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Report on an EU project grant to the WorldFish Center and the SolomonIslands Ministry of Fisheries and Marine Resources.Stimulating Investment in Pearl Farmingin Solomon IslandsReport 5. Solomon Islands: The Investment Climate forPearl FarmingPrepared by:A.V. HughesVonavona LagoonPO Box 59,GizoSolomon Islands1
Stimulating Investment in pearl farming in Solomon IslandsReport 5. Solomon Islands: The Investment Climate for Pearl FarmingContentsContents................................................................................................................................................... 21. Governance and political stability....................................................................................................... 31.1 Constitutional government ............................................................................................................ 31.2 Judicial system .............................................................................................................................. 31.3 The public service ........................................................................................................................ 41.4 Political parties and factions......................................................................................................... 41.5 Provincial governments................................................................................................................ 41.6 The ethnic conflict of 1998-2003 ................................................................................................. 51.7 Role of RAMSI ............................................................................................................................ 62. Currency and financial stability ......................................................................................................... 62.1 Currency and exchange rate ......................................................................................................... 62.2 Financial system and interest rates............................................................................................... 72.3 Government finance ..................................................................................................................... 82.4 External aid .................................................................................................................................. 83. Land tenure......................................................................................................................................... 93.1 The registered tenure system........................................................................................................ 93.2. Customary tenure ....................................................................................................................... 103.3 Relevant location of government-owned and other existing registered lands............................ 113.4 Reefs........................................................................................................................................... 114. Transport and telecommunications .................................................................................................. 124.1 Land transport ............................................................................................................................ 124.2 Sea transport............................................................................................................................... 124.3 Air services................................................................................................................................. 124.4 Telecommunications .................................................................................................................. 125. Security of investments .................................................................................................................... 135.1. Physical security......................................................................................................................... 135.2. Security of registered leaseholds................................................................................................ 135.3. Protection against expropriation................................................................................................. 146. Forms of co-investment.................................................................................................................... 156.1 Partnerships and incorporated joint ventures ............................................................................. 156.2 Specific terms of lease................................................................................................................. 156.3 Participation through out-grower operations.............................................................................. 157. The investment approval process ..................................................................................................... 168. Taxation and incentives.................................................................................................................... 178.1 Direct taxation: business tax....................................................................................................... 178.2 Direct taxation: personal income tax.......................................................................................... 178.3 Indirect tax.................................................................................................................................. 178.4 Incentives ................................................................................................................................... 189. Licence under the Fisheries Act, 1998 ............................................................................................. 1810. Labour laws .................................................................................................................................... 1910.1 Foreign workers....................................................................................................................... 1910.2 Wage structure and legal minimum wage ............................................................................... 1911. Provincial government business licensing...................................................................................... 1912. Environmental impact assessment.................................................................................................. 2013. Contacts on investment matters...................................................................................................... 202
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Stimulating investment in pearlfarm
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Appendix IAppendix IIAppendix IIIAp
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various project elements to describ
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PNGSolomon IsPNGCook IsVanuatuFijiF
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Figure 2. Typical coastal habitat f
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to work alongside WorldFish science
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least two weeks before the main sur
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duration of the dive, maximum botto
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3.7 Natural disastersEnvironmental
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• Legislative review is underway
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− Manning Strait islands− Suava
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incentive treatment that fits the l
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continuing to enter the market. Thi
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Provisions for further aquaculture
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• licences will relate to a parti
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species in Australia are 5 - 10 tim
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6.3 Investor’s recommendations fo
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Report on an EU project grant to th
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Summary• Historically, the blackl
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1. IntroductionBlacklip pearl oyste
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3. Nationwide surveysIn May-June 20
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10 spat collectors were attached at
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On a local scale, it was found that
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3025Normalised catch201510500 2 4 6
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30Spat collector -125201510a. NoroL
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Figure 10. The number of Cymatium,
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Figure 11. Intermediate culture tra
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% survival10090HatcheryWild80706050
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Thus, under the regime developed in
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7.3 Retention and mortality after s
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7.5 Seeding of hatchery-produced sp
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have used average values of $25, $3
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9. ReferencesBraley, R.D. 1997. Fin
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depend mainly on the quality of the
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Report to:World Fish CenterSuitabil
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Suitability of Habitats for Growth
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Report to:World Fish CenterWater Te
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Water Temperature and Cyclone Frequ
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Page 172 and 173: Report to:WorldFish CenterAbundance
Page 174 and 175: Abundance, Size Structure and Quali
Page 224 and 225: 1. Governance and political stabili
Page 226 and 227: Despite its present weaknesses, eff
Page 228 and 229: payments, but the authorities have
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Page 232 and 233: outcome is far from certain. There
Page 234 and 235: existing links, at locations within
Page 236 and 237: 6. Forms of co-investment6.1 Partne
Page 238 and 239: 8. Taxation and incentives8.1 Direc
Page 240 and 241: 10. Labour laws10.1 Foreign workers
Page 242 and 243: GILLETT, PRESTON AND ASSOCIATES INC
Page 244 and 245: Page 21. EXECUTIVE SUMMARYPearl far
Page 246 and 247: Page 42. BACKGROUNDPast research su
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Page 252 and 253: Page 10alternative products. Most m
Page 254 and 255: Page 12fisheries-related activities
Page 256 and 257: Page 144.3. PolicyThe current gover
Page 258 and 259: 5.2. Stocking densityPage 16Mature
Page 260 and 261: Page 18or harmful fouling organisms
Page 262 and 263: Page 20In addition to licensing und
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Page 266 and 267: Page 24provide them with technical
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Page 270 and 271: Page 28Ministry of Development Plan
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Page 30‘seeding’ means the impl
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Page 326. Provision of statistical
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Page 3414. Aggrieved person may app
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Page 36Division V. Importation, mov
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Page 38(2) Separate fees are payabl
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Page 40Other forms of government su
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Page 42Solomon IslandsPEARL FARMING
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