By: L.N. Reklai
The European Union is deepening its engagement in the Pacific, with Palau in focus as both sides seek new pathways for collaboration and investment. At the recent EU Pacific Business Forum in Nadi—attended by more than 300 delegates, including Palau President Surangel Whipps Jr.—businesses and government leaders explored opportunities for increased economic cooperation and trade between the EU and Pacific states.
Upcoming Collaborations
According to EU Ambassador Barbara Plinkert, the forum represented a landmark effort to bridge gaps in knowledge and awareness between European and Pacific businesses: “There is a huge potential, I think, but there’s still not enough knowledge about each other…this business forum was a first attempt to start going in that direction, and to give an opportunity to Pacific and European companies to come together to explore opportunities, and also for governments…to discuss how we can work together to make it happen that there’s more trade and economic cooperation between our two regions”.
The EU’s Economic Partnership Agreement (EPA), which currently includes four Pacific Island nations, offers duty- and quota-free access to European markets. Palau is actively considering participation, which could help local industries—particularly in fisheries and potentially niche agricultural products—realize new export potential.
Focus Areas in Palau
Ambassador Plinkert highlighted ongoing EU-supported projects around biodiversity management and invasive species control. She pointed to joint efforts in designating and maintaining terrestrial protected areas, such as the “Forest of Hope” in Peleliu state, and
assistance to civil society groups. “We are supporting Palau in the management of its key biodiversity areas…and in the management of invasive species. These are key priorities for Palau, and we’re very happy to be able to support Palau in these national priorities”.
The EU is also a major partner in implementing the newly ratified international treaty on biodiversity beyond national jurisdiction (BBNJ), with Palau as the first signatory. Joint efforts with the Office of the Pacific Ocean Commissioner, based in Koror, will guide implementation, with financial and technical support from the EU.
Opportunities Ahead
Plinkert cited the EU’s Global Gateway strategy, combining public and private investment incentives, as a possible avenue for joint ventures in sectors such as fisheries, renewable energy, and digital connectivity. She noted that European innovation could be paired with local development to diversify Palau’s economy beyond tourism.
While Palau must finalize its accession to certain global tax governance conventions, ongoing dialogue with the EU points to a robust future for partnership in trade, environmental protection, and sustainable development.