AGP Executive Report

Last update: 2 hours ago

US Travel Update: The U.S. State Department has lowered its travel advisory for New Caledonia from Level 3 to Level 2, citing improved safety after the 2024 unrest, while still warning about petty crime outside Nouméa and limited emergency support beyond the capital. Competition Reform: New Caledonia’s Congress adopted a competition law targeting abusive practices like excessive pricing and late payments, tightening merger controls and setting 30-day payment deadlines, though it scaled back some powers of the competition authority after employer lobbying. Regional Fisheries & Trade: The Pacific Tuna Initiative expanded to Palau, building on work already underway in Fiji, Samoa and New Caledonia to strengthen sustainable tuna governance and ocean resilience. Kava Supply Pressure: Nouméa’s kava sector is bracing for higher costs as the price of imported Vanuatu kava chips reportedly jumped about 40% since early 2026, driven by fuel, freight and lower production volumes. Diplomacy & Influence: Papua New Guinea announced it will open a Paris embassy, aiming to deepen cooperation with France on climate, trade and security, with implications for Pacific partners including New Caledonia.

Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.

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Apr. 8, 2026

New Caledonia's mining sector sees a 25% increase in public investment and forecasts investments of 4.5 billion CFP

EIN Presswire

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Oct. 18, 2025

New Caledonia's FLNKS rejects delaying of territory’s regional elections

MENAFN

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Feb. 6, 2026

Update on changes to country groupings for International Banking Statistics

Bank of England

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Jul. 14, 2025

France agrees to grant expanded self-governance to New Caledonia

MENAFN

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Jul. 13, 2025

France Grants Increased Autonomy to New Caledonia

MENAFN

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Apr. 23, 2026

Eramet: strong turnover momentum in Q1 2026 driven by a solid operational performance

GlobeNewswire, Inc.

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