AGP Executive Report
Last update: 3 hours agoDeep-Sea Minerals Dealmaking: Deep Sea Minerals has signed a non-binding LOI with Westwin Elements to explore U.S. processing routes for polymetallic nodules—pending subsea rights, permits and a future definitive joint development agreement. Pacific Politics & Security: Greens MP Teanau Tuiono backs tighter rules on donations and lobbying, while warning that growing U.S. involvement in the Pacific—including in the Cook Islands—could tilt toward military basing. Journalism & AI: A Pacific Media summit in Fiji says AI should support journalists, not replace them, with “human-in-the-loop” checks and strong verification. Tongareva Infrastructure, Dual Use Debate: A Tongareva/Penrhyn wharf funding intention of about NZ$101.5m (with the U.S. and New Zealand) is reigniting discussion on whether upgraded port and airport infrastructure could serve military needs. Penrhyn NZDF Support: More than 50 NZDF personnel are working on Penrhyn projects under Exercise Tropic Twilight, including school upgrades, water stills, repairs, and hydrographic surveys. Cook Islands Finance Boom: Trust registrations hit a record 433, up 42% year-on-year, driven largely by U.S. asset protection demand—fueling fintech, regtech and compliance opportunities. Shipping & Costs: Cook Islands Ports Authority raised tariffs by 2% from July 1, with consumers expected to bear the cost. Fisheries Leadership: Cook Islands and other Pacific states pushed for stronger recognition of Pacific-led fisheries strategies at FAO COFI37 in Rome. Transport Innovation: Smartie Rides launched in Rarotonga, highlighting the need to update the 1967 Transport Licensing Act for ride-hailing services.
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