FINAL TITLE FOR SIDSThe Co-Chairs’ Summary of the Private Sector Partnerships Forum outlines the key messages, outcomes and partnerships announcements made during the Forum.

THEMATIC AREAS

Discover in our publication a snapshot of some select key SIDS indicators grouped under the three dimensions of sustainable development; Environment, Economic and Social that highlight the special case of SIDS  – SIDS in Numbers The themes for the conference will be addressed through a sustainable development context that promotes green, sustained inclusive and equitable economic growth.

Small Islands, Big(ger) Stakes

1.    Sustainable Agriculture Agriculture has historically been the foundation of cultural and economic activities in SIDS and today continues to play a significant role in sustaining livelihoods. There are opportunities for private sector entities to reinvigorate agricultural production in SIDS and contribute to the livelihoods of rural communities, for example, to help increase self-sufficiency in food production and take advantage of the international growth in organic agricultural produce. 2.    Fisheries and Marine Resources For many SIDS the ocean and its vast resources are the firm basis upon which jobs and economic growth depend. The health of the oceans is not only vital to SIDS but to the global community at large. There is potential for private sector entities to partner with SIDS towards ensuring the sustainable management and utilization of ocean resources 3.    Connectivity through Transport and ICTs Connectivity is crucial for SIDS to access the international marketplace, arrange the transport of goods, telecommunications or internet based transactions. Many SIDS continue to grapple with the high cost and infrequency of transport connectivity whether by sea or air.  This is an area where partnerships between governments and private sector have great potential to yield improved transport links and achieve more efficient logistics. 4.    Renewable Energy Many SIDS are heavily dependent on fossil fuels for their energy needs. The efforts of the private sector can play a major role in developing affordable and competitive renewable energy sources that should lead to a significant shift from a high dependence on imported fossil fuels, to more sustainable locally harnessed energy sources. 5.    Sustainable Tourism The travel and tourism industry is vitally important to SIDS. Private sector activities are a cornerstone of the viability of the tourism sector and reflect the importance of the sector in socio-economic development for SIDS.  There is merit in further exploring how best tourism activities can be expanded, where capacity allows, and made more sustainable. 6.    Disaster Risk Reduction SIDS’ small and open economies leave them especially exposed and highly vulnerable to external shocks resulting from disasters. If resilience building is to be successful in the years to come, it will require active and concerted partnerships between various actors including governments, private sector and local communities.

 

OUTCOMES

  • Rejuvenate commitments and enhance partnerships of national and regional SIDS private sector stakeholders, Governments and the international community to enhance the private sector’s contribution to sustainable development for SIDS;
  • The identification of the priority concrete actions by SIDS private sectors, including partnerships to be announced at the 2014 SIDS Conference in Samoa ;
  • Interaction between senior business leaders (national and international) and SIDS leaders regarding the way forward to enhance the role of the private sector in SIDS and likewise fostering private sector partnerships;
  • The announcement of a SIDS Global Business Leaders Network