Market Development Facility

Tonga to introduce Market Development Facility

The Australian state-funded economic initiative states its mission is to boost local employment and income opportunities.

A statement said the facility will be established with an estimated value of activities worth around AU$3.8 million in its initial four-year phase.

The Minister for Trade and Economic Development, Viliami Uasike Latu and Australia's High Commissioner, Rachael Moore signed a subsidiary arrangement for MDF, on 30 January 2023 in Nuku'alofa.

The program is also confirmed to start recruiting local staff.