what impact would independence have on the archipelago’s economy?

A third and final referendum on the independence of New Caledonia will take place on Sunday 12 December. In duplex in the 23 hours of Franceinfo Thursday, December 9, the economist specializing in Overseas, Olivier Sudrie, does not believe that “France’s interests are really at the economic level. On the other hand, the geopolitical and geostrategic interests of a New Caledonia which would remain French, there, are very real especially since the positioning of France in this famous Indo-Pacific axis”.

Olivier Sudrie indicates that “Transfers from the metropolis to New Caledonia are important for New Caledonia, it represents about 15% of gross domestic product. We can imagine, and the government has said it very clearly, that in the event of independence, these transfers would not necessarily be maintained. Sébastien Lecornu (Minister of Overseas Territories) has said several times that this will be the fairly classic regime of official development assistance so we will not be at 15% of GDP therefore about 1.2 billion euros in transfers “, he specifies.