Economic Stakeholders Urge Action Following New Caledonia Agreement
Economic stakeholders in New Caledonia call for action following a new agreement aimed at revitalizing the local economy.
Key Points
- • Agreement signed on July 12, 2025, by independentist and non-independentist groups.
- • Includes a 'pact for economic and financial refoundation' for future development.
- • Strategic plan for the nickel sector to be established based on four principles.
- • Mixed reactions, with some leaders stressing the need for local reforms.
On July 12, 2025, a significant agreement concerning New Caledonia was formalized in Bougival, involving both independentist and non-independentist groups. This agreement, discussed by various economic and social stakeholders, aims to lay the groundwork for future economic revitalization in the region. Key elements include a 'pact for economic and financial refoundation,' which is set to be developed further under state guidance.
Mimsy Daly, the president of Medef NC, emphasized the urgent need to "transform words into action," calling for a robust economic framework. The agreement envisions a strategic plan focused on the nickel sector, founded on four guiding principles, underscoring its importance in the local economy. Christophe Dothieux, vice-president of the CGPME, noted that the nickel sector could provide a sovereign fund to stimulate growth in other industries, asserting that intentions must now transition into tangible actions over the next 15 to 20 years.
However, the reception of the agreement was not universally positive. Mélanie Atapo, leader of the USTKE union, expressed her disbelief at the need for an overarching political agreement for economic revival, suggesting that reforms should have been pursued locally rather than orchestrated in Paris. This sentiment highlights the ongoing tension between local and national stakeholders in addressing New Caledonia's economic challenges.
As discussions continue, the emphasis will be on implementing the agreement's principles effectively to foster lasting economic development in New Caledonia.