Samoa has introduced its first National Industry Development Policy and Strategy (NIDPS) for FY2024/2025 to FY2033/2034. The policy, launched on 29 November 2024 at Tanoa Tusitala Hotel, outlines a decade-long framework aimed at transforming priority industries to boost economic growth.
The policy was developed with support from New Zealand under the Private Sector Development Program (PSDP). High Commissioner Ms. Si’alei Van Toor emphasized New Zealand’s commitment to working with Samoa to strengthen private sector development.
The NIDPS envisions driving innovation, increasing productivity, and building sustainable industries to achieve inclusive economic progress. It targets industries with competitive potential beyond subsistence agriculture and household activities. The immediate focus is on economic recovery post-COVID-19 while fostering long-term resilience.
The strategy aligns with Samoa’s Pathway for Development and centers on five goals:
- Supporting innovation and entrepreneurship.
- Enhancing industry productivity and diversification.
- Strengthening infrastructure and services.
- Building partnerships for industry growth.
- Developing a skilled workforce.
MCIL CEO Pulotu Lyndon Chu Ling described the policy as the first phase of a multi-decade effort to reshape Samoa’s economy. He urged implementing agencies to work collectively to achieve the policy’s objectives.
“The challenge lies in implementation. Success depends on the commitment of all stakeholders and a unified approach,” said Pulotu.
The policy’s development involved extensive input from stakeholders and technical guidance from consultants David Young and Benjamin Harding. Pulotu acknowledged New Zealand’s ongoing support in driving Samoa’s private sector development.
