The Member of Parliament (MP) for West Are’are has raised an urgent concern regarding the protection of locally owned shipping companies during his comment to the Ministry of Infrastructure Development in the 2025 Appropriation Bill 2024 debate in Parliament. In a highly competitive shipping industry, the MP emphasizes that foreign-owned companies are increasingly dominating the market, threatening to push indigenous companies out of business.
With the industry becoming more lucrative, there is growing concern that foreign investors could seize full control, leaving no room for local businesses to thrive. The MP argues that this trend is detrimental to the local economy and could undermine the growth of Solomon Islands’ indigenous enterprises in this sector.
To counter this, the MP has called on the Ministry of Infrastructure Development (MID) to prioritize the protection and growth of locally owned shipping companies. By implementing policies that favor indigenous operators, including access to vital government contracts and financial support, the MID can help ensure these companies remain competitive. The MP’s call highlights the need for a strategic approach that fosters a fair and balanced playing field, preventing foreign companies from monopolizing the sector.
In the face of increasing competition, the MP for West Are’are urges government action to safeguard the interests of local shipping operators and ensure that the benefits of the shipping industry remain within the country.
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