Tahiti Pearl Consortium, a new SEM is born

Cyril Roger Brossard

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An article by Mireille Loubet Friday, February 8, 2013 at 16:05.

PAPEETE, Friday, Feb. 8, 2013. While this new MES* was largely negated by professionals pearl before its creation, the TPC (Tahiti Pearl Consortium) is born on Friday morning, a deliberation of elected territorial assembly (28 votes for, 24 against).
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Is the TPC the perfect tool to save the pearl industry from the doldrums in which it sunk for several years now? Temauri Foster, Minister of Marine Resources is confident, confirmed it during the debate at the meeting. Sure of himself, but not persuasive. Even in the ranks of the majority UPLD, minus three representatives who have an interest in the pearl and could not, as such participate in the vote, there were questions about the TPC but not least: "Can the minister confirm that the creation of this SEM is the solution for the future of the pearl? Are you sure that this SEM is the key to our problems?.. I want answers, "said Hirohiti Tefaarere.

The responses from Temauri Foster came from his deep conviction rather than from verifiable facts and figures "Have we made the right choice? I remain convinced that professionals will join this strategy over time. " This satisfied the elected majority, but has not quieted the criticism of the opposition, no more than pearl professionals, including the members of the collective "Do not touch my pearl" present in the public.

The rushing of this project for the pearl, imposed without consultation by the professionals and denied by the tribunal last December does not play in his favor. "The excessive interventionism of policy in this area is a failure. We have already seen this with the Maison de la Perle "argued Fritch group Tahoeraa . The Maison de la Perle is going to disappear "as long as the TPC resume missions" said Temauri Foster.

As for the TPC, it is doomed to end to fully privatize "when private partners have found confidence" yet stated the Minister. The problem is to find private partners able to engage in at least 15% of the shared capital, for a total of 90 million Fcfp to the founding of the SEM. As for the results? In the report of the Committee on Economic Affairs, it is written: "On the basis of the collated and analyzed by the expert, the first projection of the rise of the TPC to 2018 to estimate a number of business multiplied by 8 for the period from 1 billion XPF to nearly 8 billion XPF, generating operating profits before tax over the same period to 15 million XPF to more than 1.2 billion XPF (...) In light of these perspectives, the estimation of a pearl market rebuilt and restored, capable of generating in 10 years a turnover of 50 billion XPF, is not a utopia. " This remains to be seen?


Stages of TPC

June 7, 2012: Gaetano Cavalieri, a consultant specializing in trade of jewelery hosts a conference on the pearl industry. Its strategic proposal is based on the creation of an international distribution company of Tahitian pearls.

August 2012: Gaetano sign with the country a commitment letter and began working on a new marketing model of the Tahitian pearl It will affect 22 million Fcfp for this study.

November 28, 2012: the professionals of the country denounced the plot of the local government to take control of the ecosystem of the Pearl, and create the group "Do not touch my pearl."

December 12, 2012: Papeete Administrative Court annuls the award procedure of the agreement to provide services for the implementation of the "Tahiti Pearl Consortium" through the House of pearl.

February 8, 2013: creation of the League of mixed economy Tahiti Pearl Consortium, whose capital is 85% owned by the country and 15% by private partners (who must make themselves known). The country committed 500 million Fcfp to the capital of the new SEM.


REACTION OF THE COLLECTIVE "TOUCH NOT MY BEAD"
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We, the Members of the Collective "Touch Not My Pearl" on this day Friday, February 8 participated to the special meeting of the Assembly of French Polynesia to hear the Minister of pearl demonstrate to colleagues how by the operation of the Holy Spirit, he would improve the pearl market value.
As in a Grimm?s saga, scrying with his crystal ball, he predicted a glorious future for the pearl with a new SEM, a strong capital 590 million (including 90 million hungry generous donors announced major dividends) and removing at term (long term ...) Maison de la Perle whose mission will be taken by the SEM above called "Tahiti Pearl Consortium."
Fortunately, we were pleased to see that the doubt hanged over much of Representatives regarding the reliability of such a project already changed several times in one month and it is very difficult to understand the rationale be.
It borders on indecency to spend 500 million for professionals who do not want it rather then investing said amount in vital sectors of the Territory.
But no matter, the important thing is to show that you did something before leaving. It's almost election?
And despite the many questions often remain unanswered, voting policy intervened and succeeded.
Thank you politicians, we will meet again in some time, we will never forget the future you decided for us without consultation.


*MES or SEM in French stands for (Societe Economie Mixte)
 
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