Honourable Prime Minister Tuilaepa Sailele Malielegaoi of Samoa at the opening of the 2014 Private Sector Partnerships Forum, Apia, Samoa.
The Small Island Developing States Global Business Network (SIDS-GBN) was an outcome of the Private Sector Partnerships Forum – a pre-conference event co-organised by the United Nations Office of the High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States (UN-OHRLLS), the Government of Samoa and the Samoa Chamber of Commerce and Industry at the 2014 Third International Conference on small island developing States in Samoa.
The SIDS-GBN is a platform aimed at advocating, catalyzing and encouraging international businesses to focus on SIDS as potential market opportunities and vise versa. Aside from acting as a resources hub, the SIDS-GBN will forge greater collaboration among SIDS regional private sector organisations and exploring avenues to strengthen inter-regional business alliances.
The SIDS-GBN will also foster greater awareness of the importance of sustainable development as a guide to promoting dynamic business sectors that are driven by innovation, inclusive economic growth and job creation, but firmly rooted in social, environmental and economic standards and respects the development aspirations of local communities in line with the SAMOA Pathway and the Sustainable Development Goals.
The SIDS-GBN is open to all stakeholders who are working towards the sustainable development of SIDS and support partnerships with SIDS private sector.
The SIDS Accelerated Modalities of Action Pathway (SAMOA Pathway) recognises the increasingly important role of the private sector in achieving the sustainable economic development of SIDS including through cooperation and partnerships with inter-governmental and public sectors.
The Network will encourage inter alia SIDS businesses to partner with each other to attain a critical mass that attracts international clients and investors. Promoting inter-regional exchange of best practices and lessons learned, sourcing SIDS market opportunities for potential investors and partners, serving as a global platform for exchanging business leads and referrals among SIDS regions and also with international partners are some of the practical ways in which the Network will contribute towards development of SIDS private sector.
The SIDS-GBN website is administered by UN-OHRLLS at UN Headquarters in New York.