA

, PIF

S,

Com

pact

, FFA

, PN

A

1

Bet

ter m

arke

t acc

ess

into

the

US

mar

ket

(100

% d

uty

and

quot

a fre

e ac

cess

pl

us im

prov

ed ru

les

or o

rigin

).

PPF

(and

pos

sibl

y ot

her f

irms)

ex

porti

ng v

acuu

m p

acke

d pr

e-co

oked

tuna

loin

s dut

y fre

e to

U

S an

d ha

ve a

cces

s to

the

US

inst

itutio

nal m

arke

ts a

nd

incr

ease

d ex

port

of fi

sher

ies

prod

uct t

o th

e w

ider

US

mar

ket.

Incr

ease

in e

xpor

ts o

f fis

herie

s pro

duct

s to

the

US

mar

ket a

nd m

ore

jobs

and

fo

reig

n ex

chan

ge e

arni

ngs f

or

RM

I.

Page 15: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

14

Tra

de P

olic

y L

ead

Age

ncie

s R

espo

nsib

le

Tim

e Fr

ame

Pote

ntia

l Sou

rce

of F

undi

ng

Prio

rity

M

easu

rabl

e

Indi

cato

rs

Out

put

Out

com

es

(viii

) RM

I sha

ll es

tabl

ish

the

Com

pete

nt A

utho

rity

and

cons

ider

sign

ing

the

com

preh

ensi

ve E

PA to

hav

e pr

efer

entia

l acc

ess i

nto

the

EU

fishe

ries m

arke

t.

R&

D,

MIM

RA

, N

TFC

, MIA

2015

EU

, PIF

S, F

FA,

EDF

10.

1

Com

pete

nt A

utho

rity

esta

blis

hed

and

RM

I si

gn th

e C

EPA

.

RM

I sig

n th

e CE

PA a

nd h

as a

n EU

cer

tifie

d C

ompe

tent

A

utho

rity.

Mor

e in

vest

men

t, on

shor

e pr

oces

sing

and

val

ue a

dditi

on

of fi

sher

ies p

rodu

cts t

arge

ting

the

EU m

arke

t and

mor

e jo

bs

and

fore

x fo

r RM

I.

(ix) T

here

shal

l be

targ

eted

tra

inin

g on

fish

erie

s and

oth

er

skill

s rel

atin

g to

the

fishe

ries

indu

stry

. Dev

elop

men

t par

tner

s sh

all p

rovi

de fi

nanc

ial

assi

stan

ce/s

chol

arsh

ip fo

r tra

inin

g on

bas

ic a

s wel

l as

adva

nced

skill

s on

fishe

ries.

MIM

RA

, N

TC, C

OM

I, M

IA

2012

Gov

ernm

ent,

US,

FF

A,

deve

lopm

ent

partn

er.

1

Num

ber o

f loc

al

peop

le tr

aine

d on

fis

herie

s.

Fund

ing

for t

rain

ing

secu

red

and

train

ing

com

men

ces l

ocal

ly

and

abro

ad.

RM

I has

trai

ned

and

qual

ified

w

orke

rs in

the

fishe

ries

indu

stry

; effi

cien

cy in

fis

herie

s pro

duct

ion

impr

oves

an

d be

tter m

anag

emen

t of

fishe

ries r

esou

rces

.

(x) R

MI f

lagg

ed v

esse

ls sh

all b

e ex

empt

ed fr

om p

ayin

g en

try

fees

eac

h tim

e th

ey e

nter

the

port

and

they

shal

l not

be

requ

ired

to u

se p

ilota

ge. T

hey

shal

l als

o be

allo

wed

to h

andl

e th

eir o

wn

fish

at p

ort a

nd n

ot

use

expe

nsiv

e st

eved

orin

g se

rvic

es.

T&C

, Por

t A

utho

rity,

R

&D

, MIA

2013

Gov

ernm

ent

1

RM

I fla

gged

ves

sels

ex

empt

ed fr

om e

ntry

fe

es a

nd a

llow

ed to

ha

ndle

thei

r ow

n fis

h an

d ex

empt

ed fr

om

pilo

tage

re

quire

men

ts.

Am

endm

ent o

f law

s exe

mpt

ing

RM

I fla

gged

ves

sels

from

pa

ying

ent

ry fe

es, p

ilota

ge

requ

irem

ents

and

allo

win

g th

em

to h

andl

e th

eir o

wn

fish.

Red

uctio

n in

cos

t of

prod

uctio

n fo

r fis

herie

s op

erat

ors.

(xi)

RM

I sha

ll im

prov

e th

e st

atis

tics o

n fis

herie

s inc

ludi

ng

fishe

ries e

xpor

ts a

s wel

l as

stat

istic

s on

the

valu

e an

d qu

antit

y of

fish

cau

ght i

n R

MI's

EE

Z.

MIM

RA

, EP

PSO

, MIA

20

13

IMF,

PFT

AC

, FF

A, P

NA

, M

IMR

A

1

Acc

urat

e st

ats o

n fis

herie

s inc

ludi

ng

fish

expo

rts.

Com

plet

e, a

ccur

ate,

acc

essi

ble

and

upda

ted

stat

istic

al d

ata

on

the

fishe

ries s

ecto

r mai

ntai

ned

by E

PPSO

and

MIM

RA

.

RM

I abl

e to

ass

ess t

he

cont

ribut

ion

of fi

sher

ies

sect

or to

the

econ

omy

easi

ly

asse

ssed

and

impr

oved

m

onito

ring

and

cont

rol o

f fis

herie

s res

ourc

es.

(x

ii) R

&D

shal

l wor

k to

geth

er

with

out

er is

land

s in

prom

otin

g fo

reig

n in

vest

men

t in

inte

grat

ed

catc

hing

and

pro

cess

ing

and

faci

litat

e ex

ports

of v

alue

add

ed

fishe

ries p

rodu

cts.

R&

D, o

uter

is

land

s, M

IA

2015

R&

D, I

nves

tors

. 1

Num

ber o

f inv

esto

rs

invo

lved

in v

alue

ad

ditio

n.

Incr

ease

d vo

lum

e of

val

ue-

adde

d fis

herie

s pro

duct

pr

oduc

ed a

nd e

xpor

ted.

Dev

elop

men

t of t

he o

uter

is

land

s, ex

pans

ion

of th

e na

tiona

l fis

herie

s ind

ustry

, im

pact

ing

posi

tivel

y on

ec

onom

ic d

evel

opm

ent.

Page 16: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

15

Tra

de P

olic

y L

ead

Age

ncie

s R

espo

nsib

le

Tim

e Fr

ame

Pote

ntia

l Sou

rce

of F

undi

ng

Prio

rity

M

easu

rabl

e

Indi

cato

rs

Out

put

Out

com

es

(xiii

) Tec

hnic

al a

nd fi

nanc

ial

assi

stan

ce sh

all b

e pr

ovid

ed fo

r th

e de

velo

pmen

t of

aq

uacu

lture

(e.g

. bla

ck p

earls

, gi

ant c

lam

s, se

a cu

cum

bers

, tro

chus

, sal

t pro

cess

ing,

or

nam

enta

l ree

f ind

ustry

, sea

w

eed

proc

essi

ng, f

ish

cagi

ng,

hatc

hery

).

MIM

RA

, C

MI,

MIA

20

15

FFA

, SPC

2

Num

ber a

nd v

alue

of

aqua

cultu

re p

rodu

cts

prod

uced

and

ex

porte

d or

sold

lo

cally

.

Incr

ease

d in

com

e fro

m th

e ex

port

and

loca

l sal

e of

val

ue-

adde

d aq

uacu

lture

pro

duct

s.

Incr

ease

in c

ontri

butio

n of

aq

uacu

lture

to th

e ec

onom

y.

T

ouri

sm

R

MI s

hall

prov

ide

adeq

uate

re

sour

ces t

o to

urism

and

im

prov

e al

l the

infr

astr

uctu

re

serv

ices

that

are

requ

ired

to

incr

ease

exp

orts

of t

ouri

sm

serv

ices

.

R&

D, M

IVA

, N

TFC

, MIA

20

13

Gov

ernm

ent,

Dev

elop

men

t pa

rtner

s, SP

TO,

PIFS

1

Incr

ease

in n

umbe

r of

vis

itors

to 1

8 00

0 by

201

8. E

xpor

ts o

f to

uris

m se

rvic

es

cont

ribut

es x

% to

G

DP.

Qua

lity

loca

l ser

vice

s and

in

frast

ruct

ure,

edu

catio

n, h

ealth

, en

hanc

ed re

leva

nt sk

ills,

impr

oved

env

ironm

enta

l hy

gien

e an

d sa

nita

tion,

co

mpl

ete,

acc

urat

e an

d up

date

d da

ta o

n th

e nu

mbe

r of t

ouris

ts

and

inco

me

from

tour

ism

m

aint

aine

d by

EPP

SO a

nd

MIV

A, a

nd to

uris

m tr

ade's

an

nual

reve

nue

targ

et se

t

Incr

ease

in n

umbe

r of

tour

ists

, job

s and

inco

me

gene

rate

d fro

m to

uris

m.

(i) R

MI s

hall

iden

tify

prod

ucts

w

ith th

e st

rong

est t

ouris

m a

nd

expo

rt ap

peal

thro

ugh

‘nic

he

mar

ket r

esea

rch’

and

seek

te

chni

cal a

nd fi

nanc

ial

assi

stan

ce to

supp

ort t

heir

grow

th.

MIV

A,

NTF

C, R

&D

, pr

ivat

e se

ctor

, SPT

O,

MIA

2013

Gov

ernm

ent,

Dev

elop

men

t Pa

rtner

s

1

Num

ber o

f tou

rism

pr

oduc

ts d

evel

oped

. Fu

ndin

g se

cure

d to

dev

elop

to

uris

m p

rodu

cts.

Div

ersi

ficat

ion

of a

ctiv

ities

av

aila

ble

to to

uris

m

(par

ticul

arly

key

nic

he

prod

ucts

) and

incr

ease

in

num

ber o

f tou

rists

, em

ploy

men

t and

tour

ism

re

venu

e.

(ii

) RM

I nee

ds to

fully

util

ize

the

gran

ts th

at a

re p

rovi

ded

by

JIC

A to

dev

elop

tour

ism

. H

owev

er, t

he G

over

nmen

t sha

ll sh

ow c

omm

itmen

t to

tour

ism

be

fore

it g

oes o

ut to

seek

don

or

fund

ing.

R&

D, M

IVA

, M

oF, M

oFA

, C

abin

et, M

IA

2013

Gov

ernm

ent,

JIC

A,

Dev

elop

men

t pa

rtner

s.

1

Gov

ernm

ent f

undi

ng

and

supp

ort f

or

tour

ism

incr

ease

s an

d co

mpl

emen

ted

by d

onor

fund

ing.

Bud

geta

ry a

lloca

tion

for t

ouris

m

deve

lopm

ent i

n pl

ace,

cle

ar

tour

ism

dev

elop

men

t pro

gram

in

pla

ce a

nd d

onor

fund

s ut

ilize

d ef

ficie

ntly

.

Thriv

ing

tour

ism

sect

or

crea

ted

with

impr

oved

in

frast

ruct

ure,

em

ploy

men

t an

d re

venu

e ge

nera

ted

in

tour

ism

sect

or in

crea

ses a

nd

prod

uctio

n an

d sa

le o

f oth

er

tour

ism

-rel

ated

pro

duct

s (s

uch

as h

andi

craf

t) bo

oste

d.

Page 17: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

16

Tra

de P

olic

y L

ead

Age

ncie

s R

espo

nsib

le

Tim

e Fr

ame

Pote

ntia

l Sou

rce

of F

undi

ng

Prio

rity

M

easu

rabl

e

Indi

cato

rs

Out

put

Out

com

es

(ii) R

MI s

hall

liber

aliz

e th

e to

uris

m in

dust

ry b

ut re

serv

e th

e sm

all b

usin

ess o

pera

tions

for

Mar

shal

lese

citi

zens

.

MIV

A,

NTF

C, R

&D

, M

IA

2013

PIFS

1

Tour

ism

indu

stry

lib

eral

ized

und

er

trade

agr

eem

ents

.

Tour

ism

serv

ices

libe

raliz

ed

unde

r tra

de a

gree

men

ts a

nd a

lim

ited

rese

rve

list f

inal

ized

.

Prom

ote

inve

stm

ent a

nd

trans

pare

ncy

in to

uris

m b

y un

derta

king

bin

ding

co

mm

itmen

ts u

nder

FTA

s.

(iv) T

he G

over

nmen

t sha

ll im

med

iate

ly p

rivat

ize

AM

I and

pu

rsue

opt

ions

to a

llow

the

entry

of p

rivat

e in

vest

ors i

nto

the

dom

estic

sea

pass

enge

r bu

sine

ss to

out

er is

land

s.

Cab

inet

, T&

C, N

TFC

, M

IA

2013

AD

B, U

S,

deve

lopm

ent

partn

ers.

1

AM

I ope

rate

d by

pr

ivat

e se

ctor

or

PPP.

AM

I priv

atiz

atio

n la

w/A

ct

enac

ted,

Priv

atiz

atio

n pr

oces

s be

gun.

Effi

cien

t man

agem

ent o

f A

MI,

Bet

ter q

ualit

y se

rvic

es

rend

ered

to tr

avel

ers,

Red

uctio

n in

unp

rodu

ctiv

e go

vern

men

t spe

ndin

g,

Rel

iabl

e an

d su

stai

nabl

e tra

nspo

rt fa

cilit

y to

supp

ort

tour

ism

.

(v) T

he G

over

nmen

t sha

ll pu

sh

for i

mpr

ovem

ents

to o

uter

is

land

runw

ays,

espe

cial

ly in

ke

y at

olls

with

gre

ates

t tou

rism

po

tent

ial.

T&C

, Por

t A

utho

rity,

M

IA

2015

Com

pact

, AD

B,

deve

lopm

ent

partn

ers.

3

Run

way

s in

at le

ast 2

ou

ter i

slan

ds

deve

lope

d/im

prov

ed.

Fund

ing/

assi

stan

ce se

cure

d fro

m U

S, A

DB

and

de

velo

pmen

t par

tner

s to

deve

lop

runw

ays i

n id

entif

ied

oute

r is

land

s.

Air

trans

port

to o

uter

isla

nds

impr

oves

whi

ch re

sults

in a

n in

crea

se in

tour

ist a

rriv

als,

jobs

and

eco

nom

ic

deve

lopm

ent.

(vi)

The

Gov

ernm

ent s

hall

enga

ge w

ith C

ontin

enta

l A

irlin

es o

n op

tions

for b

ette

r pr

icin

g, sc

hedu

ling,

and

serv

ice

optio

ns. R

MI s

hall

fully

util

ize

its la

ndin

g rig

hts i

n H

onol

ulu

and

Fiji

to fa

cilit

ate

bette

r air

trans

port

serv

ices

and

rest

ore

and

sust

ain

airli

ne se

rvic

es to

th

e so

uth,

con

nect

ing

the

RMI

with

Aus

tralia

and

Fiji

. The

G

over

nmen

t sha

ll st

rong

ly

supp

ort c

ontin

uatio

n an

d in

crea

se o

f JA

L ch

arte

r bus

ines

s an

d w

ork

on th

e ai

rline

in

form

atio

n pa

ckag

e.

T&C

, R&

D,

MoF

A,

MIV

A,

NTF

C, M

IA

2013

Gov

ernm

ent,

Dev

elop

men

t pa

rtner

s

1

Impr

oved

air-

line

conn

ectio

ns to

the

US,

Fiji

, Jap

an a

nd

Aus

tralia

.

Favo

rabl

e an

d at

tract

ive

optio

ns

secu

red

with

Con

tinen

tal A

irlin

e an

d nu

mbe

r of f

light

s to

RM

I in

crea

sed.

Bet

ter f

light

con

nect

ion

and

incr

ease

in to

uris

t arr

ival

s in

to R

MI,

job

crea

tion

and

gene

ratio

n of

fore

ign

curr

ency

and

spill

-off

bene

fits t

o ag

ricul

ture

and

ot

her s

ecto

rs o

f the

eco

nom

y.

Page 18: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

17

Tra

de P

olic

y L

ead

Age

ncie

s R

espo

nsib

le

Tim

e Fr

ame

Pote

ntia

l Sou

rce

of F

undi

ng

Prio

rity

M

easu

rabl

e

Indi

cato

rs

Out

put

Out

com

es

(vii)

The

Gov

ernm

ent s

hall

take

ur

gent

mea

sure

s to

utili

ze th

e in

itiat

ive

by C

ontin

enta

l A

irlin

es to

intro

duce

3 fl

ight

s fro

m Ja

pan.

TC&

I, R

&D

, M

IVA

, MIA

20

13

Gov

ernm

ent,

MIV

A

1

Incr

ease

in n

umbe

r of

vis

itors

from

Ja

pan

Incr

ease

num

ber o

f flig

hts a

nd

visi

tors

from

Japa

n an

d re

venu

e ge

nera

ted

from

tour

ism

.

Incr

ease

in to

uris

m fr

om

Japa

n an

d cr

eatio

n of

jobs

an

d in

crea

se in

tour

ism

re

venu

e.

(viii

) T

he G

over

nmen

t sha

ll ta

ke m

easu

res t

o im

prov

e ac

cess

to

fina

nce

for t

he to

uris

m

indu

stry

.

R&

D, M

IVA

, M

oF, M

IDB

, B

MI,

MIA

2011

M

IDB

, BM

I, G

over

nmen

t, D

evel

opm

ent

Partn

ers.

1

Incr

ease

in a

cces

s to

chea

p fin

ance

for t

he

tour

ism

indu

stry

.

Loa

ns g

rant

ed to

loca

l inv

esto

rs

to se

t up

or im

prov

e to

uris

m

rela

ted

busin

esse

s and

num

ber

of to

uris

m b

usin

ess o

pera

tors

ex

pand

ed, w

hile

ince

ntiv

es

allo

tted

for b

est p

erfo

rmin

g to

uris

m b

usin

esse

s.

Esta

blis

hmen

t of a

su

stai

nabl

e an

d vi

able

to

uris

m in

dust

ry a

nd m

ore

RM

I nat

iona

ls in

volv

ed in

the

tour

ism

indu

stry

; add

ition

ally

em

ploy

men

t cre

ated

for

loca

ls.

(i

x) A

ll to

uris

m st

akeh

olde

rs

shal

l eng

age

the

Gov

ernm

ent t

o im

prov

e ov

eral

l bus

ines

s and

ec

onom

ic p

olic

ies t

o en

cour

age

grow

th o

f priv

ate

sect

or a

nd

star

t ups

.

MIV

A,

EPPS

O,

NTF

C, M

IA

2015

Gov

ernm

ent,

Dev

elop

men

t pa

rtner

s.

3

Impr

oved

bus

ines

s en

viro

nmen

t for

the

tour

ism

indu

stry

.

Impr

oved

tour

ism

rela

ted

infra

stru

ctur

e, in

clud

ing

good

tra

nspo

rtatio

n sy

stem

, por

t fa

cilit

ies,

sew

er, c

omm

unic

atio

n sy

stem

and

upg

rade

hot

el

stan

dard

s; tr

ansp

aren

t, si

mpl

e an

d im

parti

al in

vest

men

t re

gula

tions

; les

s cum

bers

ome

taxa

tion

of th

e se

ctor

; ade

quat

e se

ed g

rant

s to

loca

l inv

esto

rs

and

targ

eted

ince

ntiv

es (s

uch

as

time-

boun

d ta

x re

lief)

to fo

reig

n in

vest

ors a

nd g

ood

publ

ic

hygi

ene,

sani

tatio

n an

d en

viro

nmen

tal p

rote

ctio

n re

gim

e.

Incr

ease

d ro

le o

f priv

ate

sect

or in

tour

ism

to c

reat

e a

soun

d to

uris

m in

dust

ry w

ith a

su

stai

nabl

e in

frast

ruct

ure

base

, inc

reas

e in

con

tribu

tion

of to

uris

m to

jobs

, rev

ue a

nd

GD

P.

(x) P

olic

ies a

nd la

ws r

elat

ing

to

imm

igra

tion,

labo

r, in

vest

men

t an

d ot

hers

shal

l be

refo

rmed

to

faci

litat

e tra

de a

nd in

vest

men

t in

tour

ism

.

MoF

, MoF

A,

AG

, MIV

A,

MIA

2013

Gov

ernm

ent,

Dev

elop

men

t pa

rtner

s.

2

Inve

stm

ent,

labo

r, im

mig

ratio

n la

ws

refo

rmed

Trav

ellin

g to

RM

I by

tour

ists

en

cour

aged

and

faci

litat

ed,

incr

ease

d in

vest

men

t in

tour

ism

in

dust

ry, h

iring

of e

xpat

riate

w

orke

rs e

ased

and

num

ber o

f to

uris

ts to

RM

I inc

reas

es.

RM

I law

s on

inve

stm

ent,

labo

r and

imm

igra

tion

sign

ifica

ntly

impr

oved

to

prom

ote

inve

stm

ent i

n to

uris

m a

nd fa

cilit

ate

incr

ease

in

tour

ist a

rriv

als a

nd

gene

rate

muc

h ne

eded

em

ploy

men

t and

reve

nue.

Page 19: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

18

Tra

de P

olic

y L

ead

Age

ncie

s R

espo

nsib

le

Tim

e Fr

ame

Pote

ntia

l Sou

rce

of F

undi

ng

Prio

rity

M

easu

rabl

e

Indi

cato

rs

Out

put

Out

com

es

(xi)

The

Gov

ernm

ent s

hall

seek

te

chni

cal a

ssis

tanc

e to

re

form

ulat

e th

e N

atio

nal

Inve

stm

ent P

olic

y St

atem

ent.

NTF

C, R

&D

, M

IA

2013

Gov

ernm

ent,

IFC

, AD

B

1

New

NIP

S.

Con

cise

attr

activ

e an

d tra

nspa

rent

inve

stm

ent p

olic

y an

d la

ws.

Con

duci

ve in

vest

men

t cl

imat

e, n

umbe

r of f

orei

gn

inve

stor

s boo

sted

and

RM

I im

prov

es o

n W

B E

ase

of

Doi

ng B

usin

ess r

anki

ng.

(xii)

The

Gov

ernm

ent s

hall

iden

tify

isla

nds a

nd re

gion

s with

be

st su

itabi

lity

for s

mal

l‐sca

le,

sust

aina

ble

tour

ism

reso

rt de

velo

pmen

t. It

shal

l est

ablis

h an

inve

ntor

y of

suita

ble

and

free‐

and‐

clea

r isl

ands

and

are

as

(non

disp

uted

) for

inve

stm

ent

prom

otio

n an

d fa

cilit

atio

n.

MIV

A, R

&D

, M

oIA

20

13

Gov

ernm

ent.

2

Free

isla

nds s

uita

ble

for t

ouris

m

inve

stm

ents

id

entif

ied.

Nec

essa

ry in

fras

truct

ure

put i

nto

plac

e fo

r sm

all-s

cale

inve

stor

s to

inve

st in

out

er is

land

s and

ta

ilore

d in

vest

men

t pro

mot

ion

mea

sure

s, in

clud

ing

tax

holid

ays a

nd st

art-u

ps p

ut in

to

plac

e an

d m

ade

acce

ssib

le.

Expa

nsio

n of

tour

ism

to

oute

r-is

land

s and

incr

ease

in

empl

oym

ent a

nd re

venu

e.

(xiii

) The

Gov

ernm

ent s

hall

begi

n ag

gres

sive

inve

stm

ent

prom

otio

n ca

mpa

ign

targ

etin

g hi

gh‐e

nd re

sort

deve

lopm

ents

an

d in

vest

ors.

MIV

A, M

oF,

MIA

20

13

Gov

ernm

ent

1

Incr

ease

in h

igh-

end

inve

stm

ents

. Su

ffici

ent r

esou

rces

secu

red

for

targ

eted

pro

mot

ion

of h

igh-

end

and

envi

ronm

enta

lly fr

iend

ly

tour

ism

.

RM

I bec

omes

an

attra

ctiv

e to

uris

t des

tinat

ion,

attr

actin

g hi

gh-e

nd to

uris

ts. I

ncre

ased

ch

ance

s of h

avin

g so

me

area

s cl

assi

fied

by U

NES

CO

as

Wor

ld H

erita

ge S

ites.

(x

iv) G

over

nmen

t sha

ll re‐c

onsi

der t

ax h

olid

ay fo

r hot

el

and

rela

ted

inve

stor

s.

NTF

C, M

oF,

MIA

20

13

Gov

ernm

ent

1

Tax

holid

ay fo

r hot

el

inve

stm

ents

. In

crea

sed

num

ber o

f inv

esto

rs

in h

otel

inve

stm

ents

and

bet

ter

stan

dard

hot

el fa

cilit

ies f

or

tour

ists

.

mor

e in

vest

men

t in

the

tour

ism

indu

stry

and

mor

e jo

bs a

nd re

venu

e ge

nera

ted.

(xv)

The

Gov

ernm

ent s

hall

impr

ove

the

basi

c in

frast

ruct

ure

and

serv

ices

: airp

orts

, sea

por

ts,

road

s, te

leco

mm

unic

atio

ns,

wat

er, p

ower

and

sew

er.

T&C

, NTF

C,

MIA

20

15

Gov

ernm

ent,

Com

pact

, de

velo

pmen

t pa

rtner

s.

1

Impr

oved

in

frast

ruct

ure

serv

ices

Impr

oved

tour

ism

infra

stru

ctur

e.

RM

I has

bes

t inf

rast

ruct

ure

for t

ouris

m w

hich

hel

ps to

in

crea

se th

e nu

mbe

r of

tour

ists

and

the

jobs

and

re

venu

e ge

nera

ted.

(xvi

) MIV

A sh

all w

ork

with

the

Reg

istra

r of C

orpo

ratio

ns,

revi

ew a

nd c

omm

ent o

n fo

reig

n in

vest

men

t bus

ines

s lic

ense

ap

plic

atio

ns th

at p

ropo

se

tour

ism‐re

late

d in

vest

men

ts to

en

sure

that

pro

pose

d in

vest

men

ts m

eet t

he m

inim

um

stan

dard

s.

MIV

A,

Reg

iste

r of

Cor

pora

tions

, M

IA

2013

Gov

ernm

ent

1

Coo

pera

tion

betw

een

MIV

A a

nd R

egis

trar

of C

orpo

ratio

ns

stre

ngth

ened

.

Inve

stm

ents

of b

ette

r sta

ndar

d.

Impr

oved

coo

rdin

atio

n of

to

uris

m in

vest

men

ts to

ens

ure

that

the

min

imum

stan

dard

s se

t are

resp

ecte

d.

Page 20: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

19

Tra

de P

olic

y L

ead

Age

ncie

s R

espo

nsib

le

Tim

e Fr

ame

Pote

ntia

l Sou

rce

of F

undi

ng

Prio

rity

M

easu

rabl

e

Indi

cato

rs

Out

put

Out

com

es

(xvi

i) M

IVA

, im

mig

ratio

n,

labo

r and

EPP

SO sh

all w

ork

toge

ther

to im

prov

e to

uris

m

stat

istic

s.

MIV

A,

Imm

igra

tion,

La

bor,

EPPS

O,

MIA

, SPT

O

2013

Gov

ernm

ent,

IMF,

PFT

AC

, SP

C, S

PTO

1

Impr

oved

tour

ism

st

ats

Com

plet

e, a

ccur

ate

and

upda

ted

stat

istic

s mai

ntai

ned

be E

PPSO

an

d M

IVA

.

Easy

to a

sses

s the

pot

entia

ls

of th

e to

uris

m se

ctor

and

eac

h co

mpo

nent

of t

he se

ctor

and

av

aila

bilit

y of

dis

aggr

egat

ed

data

to e

nabl

e th

e go

vern

men

ts a

sses

s the

co

ntrib

utio

n of

tour

ism

to th

e ec

onom

y.

(x

viii)

The

Airp

ort A

utho

rity

shal

l allo

w M

IVA

to c

ondu

ct

exits

surv

eys a

t the

airp

ort.

MIV

A, P

ort

Aut

horit

y,

T&C

, MIA

2013

Gov

ernm

ent

1

Exit

surv

eys a

llow

ed

at th

e ai

rpor

t. M

IVA

kee

ps tr

ack

reco

rd o

f the

nu

mbe

r and

type

of v

isito

rs

ente

ring

and

exiti

ng.

Gov

ernm

ent h

as a

ccur

ate

stat

s on

tour

ism

and

relia

ble

feed

back

from

tour

ists

to

enab

le th

e in

dust

ry to

im

prov

e th

e se

rvic

es.

(x

ix) I

mpo

rt pr

oced

ures

shal

l be

stre

amlin

ed to

avo

id a

situ

atio

n w

here

one

has

to g

o th

roug

h m

any

offic

es to

impo

rt go

ods

(sin

gle

win

dow

).

MoF

, R&

D,

MoH

, MIA

20

15

Gov

ernm

ent,

OC

O,

Dev

elop

men

t pa

rtner

s.

3

Impr

oved

trad

e fa

cilit

atio

n an

d re

duct

ion

in c

osts

an

d de

lays

at t

he

bord

er.

Law

/regu

latio

n cr

eatin

g a

'sing

le

win

dow

' for

cus

tom

s cle

aran

ce

put i

nto

plac

e an

d w

idel

y pu

blic

ized

and

leng

th o

f tim

e re

quire

d fo

r cus

tom

s cle

aran

ce

shor

tene

d.

Doi

ng b

usin

ess m

ade

easy

for

fore

igne

rs a

nd im

port/

expo

rt op

erat

ors;

attr

activ

e cl

imat

e fo

r for

eign

vis

itors

and

WB

Ea

se o

f Doi

ng B

usin

ess

rank

ing

impr

oved

.

(xx)

The

Gov

ernm

ent s

hall

prov

ide

adeq

uate

mar

ketin

g fu

nds t

o M

IVA

in a

con

sist

ent

man

ner.

This

shal

l be

seen

as a

n in

vest

men

t and

not

a lo

ss to

the

Gov

ernm

ent.

R&

D, M

oF,

Cab

inet

, MIA

20

13

Gov

ernm

ent,

deve

lopm

ent

partn

ers.

1

At l

east

$50

0 00

0 al

loca

ted

to M

IVA

fo

r tou

rism

m

arke

ting

annu

ally

.

Incr

ease

d nu

mbe

r of

Mar

shal

lese

trai

ned

in to

uris

m

mar

ketin

g an

d to

uris

m in

dust

ry

as a

who

le; M

IVA

staf

fed

by

skill

ed p

erso

ns c

apab

le o

f m

arke

ting

RM

I's to

uris

m

pote

ntia

ls;

MIV

A m

arke

ting

RM

I on

the

inte

rnet

, for

eign

TV

an

d ra

dio

and

RM

I mar

kete

d at

pr

omin

ent t

rade

show

s in

Euro

pe, A

sia

and

USA

.

Ther

e is

con

sist

ent a

nd

effic

ient

mar

ketin

g to

in

crea

se th

e nu

mbe

r of

visi

tors

to R

MI a

nd g

ener

ate

empl

oym

ent a

nd re

venu

e.

(xxi

) Mor

e ef

fort

shal

l be

put o

n pr

oduc

t dev

elop

men

t, be

caus

e if

you

cann

ot d

ive

or fi

sh th

ere

is

very

littl

e to

do.

MIV

A,

tour

ism

in

dust

ry,

MIA

2015

tour

ism

indu

stry

, go

vern

men

t 2

Prod

uct

dive

rsifi

catio

n.

Ava

ilabi

lity

of d

iver

se p

rodu

cts

for t

ouris

ts; i

ncre

ased

num

ber o

f to

uris

ts.

Mor

e ac

tiviti

es fo

r tou

rists

an

d m

ore

mon

ey sp

ent i

n R

MI b

y to

uris

ts.

Page 21: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

20

Tra

de P

olic

y L

ead

Age

ncie

s R

espo

nsib

le

Tim

e Fr

ame

Pote

ntia

l Sou

rce

of F

undi

ng

Prio

rity

M

easu

rabl

e

Indi

cato

rs

Out

put

Out

com

es

(xxi

i) En

forc

e en

viro

nmen

t law

s (w

aste

man

agem

ent)

to e

nsur

e th

at th

e pu

blic

pla

ces a

re w

ell

mai

ntai

ned.

EPA

, MIV

A,

MIA

20

13

Gov

ernm

ent

1 N

umbe

r of

envi

ronm

enta

l law

s ad

opte

d/en

forc

ed.

Goo

d w

aste

man

agem

ent w

ith

clea

n an

d at

tract

ive

envi

ronm

ent

with

no

litte

ring,

cle

an,

upgr

aded

and

bea

utifi

ed p

ublic

fa

cilit

ies (

airp

orts

, roa

ds, o

ther

pu

blic

pla

ces)

.

Cle

an a

nd h

ealth

y en

viro

nmen

t con

duci

ve fo

r at

tract

ing

tour

ists

.

(xxi

ii) R

MI s

hall

adop

t in

tern

atio

nal h

otel

stan

dard

s. M

IVA

, hot

el

indu

stry

, M

IA

2015

Gov

ernm

ent,

deve

lopm

ent

partn

ers,

tour

ism

in

dust

ry.

3

Inte

rnat

iona

l hot

el

stan

dard

s. G

ood

qual

ity ro

oms a

nd

stan

dard

ized

serv

ices

offe

red

to

visi

tors

; wel

l tra

ined

staf

f em

ploy

ed in

hot

el

esta

blis

hmen

ts a

nd g

ood

qual

ity

and

dive

rsifi

ed c

uisi

ne.

RM

I tou

rism

serv

ices

mee

t in

tern

atio

nal s

tand

ards

.

(xxi

v) T

echn

ical

and

fina

ncia

l as

sist

ance

shal

l be

prov

ided

to

prom

ote

exis

ting

stre

ngth

s in

tour

ism

reso

urce

s and

link

it to

va

rious

loca

l agr

icul

tura

l and

fis

herie

s pro

duct

s.

R&

D,

Indu

stry

, M

IA

2015

Gov

ernm

ent,

deve

lopm

ent

partn

ers.

3

Link

ages

bet

wee

n to

uris

m a

nd o

ther

se

ctor

s dev

elop

ed.

Cro

ss-b

enef

its fr

om a

via

ble

tour

ism

sect

or in

agr

icul

ture

and

fis

herie

s sec

tors

.

Inte

rdep

ende

nce

of k

ey

sect

ors o

f the

eco

nom

y an

d ha

rmon

ious

and

sust

aine

d de

velo

pmen

t and

gro

wth

.

(xxv

) RM

I sha

ll pr

omot

e hi

gh

end,

low

impa

ct to

uris

m a

nd p

ut

adeq

uate

regu

lato

ry m

easu

res i

n pl

ace

to p

rote

ct th

e en

viro

nmen

t an

d en

cour

age

sust

aina

ble

tour

ism

.

MIV

A, E

PA,

MIA

20

15

Gov

ernm

ent

1

Num

ber o

f EIA

co

nduc

ted.

Q

ualit

y an

d en

viro

nmen

tally

fri

endl

y to

uris

m p

rodu

cts o

n of

fer.

Envi

ronm

enta

lly su

stai

nabl

e to

uris

m a

nd d

evel

opm

ent

M

erch

andi

se T

rade

RM

I sha

ll pr

ovid

e th

e ne

cess

ary

infr

astr

uctu

re a

nd

reso

urce

s to

addr

ess p

rodu

ctio

n an

d su

pply

-sid

e co

nstra

ints

to

enha

nce

the

capa

city

of t

he

priv

ate

sect

or to

pro

duce

qu

ality

goo

ds in

a c

onsi

sten

t m

anne

r bot

h fo

r the

loca

l and

ex

port

mar

ket.

R&

D, N

TFC

, pr

ivat

e se

ctor

.

2015

Gov

ernm

ent,

deve

lopm

ent

partn

ers,

priv

ate

sect

or.

1

Incr

ease

in p

rivat

e se

ctor

pro

duct

ion

capa

city

bot

h fo

r the

lo

cal a

nd e

xpor

t m

arke

t.

Ass

ista

nce

secu

red

to b

uild

in

frast

ruct

ure

and

impr

ove

prod

uctio

n ca

paci

ty a

nd th

e ca

paci

ty o

f the

priv

ate

sect

or to

pr

oduc

e go

ods e

nhan

ced.

Trad

e-re

late

d in

frast

ruct

ure

put i

n pl

ace

and

the

supp

ly-

side

con

stra

ints

add

ress

ed

ther

eby

enha

ncin

g th

e ca

paci

ty o

f the

priv

ate

sect

or

to p

rodu

ce g

oods

co

mpe

titiv

ely.

Page 22: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

21

Tra

de P

olic

y L

ead

Age

ncie

s R

espo

nsib

le

Tim

e Fr

ame

Pote

ntia

l Sou

rce

of F

undi

ng

Prio

rity

M

easu

rabl

e

Indi

cato

rs

Out

put

Out

com

es

(i) R

MI s

hall

build

its c

apac

ity

to p

rodu

ce fo

od p

rodu

cts a

nd

othe

r pro

duct

s in

orde

r to

redu

ce

the

impo

rt bi

ll an

d pr

omot

e ex

ports

, whe

re fe

asib

le.

R&

D, N

TFC

, Fa

rmer

s 20

15

Farm

ers,

Gov

ernm

ent,

Dev

elop

men

t pa

rtner

s.

1

Qua

ntity

/val

ue o

f fo

od im

ports

vis

-a-

vis l

ocal

pro

duct

ion.

Ava

ilabi

lity

of lo

cally

pro

duce

d fo

od o

n th

e do

mes

tic m

arke

t an

d fo

r exp

ort.

RM

I's c

apac

ity to

pro

duce

fo

od p

rodu

cts a

nd o

ther

pr

oduc

ts in

crea

ses a

nd

expo

rts o

f nic

he p

rodu

cts

impr

oves

ther

eby

enha

ncin

g th

e ca

paci

ty to

supp

ly lo

cal

and

heal

thy

food

s whi

le

earn

ing

inco

me

from

nic

he

expo

rts.

(ii

) RM

I sha

ll w

ork

with

SPC

an

d ot

her r

egio

nal o

rgan

izat

ions

to

impr

ove

the

sani

tary

and

ph

ytos

anita

ry m

easu

res (

SPS)

an

d te

chni

cal b

arrie

rs to

trad

e (T

BT)

law

s to

prot

ect R

MI

agai

nst u

nsaf

e im

ports

and

en

sure

that

RM

I's e

xpor

ts m

eet

the

expo

rt re

quire

men

ts.

R&

D,

MIM

RA

, N

TFC

2011

PIFS

, SPC

, D

evel

opm

ent

Partn

ers,

FAO

1

RM

I ado

pts/

im

plem

ents

SPS

and

TB

T la

ws a

nd R

MI

impr

oves

its

mea

sure

s to

prot

ect

cons

umer

s fro

m

unsa

fe p

rodu

cts a

nd

enha

nce

the

capa

city

to

com

ply

with

ex

port

requ

irem

ents

.

All

law

s rel

atin

g to

food

impo

rts

and

expo

rts re

view

ed a

nd

stre

ngth

ened

or e

nact

ed a

nd

RM

I Com

pete

nt A

utho

rity

for

expo

rting

fish

erie

s pro

duct

s to

the

EU e

stab

lishe

d an

d ce

rtifie

d.

RM

I's c

apac

ity to

dea

l with

fo

od sa

fety

and

com

ply

with

SP

S an

d TB

T re

quire

men

ts

enha

nced

to e

nabl

e co

nsum

ers t

o ha

ve sa

fe fo

od

prod

ucts

as w

ell a

s ass

istin

g ex

porte

rs to

com

ply

with

ex

port

requ

irem

ents

.

(iii)

The

gove

rnm

ent s

hall

iden

tify

dom

estic

mea

sure

s and

po

licie

s to

boos

t pro

duct

ion

capa

city

, pro

tect

sens

itive

se

ctor

s, en

hanc

e tra

nspa

renc

y on

subs

idie

s and

ens

ure

that

the

subs

idie

s are

targ

eted

; tim

e bo

und

and

do n

ot d

isto

rt re

sour

ce a

lloca

tion

and

hind

er

parti

cipa

tion

of th

e pr

ivat

e se

ctor

in th

e ec

onom

y.

R&

D, M

oF,

T&C

, NTF

C

2015

AD

B,

Gov

ernm

ent,

Dev

elop

men

t pa

rtner

s.

1

Incr

ease

in lo

cal

prod

uctio

n ca

paci

ty,

list o

f sen

sitiv

e pr

oduc

ts id

entif

ied,

di

scip

lines

on

subs

idie

s dev

elop

ed

to e

nsur

e th

at th

ey

are

targ

eted

and

tim

e-bo

und.

Vol

ume

of lo

cal p

rodu

ctio

n ca

paci

ty, c

redi

ble

list o

f se

nsiti

ve p

rodu

cts,

trans

pare

nt

and

effe

ctiv

e di

scip

lines

on

subs

idie

s.

RM

I's c

apac

ity to

pro

duce

pr

oduc

ts in

key

sect

ors

enha

nced

, a c

redi

ble

list o

f se

nsiti

ve p

rodu

cts i

dent

ified

an

d ag

reed

, sub

sidie

s use

d in

an

effe

ctiv

e an

d tra

nspa

rent

m

anne

r.

(iv) R

MI s

hall

refo

rm it

s cu

stom

s law

s to

sim

plify

, ha

rmon

ize

and

stre

amlin

e im

port

and

expo

rt pr

oced

ures

to

faci

litat

e th

e m

ovem

ent o

f go

ods.

MoF

, NTF

C,

R&

D

2015

Gov

ernm

ent,

OC

O,

Dev

elop

men

t pa

rtner

s, PI

FS,

EDF

10.

1

Red

uctio

n in

cle

arin

g co

sts a

nd ti

me

take

n to

cle

ar g

oods

bas

ed

on W

orld

Ban

k R

epor

t.

Ado

ptio

n of

com

preh

ensi

ve

Cus

tom

s Act

bas

ed o

n W

CO

st

anda

rds,

incl

udin

g im

plem

enta

tion

of th

e 20

12 H

S,

crea

tion

of a

sing

le w

indo

w fo

r cu

stom

s cle

aran

ce, s

impl

ified

an

d cl

arifi

ed p

ort h

andl

ing,

in

clud

ing

stev

edor

ing

regu

latio

ns a

nd o

pera

tions

, and

pu

blic

atio

n of

cus

tom

s law

s.

Red

uctio

n of

red

tape

and

co

sts o

f im

porti

ng a

nd

expo

rting

goo

ds w

hich

sh

ould

cur

b co

rrupt

ion

and

smug

glin

g of

goo

ds a

nd

impr

ove

reve

nue

colle

ctio

n an

d th

e ov

eral

l bus

ines

s en

viro

nmen

t.

Page 23: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

22

Tra

de P

olic

y L

ead

Age

ncie

s R

espo

nsib

le

Tim

e Fr

ame

Pote

ntia

l Sou

rce

of F

undi

ng

Prio

rity

M

easu

rabl

e

Indi

cato

rs

Out

put

Out

com

es

(v) R

MI n

eeds

to d

evel

op a

co

mpr

ehen

sive

exp

ort s

trate

gy

and

adop

t mea

sure

s tha

t will

fa

cilit

ate

expo

rts. T

he p

rivat

e se

ctor

shal

l be

supp

orte

d to

fo

cus o

n ad

ding

val

ue to

fis

herie

s pro

duct

s, co

conu

t pr

oduc

ts, n

oni a

nd h

andi

craf

t.

NTF

C, R

&D

, H

andi

craf

t A

ssoc

iatio

n

2015

PIFS

, UN

DP,

D

evel

opm

ent

partn

ers.

1

Expo

rt St

rate

gy.

Pro

duct

s with

exp

ort p

oten

tials

an

d th

ose

that

can

be

prod

uced

lo

cally

and

with

pot

entia

l to

be

subs

titut

ed fo

r im

ports

id

entif

ied;

ass

ista

nce

prov

ided

fo

r tec

hnic

al a

gric

ultu

ral

rese

arch

and

dev

elop

men

t for

ke

y pr

oduc

ts w

ith e

xpor

t po

tent

ial.

Leg

isla

tions

and

m

echa

nism

s put

in p

lace

to

impo

se p

rote

ctiv

e/co

ntin

genc

y m

easu

res (

safe

guar

ds, a

nti-

dum

ping

mea

sure

s and

SC

M).

Empl

oym

ent c

reat

ed a

nd

econ

omic

dev

elop

men

t ac

hiev

ed

(vi)

RM

I sha

ll ta

ke m

easu

res t

o as

sist

the

priv

ate

sect

or to

fully

ut

ilize

the

exis

ting

mar

ket

acce

ss a

nd to

div

ersi

fy in

to

othe

r mar

kets

.

NTF

C, R

&D

, pr

ivat

e se

ctor

20

15

Gov

ernm

ent,

Dev

elop

men

t pa

rtner

s.

1

Incr

ease

in

pref

eren

ce u

tiliz

atio

n an

d nu

mbe

r/val

ue o

f ex

ports

.

Mea

sure

s tak

en b

y th

e go

vern

men

t to

incr

ease

exp

orts

, in

clud

ing

adop

tion

of a

n ex

port

stra

tegy

to in

crea

se p

refe

renc

e ut

iliza

tion.

Incr

ease

in o

vera

ll ex

ports

an

d di

vers

ifica

tion

of

prod

ucts

and

mar

kets

.

(vii)

RM

I sha

ll es

tabl

ish a

vi

bran

t tra

de w

ebsi

te th

at w

ill

prov

ide

rele

vant

info

rmat

ion

to

trade

rs a

nd in

vest

ors.

R&

D, N

TFC

20

13

Gov

ernm

ent,

Dev

elop

men

t pa

rtner

s.

2

Effe

ctiv

e tra

de a

nd

inve

stm

ent w

ebsi

te.

Info

rmat

ion

on R

MI's

trad

e an

d in

vest

men

t law

s pub

lishe

d on

th

e w

ebsi

te.

Acc

ess t

o tra

de a

nd

inve

stm

ent i

nfor

mat

ion

impr

oved

.

(viii

) The

Gov

ernm

ent s

hall

prio

ritiz

e hu

man

reso

urce

s de

velo

pmen

t and

dev

elop

skill

s th

at a

re n

eede

d to

enh

ance

trad

e in

agr

icul

ture

, fis

herie

s, to

uris

m,

man

ufac

turin

g an

d ha

ndic

raft.

NTC

, CO

MI,

MoE

20

15

US,

Com

pact

, G

over

nmen

t 1

Impr

ovem

ent i

n sk

ill-c

apac

ity fo

r ag

ric, f

ishe

ries,

tour

ism

etc

Fund

s sec

ured

to d

evel

op

hum

an re

sour

ces/

skill

s req

uire

d in

var

ious

sect

ors,

wor

k on

im

prov

ing

or st

reng

then

ing

voca

tiona

l ski

lls c

omm

ence

s.

RM

I has

ade

quat

e hu

man

re

sour

ces/

skill

s req

uire

d to

co

ntrib

ute

to tr

ade

and

econ

omic

dev

elop

men

t.

(ix) R

MI s

hall

adop

t the

le

gisl

atio

n to

impl

emen

t the

la

test

Har

mon

ized

Sys

tem

, m

oder

n cu

stom

s aut

omat

ion

syst

em a

nd a

cus

tom

s val

uatio

n sy

stem

that

is fu

lly c

ompa

tible

w

ith th

e W

orld

Cus

tom

s O

rgan

izat

ion

(WC

O) r

ules

to

enab

le R

MI t

o ga

ther

the

late

st

trade

dat

a (d

isag

greg

ated

by

tarif

f lin

e an

d tra

ding

par

tner

, qu

antit

y, a

nd im

port

duty

) for

th

e re

cent

thre

e ye

ars.

MoF

, R&

D,

2014

MoF

, PIF

S, O

CO

1

Full

2007

HS

and

disa

ggre

gate

d tra

de

data

Trad

e da

ta fo

r 200

8 to

201

0 ga

ther

ed fr

om h

ard

copi

es a

nd

conv

erte

d to

exc

el fo

rmat

and

cu

rren

t mod

e of

ent

ry o

f cu

stom

s dec

lara

tion

phas

ed o

ut

and

repl

aced

by

elec

troni

c sy

stem

usi

ng m

oder

n so

ftwar

e,

HS

2007

/201

2 im

plem

ente

d.

RM

I ado

pts t

he la

test

HS

syst

em a

nd a

dopt

s mod

ern

and

relia

ble

softw

are

that

is

used

to g

athe

r cre

dibl

e tra

de

stat

istic

s.

Page 24: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

23

Tra

de P

olic

y L

ead

Age

ncie

s R

espo

nsib

le

Tim

e Fr

ame

Pote

ntia

l Sou

rce

of F

undi

ng

Prio

rity

M

easu

rabl

e

Indi

cato

rs

Out

put

Out

com

es

(x) R

MI s

hall

amen

d th

e cu

stom

s leg

isla

tion

to re

quire

ex

porte

rs to

com

plet

e ex

port

decl

arat

ions

for s

tatis

tical

pu

rpos

es.

MoF

20

14

Gov

ernm

ent

2

Expo

rt de

clar

atio

n.

Cus

tom

s reg

ulat

ions

am

ende

d to

in

clud

e re

quire

men

t for

exp

ort

decl

arat

ion.

RM

I has

acc

urat

e an

d re

liabl

e ex

port

stat

istic

s.

(xi)

In th

e in

terim

, RM

I sha

ll in

trodu

ce a

regu

latio

n re

quiri

ng

impo

rters

to su

bmit

thei

r tra

de

data

in e

lect

roni

c fo

rmat

, pe

ndin

g th

e in

trodu

ctio

n of

an

auto

mat

ed sy

stem

.

MoF

20

12

Gov

ernm

ent

Im

port

data

in

elec

troni

c fo

rmat

Im

prov

ed h

andl

ing

of fi

les a

nd

accu

racy

in th

e ca

ptur

ing

and

stor

age

of im

port

data

.

Rel

iabl

e di

sagg

rega

ted

impo

rt da

taba

se a

nd b

ette

r re

venu

e co

llect

ion

stat

istic

s

(xii)

The

Gov

ernm

ent s

hall

prom

ote

re-p

lant

ing

and

cons

erva

tion

of re

sour

ces t

hat

are

used

for p

rodu

cing

ha

ndic

raft

and

prov

ide

all t

he

nece

ssar

y su

ppor

t to

mar

ket

hand

icra

ft pr

oduc

ts.

R&

D,

hand

icra

ft

2015

UN

DP,

G

over

nmen

t, FA

O

1

Num

ber o

f ac

res/

plan

ts p

lant

ed

and

valu

e of

ha

ndic

rafts

pro

duce

d an

d ex

porte

d.

Num

ber o

f pla

nts p

lant

ed, a

nd

incr

ease

in n

umbe

r of h

andi

craf

t pr

oduc

ts.

Sust

aina

ble

expo

rts o

f ha

ndic

rafts

.

R

MI'

s Inv

estm

ent R

egim

e

RM

I sha

ll re

form

its

inve

stm

ent l

aws t

o cr

eate

a

good

inve

stmen

t clim

ate

and

redu

ce th

e co

st o

f doi

ng

busi

ness

.

R&

D, M

oF,

NTF

C

2013

IFC

, AD

B,

Com

pact

1

Inve

stm

ent l

aws

refo

rmed

, tra

nspa

rent

an

d in

vest

men

t fri

endl

y la

ws a

nd

low

cos

t of d

oing

bu

sine

ss a

s mea

sure

d by

the

Wor

ld B

ank

Rep

ort.

NIP

S re

view

ed a

nd si

mpl

ified

, In

vest

men

t law

s stre

amlin

ed

and

mad

e ac

cess

ible

, law

s re

latin

g to

regi

stra

tion

of

land

/pro

perty

revi

ewed

, acc

ess

to c

redi

t fac

ilita

ted,

pro

tect

ion

of fo

reig

n in

vest

ors/

inve

stm

ents

im

prov

ed, p

roce

dure

s for

cl

osin

g a

busi

ness

stre

amlin

ed,

sim

plifi

ed a

nd le

ss c

ostly

EIA

pr

oced

ures

.

Tran

spar

ent a

nd in

vest

or

frien

dly

law

s whi

ch le

ad to

a

redu

ctio

n in

the

cost

of d

oing

bu

sine

ss a

nd in

crea

se in

long

-te

rm a

nd su

stai

nabl

e in

vest

men

ts w

hich

con

tribu

te

to jo

b cr

eatio

n an

d su

stai

nabl

e ec

onom

ic g

row

th

and

deve

lopm

ent.

(i) R

MI s

hall

adop

t the

re

com

men

datio

ns th

at a

re

cont

aine

d in

the

Wor

ld B

ank

Rep

ort o

n th

e Ea

se o

f Doi

ng

Bus

ines

s and

use

them

to m

ake

the

nece

ssar

y re

form

s.

NTF

C, R

&D

20

15

Wor

ld B

ank

(IFC

) 1

Impr

ove

its ra

nkin

g fro

m #

98/

183

to th

e to

p 30

.

RM

I tra

de a

nd in

vest

men

t law

s an

d re

gula

tions

refo

rmed

. R

MI c

ost o

f doi

ng b

usin

ess

decr

ease

s and

its r

anki

ng in

th

e W

B R

epor

t on

the

ease

of

doin

g bu

sines

s im

prov

es a

nd

RM

I is a

ble

to a

ttrac

t su

stai

nabl

e fo

reig

n in

vest

men

t.

Page 25: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

24

Tra

de P

olic

y L

ead

Age

ncie

s R

espo

nsib

le

Tim

e Fr

ame

Pote

ntia

l Sou

rce

of F

undi

ng

Prio

rity

M

easu

rabl

e

Indi

cato

rs

Out

put

Out

com

es

(ii)

The

Gov

ernm

ent s

hall

refo

rm it

s lab

or a

nd

imm

igra

tion

law

s to

mak

e th

em

mor

e tra

nspa

rent

, frie

ndlie

r to

fore

ign

inve

stm

ent.

NTF

C, R

&D

, M

oFA

, AG

20

14

Gov

ernm

ent,

ILO

1

labo

r and

im

mig

ratio

n la

ws

refo

rmed

Labo

r and

imm

igra

tion

law

s re

form

ed a

nd m

ade

frien

dly

to

inve

stm

ent.

Impr

oved

labo

r and

im

mig

ratio

n la

ws w

hich

pr

omot

e tra

de a

nd in

vest

men

t bu

t pro

tect

the

inte

rest

s of

RM

I at t

he sa

me

time.

(iii)

RM

I sha

ll m

onito

r wha

t ot

her c

ount

ries i

nclu

ding

thos

e in

the

Paci

fic a

re d

oing

in te

rms

of in

vest

men

t ref

orm

s and

use

th

e be

st p

ract

ices

to re

form

its

law

s.

R&

D, N

TFC

20

14

Gov

ernm

ent,

PIFS

, IFC

1

Inve

stm

ent l

aws

refo

rmed

. B

est p

ract

ices

ado

pted

and

re

fined

. In

crea

se in

num

ber a

nd

qual

ity o

f inv

estm

ents

(iv) R

MI s

hall

gath

er

disa

ggre

gate

d st

atis

tics o

n an

nual

fore

ign

inve

stm

ent b

y ye

ar, o

rigin

, sec

tor,

and

equi

ty

com

posi

tion.

R&

D,

EPPS

O

2013

Gov

ernm

ent,

IMF,

PFT

AC

2

Com

plet

e st

ats o

n fo

reig

n in

vest

men

t. C

onci

se a

nd u

pdat

ed st

atis

tical

da

ta o

n fo

reig

n in

vest

men

t m

aint

aine

d by

EPP

SO.

Acc

urat

e an

d re

liabl

e da

ta o

n fo

reig

n in

vest

men

t use

d to

as

sess

the

cont

ribut

ion

of

fore

ign

inve

stm

ent t

o th

e R

MI e

cono

my.

(v)

RM

I sha

ll re

view

its

rese

rve

list t

o en

sure

that

it

refle

cts t

he n

atur

e of

the

RM

I ec

onom

y an

d on

ly re

serv

e th

ose

activ

ities

whe

re M

arsh

alle

se

have

cap

acity

to p

artic

ipat

e in

.

R&

D, M

oF,

NTF

C

2013

Gov

ernm

ent

1

New

rese

rve

list.

RM

I ado

pts a

pra

gmat

ic a

nd

cred

ible

rese

rve

list.

RM

I lib

eral

izes

its

inve

stm

ent r

egim

e w

hile

pr

otec

ting

only

a fe

w

iden

tifie

d se

ctor

s whe

re th

e lo

cal i

nves

tors

hav

e ca

paci

ty

to in

vest

in.

(vi)

RM

I sha

ll cr

eate

a o

ne st

op

shop

for i

nves

tmen

t M

oF, R

&D

20

15

Gov

ernm

ent,

deve

lopm

ent

partn

ers

1

RM

I est

ablis

hes a

on

e st

op in

vest

men

t O

ffice

.

All

info

rmat

ion

for p

oten

tial

inve

stor

s pos

ted

at o

ne st

op

offic

e an

d pr

oced

ures

for

crea

ting

busi

ness

shor

tene

d an

d si

mpl

ified

.

Red

tap

on th

e fo

reig

n in

vest

men

t app

rova

l pro

cess

re

duce

d, in

vest

men

t clim

ate

impr

oves

and

val

ue a

nd

qual

ity o

f inv

estm

ent

impr

oves

.

T

rade

in S

ervi

ces

R

MI s

hall

impr

ove

the

basi

c se

rvic

es th

at a

re re

quir

ed to

pr

oduc

e co

mpe

titiv

e go

ods a

nd

serv

ices

and

libe

raliz

e th

ose

sect

ors w

here

RM

I doe

s not

ha

ve lo

cal c

apac

ity.

NTF

C, R

&D

, re

leva

nt

min

istri

es.

2012

PIFS

. 1

Impr

oved

in

frast

ruct

ure

serv

ices

and

libe

ral

trade

in se

rvic

es

regi

me.

Key

infra

stru

ctur

e se

rvic

es su

ch

as tr

ansp

orta

tion,

te

leco

mm

unic

atio

n, e

nerg

y,

wat

er, p

orts

and

dis

tribu

tion

faci

litie

s im

prov

ed a

nd/o

r lib

eral

ized

.

Bas

ic in

frast

ruct

ural

serv

ices

im

prov

ed a

nd R

MI

unde

rtake

s sub

stan

tial

liber

aliz

atio

n of

trad

e in

se

rvic

es to

redu

ce th

e co

sts o

f do

ing

busin

ess a

nd im

prov

e co

mpe

titiv

enes

s.

Page 26: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

25

Tra

de P

olic

y L

ead

Age

ncie

s R

espo

nsib

le

Tim

e Fr

ame

Pote

ntia

l Sou

rce

of F

undi

ng

Prio

rity

M

easu

rabl

e

Indi

cato

rs

Out

put

Out

com

es

(i) R

MI s

hall

revi

ew it

s tra

de-

rela

ted

law

s and

ens

ure

that

th

ere

are

adeq

uate

regu

latio

ns

befo

re tr

ade

in se

rvic

es is

lib

eral

ized

.

NTF

C

2013

PIFS

, D

evel

opm

ent

Partn

ers.

1

Ade

quat

e re

gula

tions

in

trodu

ced

befo

re

liber

aliz

atio

n.

Ade

quat

e do

mes

tic la

ws o

n tra

de in

serv

ices

incl

udin

g tra

nspo

rtatio

n, a

nd p

ort s

ervi

ces,

as w

ell a

s tel

ecom

mun

icat

ions

(p

artic

ular

ly m

obile

), to

uris

m,

busi

ness

, fin

anci

al a

nd

envi

ronm

enta

l ser

vice

s;

busi

ness

serv

ices

, inc

ludi

ng

prof

essi

onal

serv

ices

ena

cted

an

d a

cred

ible

fore

ign

qual

ifica

tion

verif

icat

ion

syst

em

inst

itute

d.

Ade

quat

e la

ws a

nd

regu

latio

ns in

trodu

ced

to

regu

late

trad

e in

serv

ices

be

fore

the

key

sect

ors a

re

fully

libe

raliz

ed to

ena

ble

RM

I to

min

imiz

e th

e ne

gativ

e im

pact

s of s

ervi

ces

liber

aliz

atio

n an

d m

axim

ize

the

bene

fits f

rom

serv

ices

lib

eral

izat

ion.

(ii) R

MI s

hall

cons

ider

lib

eral

izin

g tra

de in

serv

ices

and

m

akin

g co

mm

itmen

ts o

n to

uris

m, t

rans

porta

tion

incl

udin

g do

mes

tic a

ir tra

nspo

rtatio

n, se

rvic

es p

rovi

ded

by p

ort a

utho

ritie

s, te

leco

mm

unic

atio

n es

peci

ally

th

e m

obile

and

inte

rnet

sect

or,

busi

ness

serv

ices

and

en

viro

nmen

tal s

ervi

ces.

NTF

C,

MIV

A, T

&C

, N

TA, E

PA

2013

PIFS

1

Com

mitm

ents

mad

e in

trad

e ag

reem

ents

on

tour

ism

, tra

nspo

rtatio

n,

tele

com

mun

icat

ion,

bu

sine

ss a

nd

envi

ronm

enta

l se

rvic

es.

RM

I has

und

erta

ken

com

mitm

ents

in tr

ade

agre

emen

ts in

clud

ing

PIC

TA

TIS.

RM

I lib

eral

izes

trad

e in

se

rvic

es a

nd u

nder

take

s co

mm

itmen

ts u

nder

trad

e ag

reem

ents

.

(iii)

The

Gov

ernm

ent s

hall

secu

re a

nd a

lloca

te su

ffici

ent

reso

urce

s on

educ

atio

n an

d vo

catio

nal t

rain

ing

to p

rodu

ce

the

rele

vant

skill

s tha

t are

ne

eded

to d

evel

op th

e ec

onom

y an

d to

fully

util

ize

the

labo

r m

arke

t acc

ess t

hat R

MI h

as w

ith

the

US

as w

ell a

s oth

er m

arke

ts.

MoE

, R&

D,

MoF

A, N

TC,

CO

MI

2015

C

ompa

ct, A

DB

, de

velo

pmen

t pa

rtner

s.

1

Num

ber o

f ski

lled

peop

le e

mpl

oyed

lo

cally

and

abr

oad.

Fund

ing

secu

red

to st

reng

then

ed

ucat

ion/

voca

tiona

l ins

titut

ions

an

d pr

oduc

e sk

ills t

hat a

re

requ

ired

loca

lly a

nd a

broa

d.

Impr

ovem

ent i

n th

e nu

mbe

r an

d qu

ality

of l

ocal

skill

s av

aila

ble

in R

MI,

cont

ribut

ion

to e

cono

mic

de

velo

pmen

t and

full

utili

zatio

n of

labo

r mar

kets

ab

road

and

incr

ease

in

rem

ittan

ces t

o R

MI.

(iv)

RM

I sha

ll co

nsid

er g

ivin

g th

ree

year

wor

k pe

rmits

to

man

ager

s, sp

ecia

lists

as w

ell a

s ot

her s

kille

d w

orke

rs ra

ther

than

re

quiri

ng th

em to

rene

w th

e pe

rmit

on a

nnua

l bas

is.

The

perm

its a

nd a

lien

regi

stra

tion

card

s for

non

-res

iden

t wor

kers

ne

ed to

be

stre

amlin

ed a

nd b

e re

new

ed a

fter t

hree

yea

rs ra

ther

th

an b

eing

rene

wed

ann

ually

.

Imm

igra

tion,

La

bor,

R&

D,

NTF

C

2013

Gov

ernm

ent

1

Dur

atio

n of

wor

k pe

rmits

ext

ende

d to

3

year

s for

skill

ed

peop

le a

nd p

erm

its

and

alie

n re

gist

ratio

n ca

rds r

enew

ed e

very

3

year

s.

Labo

r and

imm

igra

tion

law

s re

view

ed a

nd a

men

ded

to

prov

ide

perm

its fo

r ski

lled

wor

kers

to b

e ex

tend

ed to

3

year

s and

per

mits

and

re

gist

ratio

n ca

rds t

o be

rene

wed

ev

ery

3 ye

ars.

RM

I's la

bor a

nd im

mig

ratio

n la

ws r

efor

med

and

alig

ned

to

inte

rnat

iona

l bes

t pra

ctic

es to

al

low

free

mov

emen

t of

labo

r, se

rvic

es a

nd

inve

stm

ent.

Page 27: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

26

Tra

de P

olic

y L

ead

Age

ncie

s R

espo

nsib

le

Tim

e Fr

ame

Pote

ntia

l Sou

rce

of F

undi

ng

Prio

rity

M

easu

rabl

e

Indi

cato

rs

Out

put

Out

com

es

(v) T

he G

over

nmen

t sha

ll re

view

the

rese

rve

list a

nd

iden

tify

the

activ

ities

that

shal

l be

rese

rved

for t

he lo

cal c

itize

ns

espe

cial

ly b

oat c

harte

ring,

tour

gu

ides

, cha

rter b

oats

, bed

and

br

eakf

ast a

nd c

lose

loop

hole

s on

land

tran

spor

tatio

n as

wel

l as

who

lesa

le a

nd re

tail.

R&

D, M

IVA

, N

TFC

, MoF

20

13

Gov

ernm

ent,

PIFS

1

Rev

ised

rese

rve

list

and

loop

hole

s in

the

syst

em c

lose

d.

Rev

ised

For

eign

inve

stm

ent

law

s/re

gula

tions

with

cre

dibl

e an

d pr

agm

atic

rese

rve

list

and

loop

hole

s in

the

syst

em

elim

inat

ed.

Trad

e in

serv

ices

fully

lib

eral

ized

and

a fe

w se

ctor

s w

here

ther

e is

loca

l cap

acity

pr

otec

ted

in th

e re

serv

e lis

t.

T

rade

-Rel

ated

Issu

es

R

MI s

hall

build

cap

acity

and

un

dert

ake

refo

rms o

n tra

de-

rela

ted

law

s inc

ludi

ng ta

xatio

n,

com

petit

ion

polic

y, g

over

nmen

t pr

ocur

emen

t, in

telle

ctua

l pr

oper

ty, t

radi

tiona

l kno

wle

dge

and

biod

iver

sity,

trad

e an

d en

viro

nmen

t, tr

ade

and

gend

er

to c

reat

e an

env

iron

men

t whi

ch

cond

uciv

e fo

r sus

tain

able

tr

ade,

inve

stmen

t and

de

velo

pmen

t.

NTF

C, M

oF,

R&

D, M

oIA

, EP

A,

2015

PIFS

, WIP

O,

PFTA

C, I

MF,

U

NC

TAD

, U

ND

P, A

DB

4

Trad

e-re

late

d la

ws

intro

duce

d/am

ende

d.

RM

I ado

pts/

stre

ngth

ens t

rade

-re

late

d la

ws o

n co

mpe

titio

n,

gove

rnm

ent p

rocu

rem

ent,

inte

llect

ual p

rope

rty a

nd T

K

bio-

dive

rsity

, Cor

pora

te

Gov

erna

nce.

RM

I will

hav

e bu

sine

ss

frien

dly

trade

-rel

ated

law

s w

hich

pro

mot

e tra

de,

inve

stm

ent a

nd

com

petit

iven

ess.

(i) R

MI s

hall

refo

rm it

s tax

sy

stem

and

ado

pt c

onsu

mpt

ion

tax

and

othe

r rec

omm

enda

tions

th

at h

ave

been

pro

pose

d by

the

tax

refo

rm ta

sk fo

rce

to e

nabl

e R

MI t

o pa

rtici

pate

in tr

ade

nego

tiatio

ns w

ithou

t los

ing

reve

nue.

NTF

C, R

&D

, M

oF

2012

Com

pact

, PF

TAC

, IM

F,

deve

lopm

ent

Partn

ers.

1

Tax

refo

rm la

w

enac

ted.

N

ew ta

x re

gim

e in

pla

ce.

Bus

ines

s frie

ndly

tax

regi

me

impl

emen

ted

to p

rom

ote

trade

, inv

estm

ent,

com

petit

iven

ess a

nd im

prov

e re

venu

e co

llect

ion.

(ii) R

MI s

hall

also

con

side

r id

entif

ying

a li

st o

f sen

sitiv

e pr

oduc

ts th

at sh

all b

e ex

empt

ed

from

trad

e ag

reem

ents

.

R&

D, M

oF,

NTF

C, C

oC

2012

Gov

ernm

ent,

Priv

ate

sect

or

1

List

of s

ensi

tive

prod

ucts

. A

list

of s

ensi

tive

prod

ucts

to b

e ex

empt

ed fr

om li

bera

lizat

ion.

A

cre

dibl

e an

d pr

actic

al li

st

of se

nsiti

ve p

rodu

cts t

o be

ex

empt

ed fr

om tr

ade

liber

aliz

atio

n.

Page 28: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

27

Tra

de P

olic

y L

ead

Age

ncie

s R

espo

nsib

le

Tim

e Fr

ame

Pote

ntia

l Sou

rce

of F

undi

ng

Prio

rity

M

easu

rabl

e

Indi

cato

rs

Out

put

Out

com

es

(iii)

The

Min

istry

of F

inan

ce

shal

l gat

her d

ata

on th

e nu

mbe

r or

val

ue o

f tax

exe

mpt

ions

gi

ven

and

set c

lear

and

tra

nspa

rent

pro

cedu

res f

or

exem

ptio

ns.

MoF

20

13

Gov

ernm

ent

1

Num

ber/v

alue

of

exem

ptio

ns

iden

tifie

d an

d tra

nspa

rent

pr

oced

ures

es

tabl

ishe

d.

Exem

ptio

n cr

iteria

and

pr

oced

ure

clea

rly o

utlin

ed in

a

regu

latio

n/A

ct.

Cle

ar a

nd tr

ansp

aren

t rul

es o

n ta

x ex

empt

ions

to m

inim

ize

corr

uptio

n an

d le

akag

e of

go

vern

men

t rev

enue

.

(iv) T

he G

over

nmen

t sha

ll re

view

its g

over

nmen

t pr

ocur

emen

t law

s and

in

corp

orat

e re

cent

bes

t pra

ctic

es

on g

over

nmen

t pro

cure

men

t w

hile

pro

tect

ing

the

inte

rest

s of

loca

l citi

zens

and

dis

adva

ntag

ed

grou

ps.

MoF

, AG

, N

TFC

20

15

PIFS

, AD

B

4

Rev

ised

pro

cure

men

t la

ws.

Proc

urem

ent A

ct in

corp

orat

ing

inte

rnat

iona

l bes

t pra

ctic

es.

Effic

ient

, tra

nspa

rent

and

co

mpe

titiv

e pr

ocur

emen

t tha

t el

imin

ates

cor

rupt

ion

and

enha

nces

val

ue fo

r mon

ey.

(v) T

he G

over

nmen

t sha

ll w

ork

with

the

Foru

m S

ecre

taria

t, SP

C, S

PREP

, WIP

O a

s wel

l as

othe

r age

ncie

s and

intro

duce

a

com

preh

ensi

ve re

gula

tory

and

in

stitu

tiona

l fra

mew

ork

deal

ing

with

inte

llect

ual p

rope

rty ri

ghts

as

wel

l as b

io-d

iver

sity

, tra

ditio

nal k

now

ledg

e an

d cu

ltura

l exp

ress

ions

.

R&

D,

NTF

C, M

oIA

20

15

PIFS

, WIP

O,

deve

lopm

ent

partn

ers,

SPRE

P,

SPC

.

3

Lega

l and

in

stitu

tiona

l fra

mew

ork

for I

P,

TK, t

radi

tiona

l kn

owle

dge

and

biod

iver

sity

.

Com

preh

ensi

ve IP

R, T

K a

nd

biod

iver

sity

regu

latio

ns -w

ith

inst

itutio

nal m

echa

nism

- en

acte

d.

RM

I im

plem

ents

a

deve

lopm

ent f

riend

ly IP

R

regi

me

whi

ch e

ncou

rage

s in

nova

tion

and

trade

in sa

fe

and

secu

re IP

R p

rodu

cts

whi

le p

rom

otin

g an

d pr

eser

ving

pol

icy

spac

e ne

eded

for d

evel

opm

ent,

acce

ss to

med

icin

es a

nd

prot

ectio

n of

TK

and

bio

-di

vers

ity.

(v

i) R

MI s

hall

intro

duce

a c

ode

of c

orpo

rate

gov

erna

nce

and

adop

t bes

t pra

ctic

es o

n pu

blic

an

d pr

ivat

e co

rpor

ate

gove

rnan

ce

AG

, NTF

C,

EPPS

O

2015

US,

dev

elop

men

t pa

rtner

s. 4

Cor

pora

te

Gov

erna

nce

Cod

e w

hich

mee

ts

inte

rnat

iona

l st

anda

rds.

Com

preh

ensi

ve c

orpo

rate

G

over

nanc

e co

de a

nd

regu

latio

ns e

nact

ed.

Effic

ienc

y, tr

ansp

aren

cy in

ru

nnin

g of

pub

lic a

nd p

rivat

e co

mpa

nies

and

im

plem

enta

tion

of e

ffect

ive

risk

man

agem

ent t

echn

ique

s an

d co

rpor

ate

soci

al

resp

onsib

ility

stan

dard

s.

(vii)

The

Gov

ernm

ent s

hall

take

m

easu

res t

o en

sure

that

trad

e an

d in

vest

men

t is u

nder

take

n in

a

sust

aina

ble

man

ner w

ithou

t da

mag

ing

the

envi

ronm

ent o

r de

plet

ing

reso

urce

s.

R&

D, E

PA

2015

UN

EP,

Gov

ernm

ent

3

Num

ber o

f law

s to

prot

ect e

nviro

nmen

t ad

opte

d an

d en

forc

ed.

Nat

iona

l Env

ironm

enta

l Pr

otec

tion

Act

revi

ewed

and

m

ade

mor

e ro

bust.

Trad

e is

con

duct

ed in

a

sust

aina

ble

man

ner w

ithou

t da

mag

ing

the

envi

ronm

ent o

r de

plet

ing

reso

urce

s.

Page 29: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

28

Tra

de P

olic

y L

ead

Age

ncie

s R

espo

nsib

le

Tim

e Fr

ame

Pote

ntia

l Sou

rce

of F

undi

ng

Prio

rity

M

easu

rabl

e

Indi

cato

rs

Out

put

Out

com

es

(viii

) The

Gov

ernm

ent s

hall

take

mea

sure

s to

prom

ote

and

faci

litat

e tra

de in

env

ironm

enta

l go

ods a

nd se

rvic

es a

nd re

stric

t tra

de o

n pr

oduc

ts th

at h

arm

the

envi

ronm

ent.

R&

D, E

PA

2015

Gov

ernm

ent,

PIFS

/WTO

offi

ce

4

List

of

envi

ronm

enta

l goo

ds

and

serv

ices

id

entif

ied

and

envi

ronm

enta

l goo

ds

and

serv

ices

lib

eral

ized

.

Mea

sure

s tak

en to

pro

mot

e tra

de in

env

ironm

enta

l goo

ds

and

serv

ices

and

rest

rictin

g tra

de in

thos

e pr

oduc

ts th

at

dam

age

the

envi

ronm

ent.

Incr

ease

in tr

ade

in

envi

ronm

enta

lly fr

iend

ly

good

s and

serv

ices

and

a

redu

ctio

n in

trad

e in

pro

duct

s th

at d

amag

e th

e en

viro

nmen

t.

(ix) T

he G

over

nmen

t sha

ll en

sure

that

the

inte

rest

s of

wom

en a

nd o

ther

dis

adva

ntag

ed

grou

ps a

re in

clud

ed in

trad

e-po

licy

mak

ing

and

trade

ne

gotia

tions

.

NTF

C, R

&D

, W

UTM

I, M

ICN

GO

s

2013

Gov

ernm

ent,

deve

lopm

ent

partn

ers.

1

Issu

es a

ffec

ting

wom

en a

nd o

ther

di

sadv

anta

ged

grou

ps fu

lly re

flect

ed

in tr

ade

agre

emen

ts.

Issu

es o

f int

eres

t to

wom

en

refle

cted

in th

e EP

A a

nd o

ther

tra

de a

gree

men

ts.

Mai

nstre

amin

g ge

nder

into

tra

de p

olic

y to

ens

ure

that

w

omen

pla

y an

act

ive

role

in

trade

and

pro

mot

ing

the

inte

rest

s of o

ther

vul

nera

ble

grou

ps in

trad

e.

Mar

ket A

cces

s and

Tra

de N

egot

iatio

ns

T

he P

acifi

c Is

land

Cou

ntri

es T

rade

Agr

eem

ent (

PIC

TA

)

RM

I sha

ll pa

rtici

pate

in

PIC

TA in

ord

er to

pro

mot

e re

gion

al in

tegr

atio

n as

re

com

men

ded

by L

eade

rs

unde

r the

Pac

ific

Plan

.

R&

D, N

TFC

20

12

PIFS

, de

velo

pmen

t pa

rtner

s.

1

RM

I acc

edes

to

PIC

TA.

RM

I acc

essi

on p

roce

ss to

PI

CTA

trad

e in

goo

ds

com

plet

ed a

nd R

MI n

egot

iate

s an

d si

gns P

ICTA

TIS

.

RM

I ful

ly p

artic

ipat

ing

in

PIC

TA tr

ade

in g

oods

and

se

rvic

es a

nd h

as a

cces

s to

a re

gion

al m

arke

t whi

ch is

go

od fo

r attr

actin

g fo

reig

n in

vest

men

t and

eco

nom

ic

deve

lopm

ent.

(i) R

MI s

hall

acce

de to

PIC

TA

and

the

tax

refo

rm w

ill h

elp

to

addr

ess a

ny p

ossi

ble

conc

erns

ab

out r

even

ue lo

ss.

NTF

C, M

oF,

R&

D, M

oFA

20

13

PIFS

1

RM

I acc

edes

to

PIC

TA.

RM

I acc

edes

to P

ICTA

and

a

new

tax

regi

me

impl

emen

ted.

R

MI p

artic

ipat

ing

in P

ICTA

an

d ha

ve a

cces

s to

a w

ider

re

gion

al m

arke

t and

RM

I has

ac

cess

to a

wid

er c

hoic

e of

co

nsum

er g

oods

.

Page 30: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

29

Tra

de P

olic

y L

ead

Age

ncie

s R

espo

nsib

le

Tim

e Fr

ame

Pote

ntia

l Sou

rce

of F

undi

ng

Prio

rity

M

easu

rabl

e

Indi

cato

rs

Out

put

Out

com

es

(ii) R

MI s

hall

tabl

e dr

aft t

rade

in

serv

ices

offe

r und

er th

e PI

CTA

Tra

de in

Ser

vice

s A

gree

men

t and

libe

raliz

e at

le

ast t

hree

sect

ors,

nam

ely:

B

usin

ess

serv

ices

, tou

rism

and

tra

nspo

rtatio

n (a

ir an

d m

ariti

me)

in

clud

ing

dom

estic

air

serv

ices

be

fore

Aug

ust 2

010.

NTF

C, R

&D

20

12

PIFS

, G

over

nmen

t. 1

PIC

TA tr

ade

in

serv

ices

offe

rs

subm

itted

.

RM

I PIC

TA T

IS o

ffers

su

bmitt

ed a

nd R

MI p

artic

ipat

e in

PIC

TA T

IS n

egot

iatio

ns.

Free

trad

e in

serv

ices

und

er

PIC

TA T

IS.

(iii)

The

Gov

ernm

ent,

in

parti

cula

r, R

&D

, Lab

or a

nd

Imm

igra

tion

Dep

artm

ent s

hall

wor

k to

geth

er to

ana

lyze

the

Rep

ort o

n PI

CTA

Tem

pora

ry

Mov

emen

t of N

atur

al P

erso

n an

d su

bmit

reco

mm

enda

tions

to

the

NTF

C.

R&

D, L

abor

, Im

mig

ratio

n,

NTF

C

2012

PIFS

, G

over

nmen

t. 3

Rec

omm

enda

tions

on

PIC

TA T

MN

P su

bmitt

ed to

NTF

C.

NTF

C re

ceiv

es

reco

mm

enda

tions

on

PIC

TA

TMN

P.

RM

I ful

ly a

naly

ses t

he

prop

osal

on

PIC

TA T

MN

P an

d pa

rtici

pate

s in

the

nego

tiatio

ns a

nd th

e PI

CTA

TM

NP

sche

me.

(iv) R

MI s

hall

anal

yze

the

prop

osal

to in

clud

e G

over

nmen

t Pr

ocur

emen

t und

er P

ICTA

and

m

ake

reco

mm

enda

tions

to th

e N

TFC

.

R&

D, M

oF

2012

PIFS

, G

over

nmen

t. 3

Rec

omm

enda

tions

on

PIC

TA

Gov

ernm

ent

Proc

urem

ent

subm

itted

to N

TFC

.

Rec

omm

enda

tions

on

PIC

TA

Gov

ernm

ent P

rocu

rem

ent

subm

itted

to N

TFC

.

RM

I ful

ly a

naly

ses t

he

prop

osal

on

PIC

TA

Gov

ernm

ent p

rocu

rem

ent a

nd

parti

cipa

tes i

n th

e ne

gotia

tions

and

the

PIC

TA

Gov

ernm

ent p

rocu

rem

ent

sche

me.

(v) R

MI s

hall

utili

ze th

e m

arke

ting

serv

ices

that

are

pr

ovid

ed b

y th

e Pa

cific

Isla

nds

Foru

m S

ecre

taria

t (PI

FS) u

nder

th

e Pa

cific

Isla

nds T

rade

and

In

vest

men

t Com

mis

sion

(P

ITIC

) Offi

ces b

ased

in

Auc

klan

d, S

ydne

y, B

eijin

g, a

nd

Toky

o.

R&

D, N

TFC

20

12

PIFS

1

RM

I ful

ly u

tiliz

ing

the

PITI

C se

rvic

es.

Num

ber o

f req

uest

s sub

mitt

ed

by R

MI t

o PI

TIC

Offi

ces.

R

MI g

oods

and

serv

ices

pr

omot

e an

d m

arke

ted

effe

ctiv

ely

by P

ITIC

whi

ch

resu

lt in

incr

ease

in e

xpor

ts,

tour

ism

, inv

estm

ents

jobs

and

fo

reig

n ex

chan

ge to

RM

I.

Page 31: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

30

Tra

de P

olic

y L

ead

Age

ncie

s R

espo

nsib

le

Tim

e Fr

ame

Pote

ntia

l Sou

rce

of F

undi

ng

Prio

rity

M

easu

rabl

e

Indi

cato

rs

Out

put

Out

com

es

T

he U

S

RM

I sha

ll fu

lly u

tiliz

e th

e m

arke

t acc

ess o

ffer

ed b

y th

e U

S an

d co

nsul

t with

the

US

on

how

to im

prov

e th

e tr

ade

pref

eren

ces.

R&

D,

MO

FA,

NTF

C, M

TC

2012

Gov

ernm

ent,

US,

PI

FS

1

Full

utili

zatio

n of

m

arke

t acc

ess a

nd

impr

oved

trad

e pr

efer

ence

s.

RM

I pro

duce

s goo

ds a

nd

serv

ices

that

can

be

com

petit

ivel

y ex

porte

d to

the

US

unde

r the

Com

pact

and

fully

ut

ilize

s the

Com

pact

pr

efer

ence

s.

Incr

ease

in tr

ade

and

good

s ex

porte

d to

the

US

mar

ket

whi

ch le

ads t

o m

ore

jobs

and

fo

reig

n ex

chan

ge fo

r RM

I.

(i) R

MI s

hall

cons

ult w

ith th

e U

S to

impr

ove

its a

cces

s int

o th

e U

S m

arke

t thr

ough

re

laxa

tion

of ru

les o

f orig

in,

rem

oval

of d

utie

s on

cann

ed

tuna

in o

il, re

mov

al o

f quo

tas o

n tu

na in

airt

ight

con

tain

ers,

and

acce

ss to

the

US

inst

itutio

nal

mar

ket i

nclu

ding

the

mili

tary

.

NTF

C, R

&D

, M

oFA

, MTC

20

12

PIFS

, US

1

Impr

oved

acc

ess i

nto

the

US

mar

ket.

RM

I sec

ures

bet

ter m

arke

t ac

cess

into

the

US

incl

udin

g 10

0% d

uty

and

quot

a fre

e ac

cess

, im

prov

ed R

oO.

RM

I has

100

% d

uty

and

quot

a fre

e ac

cess

and

is

prod

ucin

g go

ods a

nd se

rvic

es

that

can

be

expo

rted

to th

e U

S co

mpe

titiv

ely

unde

r the

C

ompa

ct tr

ade

pref

eren

ces.

(ii) R

MI s

hall

wor

k w

ith P

alau

an

d FS

M u

nder

the

Mic

rone

sian

Tr

ade

Com

mitt

ee (M

TC) t

o ad

dres

s the

MFN

issu

e as

wel

l as

oth

er m

atte

rs re

latin

g to

co

mpe

nsat

ion

for l

ost t

rade

and

ta

x pr

efer

ence

s.

NTF

C, R

&D

, M

OFA

20

12

PIFS

, US,

de

velo

pmen

t pa

rtner

s.

1

Com

men

cem

ent o

f co

nsul

tatio

ns w

ith

the

US

unde

r the

M

TC.

Com

men

cem

ent o

f US/

FAS

cons

ulta

tions

on

the

MFN

. C

onsu

ltatio

n on

the

MFN

co

nsul

tatio

ns w

ith th

e U

S su

cces

sful

ly c

oncl

uded

.

(iii)

The

Gov

ernm

ent s

hall

assi

st th

e fis

herie

s ind

ustry

to

have

free

acc

ess t

o th

e U

S m

arke

t for

Vac

uum

ed

Prec

ooke

d Tu

na L

oins

. The

re

quire

men

t to

slit

the

vacu

um

bag

to m

eet t

he re

quire

men

t of

free-

acce

ss is

too

cost

ly fo

r R

MI.

R&

D, N

TFC

, M

OFA

, M

IMR

A

2012

PIFS

, US

1

Com

men

cem

ent o

f co

nsul

tatio

ns w

ith

the

US

unde

r the

M

TC.

RM

I sec

ures

dut

y fre

e ac

cess

of

vacu

um p

acke

d tu

na lo

ins i

nto

the

US

mar

ket.

RM

I vac

uum

pac

ked

tuna

lo

ins e

nter

the

US

duty

free

un

der t

he C

ompa

ct a

nd R

MI

able

to in

crea

se th

e ex

ports

of

cook

ed lo

ins t

o th

e U

S, c

reat

e m

ore

jobs

and

exp

ort

reve

nue.

Page 32: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

31

Tra

de P

olic

y L

ead

Age

ncie

s R

espo

nsib

le

Tim

e Fr

ame

Pote

ntia

l Sou

rce

of F

undi

ng

Prio

rity

M

easu

rabl

e

Indi

cato

rs

Out

put

Out

com

es

(iv) T

he G

over

nmen

t sha

ll en

sure

col

labo

ratio

n be

twee

n th

e D

epar

tmen

t of T

rade

and

In

vest

men

t and

the

Com

pact

of

fice

on tr

ade

rela

ted

mat

ters

in

the

Com

pact

.

R&

D, M

oFA

20

12

Gov

ernm

ent

M

echa

nism

for

com

mun

icat

ion

betw

een

Com

pact

of

fice

and

Dep

artm

ent o

f Tra

de

and

Inve

stm

ent

Ade

quat

e co

mm

unic

atio

n an

d in

form

atio

n ex

chan

ge b

etw

een

Com

pact

offi

ce a

nd D

epar

tmen

t of

Tra

de o

n tra

de is

sues

in th

e C

ompa

ct

Uni

fied

appr

oach

to tr

ade-

rela

ted

issu

es in

the

Com

pact

an

d be

tter p

olic

y co

ordi

natio

n

(v) T

he U

S sh

all p

rovi

de

tech

nica

l and

fina

ncia

l as

sist

ance

to su

ppor

t RM

I to

impl

emen

t the

Tra

de P

olic

y.

R&

D, M

oFA

20

13

US,

dev

elop

men

t pa

rtner

s. 1

Supp

ort t

o im

plem

ent t

he T

rade

Po

licy

secu

red.

$Val

ue o

f Tec

hnic

al a

nd

finan

cial

ass

ista

nce

from

the

US

to im

plem

ent t

he tr

ade

polic

y.

RM

I sec

ures

fund

s fro

m th

e U

S an

d su

cces

sful

ly

impl

emen

ts th

e Tr

ade

Polic

y.

PA

CE

R P

lus

(i)

RM

I sha

ll co

nduc

t a c

ost-

bene

fit a

naly

sis o

n PA

CER

Plu

s an

d id

entif

y it'

s offe

nsiv

e an

d de

fens

ive

inte

rest

s, op

portu

nitie

s, ad

just

men

t cos

ts,

tech

nica

l and

fina

ncia

l as

sist

ance

as w

ell a

s oth

er

mea

sure

s tha

t are

requ

ired

to

addr

ess p

rodu

ctio

n an

d su

pply

ca

paci

ty to

ena

ble

the

priv

ate

sect

or to

pro

duce

qua

lity

good

s an

d se

rvic

es w

hich

can

be

trade

d in

a c

onsi

sten

t man

ner.

The

stud

y sh

all b

e in

line

with

R

MI’

s dev

elop

men

t pla

n an

d pr

omot

e th

e ob

ject

ives

of R

MI’

s Tr

ade

Polic

y.

NTF

C, R

&D

20

12

AN

Z, O

CTA

, ot

her

deve

lopm

ent

partn

ers.

1

A c

ompr

ehen

sive

PA

CER

Plu

s stu

dy.

Rep

ort o

n co

mpr

ehen

sive

PA

CER

Plu

s stu

dy su

bmitt

ed to

N

TFC

and

R&

D.

RM

I is f

ully

pre

pare

d an

d pa

rtici

pate

s ful

ly in

PA

CER

Pl

us n

egot

iatio

ns a

nd se

cure

s a

deve

lopm

ent f

riend

ly

agre

emen

t.

(ii) T

he P

AC

ER P

lus s

tudy

shal

l re

com

men

d co

ncre

te m

easu

res

on d

evel

opm

ent c

oope

ratio

n un

der P

AC

ER P

lus t

o en

sure

th

at th

ere

is a

dequ

ate,

pr

edic

tabl

e an

d le

gally

bin

ding

co

mm

itmen

ts o

n te

chni

cal a

nd

finan

cial

ass

ista

nce

to

impl

emen

t the

agr

eem

ent a

nd to

ex

ploi

t the

opp

ortu

nitie

s offe

red

by th

e ag

reem

ent.

NTF

C, R

&D

20

13

AN

Z, O

CTA

, ot

her

deve

lopm

ent

partn

ers.

1

A c

ompr

ehen

sive

ch

apte

r on

deve

lopm

ent

coop

erat

ion.

A c

ompr

ehen

sive

cha

pter

on

deve

lopm

ent c

oope

ratio

n in

clud

ed in

the

PAC

ER P

lus

agre

emen

t.

RM

I sec

ures

lega

lly b

indi

ng,

pred

icta

ble

and

adeq

uate

re

sour

ces t

o im

plem

ent t

he

agre

emen

t as w

ell a

s to

take

ad

vant

age

of th

e op

portu

nitie

s offe

red

by th

e ag

reem

ent.

Page 33: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

32

Tra

de P

olic

y L

ead

Age

ncie

s R

espo

nsib

le

Tim

e Fr

ame

Pote

ntia

l Sou

rce

of F

undi

ng

Prio

rity

M

easu

rabl

e

Indi

cato

rs

Out

put

Out

com

es

(iii)

The

Agr

eem

ent s

hall

have

a

stro

ng d

evel

opm

ent d

imen

sion

, in

corp

orat

e th

e pr

inci

ple

of

spec

ial a

nd d

iffer

entia

l tre

atm

ent;

asym

met

ry a

nd ta

ke

into

acc

ount

the

uniq

ue a

nd

spec

ial c

ircum

stan

ces o

f C

ompa

ct S

tate

s.

NTF

C, R

&D

20

13

AN

Z, O

CTA

, ot

her

deve

lopm

ent

partn

ers.

1

Fina

l Agr

eem

ent

with

a d

evel

opm

ent

dim

ensi

on.

A d

evel

opm

ent f

riend

ly

agre

emen

t whi

ch in

clud

es a

co

mpr

ehen

sive

dev

elop

men

t co

oper

atio

n ch

apte

r, m

ore

favo

rabl

e [C

TH] R

oO a

nd

tech

nica

l ass

ista

nce

on S

PS a

nd

TBT

requ

irem

ents

, RM

I and

ot

her C

ompa

ct st

ates

giv

en

adeq

uate

S&

D tr

eatm

ent i

n lib

eral

izat

ion

com

mitm

ents

and

in

the

lega

l tex

t.

A d

evel

opm

ent f

riend

ly

agre

emen

t whi

ch

inco

rpor

ates

spec

ial a

nd

diffe

rent

ial t

reat

men

t and

the

uniq

ue c

once

rns o

f the

C

ompa

ct st

ates

.

Ja

pan

(i)

RM

I sha

ll w

ork

with

the

Japa

nese

Gov

ernm

ent t

o en

sure

th

at R

MI g

ets t

he m

axim

um

bene

fits f

rom

its t

una

reso

urce

s.

MIM

RA

, R

&D

, NTF

C

2013

Japa

n 1

RM

I max

imiz

ing

its

bene

fits f

rom

fis

herie

s res

ourc

es.

RM

I max

imiz

ing

the

bene

fits

from

its f

ishe

ries r

esou

rces

. R

MI g

ettin

g m

ore

retu

rns

from

its f

ishe

ries r

esou

rces

.

(ii) R

MI s

hall

seek

tech

nica

l and

fin

anci

al a

ssis

tanc

e fro

m

Japa

n/R

oC a

nd o

ther

de

velo

pmen

t par

tner

s to

impl

emen

t the

Tra

de P

olic

y.

R&

D, M

oFA

20

12

Japa

n, R

oC, U

AE

1

Fund

s to

impl

emen

t th

e Tr

ade

Polic

y se

cure

d.

RM

I sec

ures

fund

s and

im

plem

ents

the

trade

pol

icy.

R

MI s

ecur

es fu

nds t

o im

plem

ent t

he a

ctiv

ities

id

entif

ied

in th

e Tr

ade

Polic

y an

d is

abl

e to

use

trad

e an

d in

vest

men

t to

prom

ote

sust

aina

ble

econ

omic

gro

wth

an

d de

velo

pmen

t.

(iii)

RM

I sha

ll ex

plor

e ot

her

prod

ucts

that

can

be

expo

rted

to

Japa

n in

clud

ing

noni

, ha

ndic

rafts

and

tour

ism

se

rvic

es.

NTF

C, R

&D

20

12

Japa

n, P

IFS

1

Qua

ntity

or v

alue

of

prod

ucts

exp

orte

d to

Ja

pan.

RM

I ide

ntifi

es th

e go

ods a

nd

serv

ices

that

can

be

expo

rted

to

Japa

n.

Incr

ease

in e

xpor

ts o

f tra

de in

go

ods a

nd se

rvic

es to

Japa

n.

(iv) R

MI s

hall

wor

k w

ith R

oC

and

Japa

n to

dee

pen

its tr

ade,

de

velo

pmen

t, in

vest

men

t co

oper

atio

n w

ith A

sia.

R&

D, M

oFA

, N

TFC

20

12

Chi

na, R

oC,

Japa

n 2

RM

I sha

ll ex

plor

e a

coop

erat

ion

arra

ngem

ent w

ith

Japa

n, R

oC

incl

udin

g th

e fe

asib

ility

of d

irect

ai

r and

ship

link

s w

ith R

oC to

pro

mot

e di

rect

trad

e in

goo

ds

and

tour

ism

.

Feas

ibili

ty st

udy

on c

oope

ratio

n be

twee

n co

untri

es th

at

reco

gniz

e R

oC a

nd R

oC o

n po

ssib

le d

irect

air

and

ship

link

s be

twee

n R

oC, s

outh

pac

ific

and

the

Nor

th P

acifi

c.

Dee

pen

deve

lopm

ent

coop

erat

ion

betw

een

RoC

, Ja

pan

and

othe

r Asi

an

coun

tries

and

RM

I esp

ecia

lly

in th

e ar

ea o

f tra

nspo

rtatio

n;

trade

in g

oods

and

serv

ices

, to

uris

m, i

nves

tmen

t and

aid

fo

r tra

de.

Page 34: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

33

Tra

de P

olic

y L

ead

Age

ncie

s R

espo

nsib

le

Tim

e Fr

ame

Pote

ntia

l Sou

rce

of F

undi

ng

Prio

rity

M

easu

rabl

e

Indi

cato

rs

Out

put

Out

com

es

E

cono

mic

Par

tner

ship

Agr

eem

ent (

EPA

)

(i) R

MI s

hall

sign

the

com

preh

ensi

ve E

PA to

allo

w

the

fishe

ries i

ndus

try to

ben

efit

from

the

liber

al ru

les o

f orig

in

on p

roce

ssed

fish

that

hav

e be

en

offe

red

by th

e EU

.

NTF

C, R

&D

, M

IMR

A,

MoF

2013

PIFS

1

EPA

sign

ed.

RM

I sub

mit

a tra

de in

goo

ds

mar

ket a

cces

s offe

r and

sign

s th

e EP

A te

xt in

201

2.

RM

I sig

ns th

e EP

A a

nd h

as

acce

ss to

the

EU m

arke

t es

peci

ally

for f

ishe

ries

prod

ucts

.

(ii) M

IMR

A sh

all e

stab

lish

the

Com

pete

nt A

utho

rity

to e

nabl

e R

MI t

o ex

port

fishe

ries p

rodu

cts

to th

e EU

.

R&

D,

MIM

RA

20

12

PIFS

, MIM

RA

, FF

A, S

FP, o

ther

de

velo

pmen

t pa

rtner

s.

1

Com

pete

nt A

utho

rity

esta

blis

hed

and

certi

fied

by th

e EU

.

RM

I Com

pete

nt A

utho

rity

whi

ch c

ompl

ies w

ith th

e EU

re

quire

men

ts fu

lly fu

nctio

ning

.

RM

I is a

ble

to e

xpor

t fis

h to

th

e EU

in c

ompl

ianc

e w

ith

the

SPS

and

IUU

re

quire

men

ts.

(iii)

RM

I/MIM

RA

shal

l wor

k w

ith th

e PN

A/F

FA/P

AC

PS to

ad

dres

s the

trad

e/fis

herie

s iss

ues

in th

e EP

A n

egot

iatio

ns to

en

sure

that

RM

I’s o

bjec

tives

of

max

imiz

ing

its re

turn

from

its

reso

urce

s are

real

ized

.

MIM

RA

, R

&D

20

12

PNA

/FFA

1

RM

I get

ting

a fa

ir sh

are

from

its

fishe

ries r

esou

rces

.

RM

I sec

ures

max

imum

retu

rns

from

its f

ishe

ries r

esou

rces

and

en

sure

s tha

t all

the

agre

emen

ts

on fi

sher

ies c

ompl

y w

ith it

s de

velo

pmen

t asp

iratio

ns a

nd

obje

ctiv

e of

pro

mot

ing

onsh

ore-

proc

essi

ng a

nd v

alue

add

ition

.

RM

I max

imiz

es re

turn

s fro

m

fishe

ries a

nd a

dds v

alue

its

reso

urce

s the

reby

cre

atin

g em

ploy

men

t and

gen

erat

ing

reve

nue.

M

icro

nesi

a T

rade

Com

mitt

ee (M

TC

)

(i) R

MI s

hall

wor

k w

ith F

SM

and

Pala

u un

der t

he M

TC to

ad

dres

s tra

de is

sues

that

are

co

mm

on to

FA

S.

NTF

C, R

&D

20

12

PIFS

, US

1

MTC

Per

man

ent

Secr

etar

iat

esta

blis

hed

and

assi

stin

g FA

S to

ad

dres

s iss

ues o

f co

mm

on in

tere

st.

MTC

Stru

ctur

e es

tabl

ished

and

fu

lly fu

nctio

ning

. FA

S ab

le to

coo

rdin

ate

and

addr

ess i

ssue

s of c

omm

on

inte

rest

und

er th

e M

TC.

(ii) R

MI s

hall

supp

ort t

he

esta

blis

hmen

t of t

he M

TC

Secr

etar

iat a

nd se

ek fu

ndin

g fro

m d

evel

opm

ent p

artn

ers f

or

the

oper

atio

n of

the

Secr

etar

iat.

NTF

C, R

&D

20

12

PIFs

, US,

Chi

na,

EU, U

AE.

1

Fund

ing

secu

red

and

the

MTC

Sec

reta

riat

esta

blis

hed.

Fund

ing

secu

red

for t

he fu

ll op

erat

iona

l of t

he M

TC

Secr

etar

iat.

Fund

ing

for t

he M

TC se

cure

d an

d FA

S co

oper

atin

g cl

osel

y on

trad

e-re

late

d is

sues

.

Page 35: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

34

Tra

de P

olic

y L

ead

Age

ncie

s R

espo

nsib

le

Tim

e Fr

ame

Pote

ntia

l Sou

rce

of F

undi

ng

Prio

rity

M

easu

rabl

e

Indi

cato

rs

Out

put

Out

com

es

(iii)

The

FAS

shal

l est

ablis

h a

trade

and

inve

stm

ent o

ffice

in

the

US

to p

rom

ote

trade

, in

vest

men

t, to

uris

m a

nd li

nk th

e FA

S pr

oduc

ers o

f goo

ds a

nd

serv

ices

with

the

buye

rs in

the

US

mar

ket.

The

FAS

Trad

e an

d In

vest

men

t offi

ce sh

all b

e re

spon

sible

for g

athe

ring

mar

ket

inte

llige

nce,

rese

arch

, bra

ndin

g,

and

assi

stin

g ex

porte

rs to

co

mpl

y w

ith e

xpor

t re

quire

men

ts.

R&

D, N

TFC

, M

oFA

20

12

US,

PIF

S,

Dev

elop

men

t Pa

rtner

s

1

FAS

Trad

e an

d In

vest

men

t C

omm

issi

on in

US

esta

blis

hed.

FAS

Trad

e an

d In

vest

men

t of

fice

esta

blis

hed

in th

e U

S an

d qu

alifi

ed st

aff a

ppoi

nted

.

Incr

ease

in e

xpor

ts,

inve

stm

ent a

nd to

uris

m a

s a

resu

lt of

pro

mot

ion

by th

e tra

de a

nd in

vest

men

t offi

ce.

W

orld

Tra

de O

rgan

izat

ion

(i)

RM

I sha

ll w

ork

clos

ely

with

th

e PI

FS O

ffice

in G

enev

a to

ad

dres

s any

issu

es a

ffect

ing

RM

I inc

ludi

ng fi

sher

ies

subs

idie

s, pr

efer

ence

ero

sion

, no

n-ta

riff b

arrie

rs a

s wel

l as

othe

r rel

evan

t iss

ues.

R&

D, N

TFC

20

12

PIFS

, G

over

nmen

t. 2

RM

I's in

tere

sts f

ully

re

flect

ed a

t the

WTO

th

roug

h th

e Fo

rum

G

enev

a O

ffice

.

RM

I wor

king

clo

sely

with

PIF

S of

fice

in G

enev

a to

ens

ure

that

its

inte

rest

s are

add

ress

ed.

RM

I's in

tere

sts r

efle

cted

at

the

WTO

leve

l.

(ii) R

MI s

hall

wor

k w

ith th

e U

S to

ens

ure

that

the

wai

ver o

n C

ompa

ct is

ext

ende

d be

yond

20

16.

R&

D, N

TFC

20

13

UN

DP,

US

3

Wai

ver e

xten

ded.

A

gree

men

t ext

endi

ng th

e W

TO

wai

ver.

R

MI C

ompa

ct tr

ade

pref

eren

ces s

uppo

rted

by a

w

aive

r pos

t 201

6.

A

id fo

r T

rade

(i) R

MI s

hall

use

the

Trad

e Po

licy

to se

cure

Aid

for T

rade

fro

m it

s tra

de a

nd d

evel

opm

ent

partn

ers t

o ad

dres

s the

trad

e an

d de

velo

pmen

t nee

ds id

entif

ied

in

the

Trad

e Po

licy.

R&

D, N

TFC

20

12

Trad

e an

d de

velo

pmen

t pa

rtner

s.

1

Tech

nica

l and

fin

anci

al a

ssis

tanc

e se

cure

d to

impl

emen

t th

e tra

de a

nd

deve

lopm

ent n

eeds

id

entif

ied

in th

e Tr

ade

Polic

y.

Val

ue o

f tec

hnic

al a

nd fi

nanc

ial

assi

stan

ce se

cure

d to

impl

emen

t th

e tra

de p

olic

y.

RM

I has

ade

quat

e re

sour

ces

to fu

lly im

plem

ent t

he tr

ade

polic

y.

Page 36: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE

35

Tra

de P

olic

y L

ead

Age

ncie

s R

espo

nsib

le

Tim

e Fr

ame

Pote

ntia

l Sou

rce

of F

undi

ng

Prio

rity

M

easu

rabl

e

Indi

cato

rs

Out

put

Out

com

es

(ii) A

id fo

r Tra

de sh

all c

over

all

the

trade

and

dev

elop

men

t ne

eds i

dent

ified

in th

e Tr

ade

Polic

y in

clud

ing

thos

e th

at fa

ll un

der t

he fi

ve c

ateg

orie

s of A

id

for T

rade

iden

tifie

d by

the

WTO

Ta

sk fo

rce

on A

id fo

r Tra

de.

R&

D, N

TFC

20

11

Trad

e an

d de

velo

pmen

t pa

rtner

s.

1

cate

gorie

s and

val

ue

chan

nele

d un

der

vario

us c

ateg

orie

s of

AfT

Am

ount

of A

fT p

rovi

ded

to

RM

I. R

MI r

ecei

ves A

id fo

r Tra

de

to a

ddre

ss it

s tra

de a

nd

deve

lopm

ent n

eeds

.

Im

plem

enta

tion

(i) T

he T

rade

Pol

icy

shal

l be

impl

emen

ted

over

a lo

ng p

erio

d of

tim

e an

d PI

FS sh

all p

lay

a vi

tal r

ole

in m

obili

zing

the

reso

urce

s req

uire

d fo

r im

plem

entin

g th

e Tr

ade

Polic

y.

PIFS

/RM

I sha

ll or

gani

ze a

do

nor c

onfe

renc

e to

pre

sent

the

Trad

e Po

licy

and

mob

ilize

fu

ndin

g.

R&

D, N

TFC

20

12

PIFS

, G

over

nmen

t. 1

Ade

quat

e re

sour

ces

to im

plem

ent t

he

Trad

e Po

licy

secu

red.

Am

ount

of A

fT se

cure

d to

im

plem

ent t

he T

rade

pol

icy.

Fu

ndin

g se

cure

d to

ens

ure

full

impl

emen

tatio

n of

the

Trad

e po

licy.

(ii) T

he F

orum

Sec

reta

riat s

hall

also

ass

ist R

MI t

o re

view

its

Trad

e Po

licy

afte

r 3-5

yea

rs.

R&

D, N

TFC

20

15

PIFS

, G

over

nmen

t. 3

Trad

e Po

licy

Rev

iew

co

nduc

ted

no la

ter

than

201

5.

Trad

e Po

licy

Rev

iew

Rep

ort.

Rep

ort o

n th

e pr

ogre

ss o

r ch

alle

nges

face

d in

im

plem

entin

g th

e tra

de

polic

y.

(iii)

Qua

ntifi

able

indi

cato

rs b

e in

corp

orat

ed in

to th

e Tr

ade

Polic

y w

hen

accu

rate

and

di

sagg

rega

ted

stat

istic

s are

av

aila

ble.

R&

D, N

TFC

20

15

Gov

ernm

ent/P

IFS

3

Acc

urat

e an

d di

sagg

rega

ted

stat

s us

ed to

mea

sure

im

plem

enta

tion

of

the

Trad

e Po

licy

by

2015

.

Acc

essi

ble,

relia

ble

and

regu

larly

upd

ated

dat

abas

e m

aint

aine

d ke

pt b

y R

&D

, and

sh

ared

with

EPP

SO

Acc

urat

e st

atis

tics u

sed

to

mon

itor a

nd a

sses

s the

im

plem

enta

tion

of th

e tra

de

polic

y.

Page 37: The Trade Policy for the Republic of the Marshall Islands · i The Trade Policy for the Republic of the Marshall Islands BY THE MINISTRY OF RESOURCES AND DEVELOPMENT DIVISION OF TRADE