AGP Executive Report
Last update: 12 hours agoNew Caledonia Competition Law: New Caledonia’s Congress has passed a competition bill targeting abusive practices like excessive pricing and late payments, with payment deadlines set at 30 days from invoice issuance and penalties for late payment to be set by decree. The law also tightens merger and acquisition controls and reintroduces deferred discounts between producers and distributors to help ease high costs. Regulatory Power Struggle: The government withdrew 10 articles that would have expanded the Competition Authority’s powers, citing a review ahead of its 10th anniversary—though employers’ group FEINC has pushed for curbs on the authority, even calling for its closure. Tourism Trade Boost: Fiji has won the bid to host the South Pacific Tourism Exchange (SPTE) in 2027, beating Tahiti Tourisme and signalling confidence in Fiji’s ability to deliver the region’s top tourism marketplace. Regional Mobility: The US has lowered its travel advisory for New Caledonia to Level 2, easing tourism concerns while still warning about petty crime and limited emergency support outside Nouméa.
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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