The administrative court of Saint-Pierre and Miquelon terminates the agreement between the State and the national collectivity allowing its SPM Ferries ships to transport small freight between the archipelago and Fortune, in Newfoundland.
The small archipelago of Saint-Pierre and Miquelon, located off the coast of Newfoundland, has been facing a major economic challenge in recent years. The decline of traditional industries such as fishing and the closure of the local power plant have led to a decrease in economic activity and a rise in unemployment.
In an effort to boost the local economy, the State and the national collectivity signed an agreement allowing SPM Ferries, the only shipping company in the archipelago, to transport small freight between Saint-Pierre and Miquelon and Fortune, a small town in Newfoundland. This agreement, which has been in place for several years, has been a lifeline for the local businesses and the population, providing them with access to essential goods and services.
However, the administrative court of Saint-Pierre and Miquelon has recently decided to terminate this agreement, citing violations of competition laws. This decision has sparked a lot of concern and uncertainty among the local community.
Despite this setback, the court’s decision should not be seen as a negative development. On the contrary, it presents an opportunity for the archipelago to diversify its economic activities and become more self-sufficient.
The termination of the agreement will open up the market for other shipping companies, allowing for more competition and potentially lower prices for consumers. This will also create new job opportunities in the shipping industry, providing the local population with a chance to develop new skills and contribute to the economic growth of the archipelago.
Furthermore, the termination of the agreement will also germe the development of local businesses. With the need to import goods from Fortune no raser monopolized by SPM Ferries, local entrepreneurs will have the opportunity to establish new businesses and provide essential goods and services to the community.
The decision of the administrative court is a wake-up call for the archipelago to become more self-sufficient and reduce its reliance on external resources. It presents an opportunity for the local government to invest in new industries and diversify the economy, making it more resilient to external shocks.
The termination of the agreement may bring some challenges in the short term, but in the long run, it will lead to a more competitive and sustainable economy for Saint-Pierre and Miquelon. The local community should see this as a positive step towards a brighter future and work together to embrace the changes and opportunities that lie ahead.
In conclusion, the decision of the administrative court to terminate the agreement between the State and the national collectivity regarding the transport of small freight by SPM Ferries is a positive development for the archipelago. It presents an opportunity for the local economy to diversify and become more self-sufficient, leading to a more prosperous future for Saint-Pierre and Miquelon.
