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	<title>Elysée-Oudinot agreement &#8211; Evening Report</title>
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		<title>Tributes pour in for Lionel Jospin, ‘father’ of the Nouméa Accord</title>
		<link>https://eveningreport.nz/2026/03/25/tributes-pour-in-for-lionel-jospin-father-of-the-noumea-accord/</link>
		
		<dc:creator><![CDATA[Asia Pacific Report]]></dc:creator>
		<pubDate>Wed, 25 Mar 2026 07:15:05 +0000</pubDate>
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					<description><![CDATA[OBITUARY: By Patrick Decloitre, RNZ Pacific correspondent French Pacific desk Political leaders and institutions have paid tributes for Lionel Jospin, the “father” of the 1998 Nouméa Accord, who died at the weekend aged 88. Jospin was a socialist prime minister who played a significant role in supervising the signature of the 1998 Accord, which paved ]]></description>
										<content:encoded><![CDATA[<p><strong>OBITUARY:</strong> <em>By <a href="https://www.rnz.co.nz/authors/patrick-decloitre" rel="nofollow">Patrick Decloitre</a>, <a href="https://www.rnz.co.nz/international/pacific-news/" rel="nofollow">RNZ Pacific</a> correspondent French Pacific desk</em></p>
<p>Political leaders and institutions have paid tributes for Lionel Jospin, the “father” of the 1998 Nouméa Accord, who died at the weekend aged 88.</p>
<p>Jospin was a socialist prime minister who played a significant role in supervising the signature of the 1998 Accord, which paved the way for increased autonomy for the French Pacific territory.</p>
<p>Ten years after the signing of the 1988 Matignon-Oudinot agreements which contributed to restoring civil peace after half a decade of quasi civil war, the Nouméa agreement was more focused on furthering the process.</p>
<figure id="attachment_125482" aria-describedby="caption-attachment-125482" class="wp-caption alignright"><figcaption id="caption-attachment-125482" class="wp-caption-text">Former French prime minister Lionel Jospin . . . played a significant role in supervising the signature of the 1998 Accord, which paved the way for increased autonomy for the French Pacific territory. Image: Wikipedia</figcaption></figure>
<p>Its emphasis was to ensure a gradual transfer of more powers from Paris to Nouméa, the creation of a local “collegial” government, the setting up of three provinces (North, South and Loyalty islands) and the notion of “re-balancing” resources between the North of New Caledonia (mostly populated by the indigenous Kanak population) and the South of the main island, Grande Terre, where most of the economic power and population are based.</p>
<p>There was also the embryonic concept of a New Caledonia “citizenship”. One of the cornerstones of this re-balancing was the construction of the Koniambo nickel processing factory, in the North of the main island.</p>
<p>But the project is now dormant after its key financier, Glencore, decided to mothball the plant due to a mix of structural cost issues and the rise of other global nickel players, especially in Indonesia.</p>
<p>In 1988, the Matignon Accord was negotiated and signed by then French Socialist PM Michel Rocard.</p>
<p><strong>Agreement signed</strong><br />A decade later, it was under Jospin that the Nouméa agreement was signed between pro-France leader Jacques Lafleur and pro-independence umbrella leaders, including Roch Wamytan (Union Calédonienne).</p>
<p>The Nouméa Accord also designed a pathway and envisaged that a series of three referendums should be held to consult the local population on whether they wished for New Caledonia to become independent.</p>
<p>The three referendums were held between 2018 and 2021.</p>
<p>Although the pro-independence FLNKS called for a boycott of the third referendum in December 2021, the three results were deemed to have resulted in three refusals of the independence.</p>
<p>Since then, under the Accord, political stakeholders have attempted to meet in order to decide what to do under the new situation.</p>
<p>Since July 2025 and later in January 2026, negotiations took place and produced a series of the texts since referred to as “Bougival” and “Elysée-Oudinot”.</p>
<p>But the FLNKS has rejected the proposed agreements, saying this was a “lure” of independence and only purported to make New Caledonia a “State” within the French realm, with an associated “nationality” for people who were already French citizens.</p>
<p><strong>Celebrated accord preamble</strong><br />One of the most celebrated passages of the Nouméa Accord is its preamble, which officially recognises the “lights” and “shadows” of French colonisation.</p>
<p>The approval of the 1998 text came as a result of tense negotiations between the pro-independence FLNKS and, at the time, the pro-France RPCR was the only force defending the notion of New Caledonia remaining part of France.</p>
<p>RPCR has since split into several breakaway parties.</p>
<p>FLNKS has also split since the riots that broke out in May 2024, materialising a divide between the largest party Union Calédonienne (now regarded as more radical) and the moderate PALIKA and UPM pro-independence parties.</p>
<p>In 1998, some of Jospin’s key advisers were Christian Lataste and Alain Christnacht, who later served as High Commissioners of France in New Caledonia.</p>
<p>“He was someone who was negotiating, was discussing and who respected his interlocutors and the Kanak civilisation,” Nouméa Accord signatory Roch Wamytan told local public broadcaster NC la 1ère.</p>
<p><strong>‘Obtaining solutions’</strong><br />“He also had this method for obtaining solutions and a consensus, out of a contradictory debate”.</p>
<p>PALIKA party (still represented by one signatory, Paul Néaoutyine) also paid homage to Jospin, saying they would remember the late French leader as a “statesman”, a “man of his word” who managed to foster a “historic compromise”.</p>
<p>“Through the Nouméa Accord, he managed to see the realities of colonial history and open the way for emancipation,” the party stated in a release.</p>
<p>“The historic (Nouméa) accord was a major step in (New Caledonia’s) decolonisation and re-balancing process,” New Caledonia’s government said in an official release on Tuesday.</p>
<p>“It allowed to set the foundations of a common destiny between (New Caledonia’s communities, founded on the recognition of the Kanak identity and the sharing of skills”, the release went on, stressing the importance of a “climate of dialogue, respect and responsibility, which are essential for New Caledonia’s institutional and political construction”.</p>
<p><strong>‘One of its greatest’ — Macron<br /></strong> In mainland France, tributes have also poured from all sides of the political spectrum.</p>
<p>French President Emmanuel Macron hailed “a great French destiny”.</p>
<p>“France is aware it has lost one of its greatest leaders,” former French President François Hollande wrote on social networks.</p>
<p>Manuel Valls, who was Overseas State Minister between December 2024 and late 2025, said as a young adviser in the late 1980s and later on, he had been inspired by both PMs Michel Rocard and Lionel Jospin when he was fostering negotiations and the resumption of talks between New Caledonia’s antagonist politicians in 2025.</p>
<p>The Nouméa Accord is still deemed valid until a new document is officially enshrined in the French Constitution.</p>
<p>Attempts to translate the Bougival-Elysée-Oudinot into a constitutional amendment are still underway in the coming days, this time through debates at the French National Assembly (Lower House), with a backdrop of parliamentary divisions and the notable absence of any conclusive majority.</p>
<p>In February 2026, the French Senate endorsed a Constitutional amendment bill to enshrine the project into the French Constitution.</p>
<p>But the text now required another endorsement from the Lower House, the National Assembly, and later another green light, this time from the National Assembly, then both Houses of the French Parliament (the Senate and the National Assembly, in a joint sitting of the French “Congress”.</p>
<p><span class="credit"><em>This article is republished under a community partnership agreement with RNZ</em><em>.</em></span></p>
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		<title>French Senate vote endorses New Caledonia’s future status</title>
		<link>https://eveningreport.nz/2026/02/26/french-senate-vote-endorses-new-caledonias-future-status/</link>
		
		<dc:creator><![CDATA[Asia Pacific Report]]></dc:creator>
		<pubDate>Wed, 25 Feb 2026 11:15:04 +0000</pubDate>
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					<description><![CDATA[By Patrick Decloitre, RNZ Pacific correspondent French Pacific desk French Senators have endorsed a Constitutional amendment text regarding New Caledonia’s future political status. Two-hundred and fifteen senators (mostly an alliance between right and centre-right parties) voted in favour, and 41 voted against. The four-hour sitting was marked by a lengthy address by French Prime Minister ]]></description>
										<content:encoded><![CDATA[<p><em>By <a href="https://www.rnz.co.nz/authors/patrick-decloitre" rel="nofollow">Patrick Decloitre</a>, <a href="https://www.rnz.co.nz/international/pacific-news/" rel="nofollow">RNZ Pacific</a> correspondent French Pacific desk</em></p>
<p>French Senators have endorsed a Constitutional amendment text regarding New Caledonia’s future political status.</p>
<p>Two-hundred and fifteen senators (mostly an alliance between right and centre-right parties) voted in favour, and 41 voted against.</p>
<p>The four-hour sitting was marked by a lengthy address by French Prime Minister Sébastien Lecornu, who supported the text, saying a status quo on New Caledonia was “not a viable option”.</p>
<p>He said to leave things as they were would amount to “abandoning France’s republican ideals, social progress and the renewed construction of peace” in the French Pacific territory.</p>
<p>“This [Bougival] agreement is not perfect”, Lecornu conceded, “but it is the best we have collectively come up with in four years of negotiations.”</p>
<div class="photo-captioned photo-captioned-full photo-cntr eight_col" readability="12">
<figure class="wp-caption alignnone"><figcaption class="wp-caption-text">The French Senate vote in favour of New Caledonia Constitutional Amendment Bill on Tuesday night. Image: nat_jpg/RNZ</figcaption></figure>
<p class="photo-captioned__information"><strong>New package, conditions<br /></strong> During the same address, Lecornu also outlined a new financial package for New Caledonia, in the form of a “refoundation pact” amounting some 2 billion euros (NZ$3.9 billion) over a five-year period.</p>
</div>
<p>Lecornu said the extra package contained some sizeable chunks dedicated to “strengthening (New Caledonia’s) attractiveness” (330 million euros) through the creation of trade free zones, tax exemptions for future investing businesses and another 500 million euros dedicated to support the crucial nickel mining and processing industry.</p>
<p>But not without conditions.</p>
<p>“A credible transformation plan was currently in the making,” Lecornu explained.</p>
<p>“To support and accompany, yes, but to fund losses indefinitely, no.”</p>
<p>The vote comes almost two years after unrest and riots in May 2024, leaving 14 dead and more than 2 billion euros in material damage, as well as hundreds of businesses looted and destroyed.</p>
<p>Since then, New Caledonia has struggled to put its economy (which suffered a reduction of its GDP by 13.5 percent) back on its feet.</p>
<p><strong>Trigger issue<br /></strong> The main triggering factor for the 2024 riots was a legislative process before the French Parliament in a bid to modify conditions of eligibility for New Caledonian citizens at local elections.</p>
<p>These elections are important because they determine the members of the three provinces (North, South and the Loyalty Islands), membership of the territory’s Parliament  (Congress), and members of New Caledonia’s government and its president.</p>
<p>The process was eventually aborted after initially peaceful protests (organised by one of the main components of the pro-independence FLNKS (Kanak and Socialist National Liberation Front) — Union Calédonienne, and its Field Action Coordinating Cell — degenerated into riots.</p>
<p>During the same sitting, French Senators have also endorsed another amendment that once again postpones the date of New Caledonia’s provincial elections to 20 December 2026 at the latest.</p>
<p>The crucial poll has already been postponed three times since its initial scheduled date of May 2024.</p>
<p>The Senatorial vote is only the first step in a longer legislative path for the text on New Caledonia, based on the transcription of talks that were held in July 2025 and in January 2026.</p>
<p>The meetings, which respectively resulted in texts dubbed “Bougival” and “Elysée-Oudinot”, were initially endorsed by a large majority of New Caledonia’s parties represented at its local Congress.</p>
<p>But since August 2025, the FLNKS has withdrawn its support, saying the proposed agreements do not represent a credible path to the full sovereignty they demand.</p>
<p>Over the past few weeks, intense lobbying has taken place both in New Caledonia and  Paris, both on the pro-independence and the pro-France side of the political chessboard, in order to win over French MPs.</p>
<div class="photo-captioned photo-captioned-full photo-cntr eight_col" readability="13">
<figure class="wp-caption alignnone"><figcaption class="wp-caption-text">FLNKS members with “No to Bougival” banners in Nouméa. Image: FLNKS /RNZ</figcaption></figure>
<p class="photo-captioned__information"><strong>‘Don’t repeat the errors of the past’ – Kanak Senator<br /></strong> Speaking during the Tuesday sitting, New Caledonia’s pro-independence (Union Calédonienne) Senator Robert Xowie, in a direct reference to the May 2024 riots, also warned the French government “not to repeat the errors of the past”.</p>
</div>
<p>“Kanaky-New Caledonia has already paid a heavy price because of the [French] government’s stubbornness,” he told senators.</p>
<p>The text tabled in the French Parliament proposes to establish a “State of New Caledonia” within the French realm, as well as a correlated New Caledonian “nationality” (tied to a pre-existing French nationality), as well as a new process of gradual transfer of powers from Paris. But at the same time it rejects any future use of referendums (an instrument regarded by Paris as “divisive”).</p>
<p>Between 2018 and 2021, as prescribed by the 1998 Nouméa Accord, three referenda have been held regarding New Caledonia’s self-determination. They resulted in three rejections of independence, even though the last poll — in December 2021 — was widely boycotted by the pro-independence movement.</p>
<div class="photo-captioned photo-captioned-full photo-cntr eight_col">
<figure class="wp-caption alignnone"><figcaption class="wp-caption-text">New Caledonia’s first pro-independence Senator Robert Xowie speaking before the French Senate last year. Image: Screenshot/Sénat.fr/RNZ</figcaption></figure>
</div>
<p>“It is because of these three votes, which say ‘yes’ to the French Republic, that this very republic must deploy its economic and social ambition, regardless of the future outcome of political talks”, pro-France Les Loyalistes leader Sonia Backès commented on social networks.</p>
<p>Another prominent pro-France politician, New Caledonia’s MP at the National Assembly, Nicolas Metzdorf, said Tuesday’s vote was “a first step”.</p>
<p>But the text, just like in 2024, also touches on the conditions of eligibility to gain the right to vote at local elections.</p>
<p>Until now, under the ageing Nouméa Accord (1998), the right to vote at local elections is “frozen” to a special roll that includes people born in New Caledonia or residing there before 1998, among other conditions.</p>
<p>“Unfreezing” the electoral roll would mean allowing some 12,000 more people born in New Caledonia and another 6,000 people who have been residing for at least an uninterrupted 15 years.</p>
<p><strong>‘Waiting for stability’<br /></strong> Opponents to the project, just like in 2024, argue that this opening would contribute to diluting the indigenous voice at local political elections.</p>
<p>The other Senator for New Caledonia, Georges Naturel (regarded as pro-France, Les Républicains party) abstained because “deep inside, I know this Constitutional reform will unfortunately not bring the stable and long term political solution New Caledonia needs”.</p>
<p>Socialist and Green Senators also abstained, saying any future comprehensive agreement has to include everyone, including the FLNKS.</p>
<p>Otherwise, “there is no lasting solution to ensure peace, stability and development”, Socialists leaders argued last week in an op-ed in national daily <em>Le Monde</em>.</p>
<p>They went even further saying that the text currently under scrutiny, <a href="https://www.lemonde.fr/idees/article/2026/02/17/nouvelle-caledonie-il-n-y-a-pas-de-solution-durable-assurant-la-paix-la-stabilite-et-le-developpement-sans-un-accord-consensuel-et-inclusif_6667048_3232.html" rel="nofollow">as it stands, is “ominous” and “dangerous”</a>.</p>
<p>The move, already announced last week by the Socialists, was designed to give the government “the opportunity to suspend debates on the text and call for provincial elections at the end of May or beginning of June 2026, instead of the now re-scheduled December 2026).</p>
<p>According to this scenario, this would then be followed by a new round of discussions, involving newly-elected members of New Caledonia’s Congress.</p>
<p>French Minister for Overseas Naïma Moutchou reacted to the Senate’s vote, saying New Caledonians “have gone through tiring months and are now waiting for stability and useful decisions regarding their day-to-day lives”.</p>
<p>Moutchou admitted the proposed process and associated calendar was “very imperfect and in parts very unsatisfactory . . . but it is indispensable. To stop this constitutional bill now would mean to close the door to the ongoing process since Bougival [talks],” she told a French Senate committee on 17 February 2026.</p>
<p>“We have to give this imperfect process a chance because it has the merit of providing visibility to local stakeholders,” she said.</p>
<div class="photo-captioned photo-captioned-full photo-cntr eight_col" readability="13">
<figure class="wp-caption alignnone"><figcaption class="wp-caption-text">France’s Minister for Overseas Naïma Moutchou . . . admits the proposed process is “very imperfect and in parts very unsatisfactory . . . but it is indispensable.” Image: Assemblée Nationale/RNZ</figcaption></figure>
<p class="photo-captioned__information"><strong>Uncertain support for future sittings<br /></strong> After this relatively comfortable vote, further down the legislative process, the text is to be tabled at the other House of Parliament, the National Assembly (Lower House), starting from 31 March 2026.</p>
</div>
<p>In the Lower House, opposition ranks are much stronger and therefore debates and process are expected to be much rockier, with the open support of large blocks of opposition, including far-left LFI (La France Insoumise, Unbowed France).</p>
<p>Another significant and openly declared opponent is the far-right Rassemblement National (RN).</p>
<p>Others include the Socialists, the Greens, the Communist Party, according to latest reports.</p>
<p>Later, since this is a Constitutional Amendment, both Houses of Parliament are expected to be summoned and to be endorsed validly, the Constitutional Bill needs to receive the support of three fifths of the joint sitting (called a Congress, held in the city of Versailles).</p>
<p><span class="credit"><em>This article is republished under a community partnership agreement with RNZ</em>.</span></p>
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		<title>Pro-independence FLNKS ‘unequivocally’ reject latest agreement for New Caledonia</title>
		<link>https://eveningreport.nz/2026/01/22/pro-independence-flnks-unequivocally-reject-latest-agreement-for-new-caledonia/</link>
		
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		<pubDate>Thu, 22 Jan 2026 00:19:58 +0000</pubDate>
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					<description><![CDATA[By Patrick Decloitre, RNZ Pacific correspondent French Pacific desk The signing of a new agreement on New Caledonia’s political and financial future has triggered a fresh wave of reactions from across the French territory’s political chessboard. The Elysée-Oudinot agreement was signed on Monday, January 19, in the presence of French President Emmanuel Macron as well ]]></description>
										<content:encoded><![CDATA[<p><em>By <a href="https://www.rnz.co.nz/authors/patrick-decloitre" rel="nofollow">Patrick Decloitre</a>, <a href="https://www.rnz.co.nz/international/pacific-news/" rel="nofollow">RNZ Pacific</a> correspondent French Pacific desk</em></p>
<p>The signing of a new agreement on New Caledonia’s political and financial future has triggered a fresh wave of reactions from across the French territory’s political chessboard.</p>
<p>The Elysée-Oudinot agreement was signed on Monday, January 19, in the presence of French President Emmanuel Macron as well as most of New Caledonia’s politicians.</p>
<p>But the pro-independence FLNKS (Kanak and Socialist National Liberation Front), the largest component of the pro-independence movement, <a href="https://www.rnz.co.nz/international/pacific-news/584222/flnks-sends-in-late-request-to-join-paris-talks-on-new-caledonia-remotely" rel="nofollow">had chosen not to travel to Paris</a>.</p>
<p>The new deal, <a href="https://www.rnz.co.nz/international/pacific-news/584502/another-new-caledonia-agreement-signed-in-paris" rel="nofollow">signed by parties represented at New Caledonia’s Congress (its local parliament)</a>, including members of the moderate pro-independence PALIKA (Kanak Liberation Party) and UPM (Union Progressiste en Mélanésie), who have split from FLNKS, all signed the agreement.</p>
<p>PALIKA and UPM are formed into a Parliamentary caucus called “UNI” (Union Nationale pour l’Indépendance).</p>
<p>The Elysée-Oudinot text was described as being a “complement” bearing “clarifications” to a previous agreement project, signed in July 2025 in the small city of Bougival, west of Paris.</p>
<p>The FLNKS, even though it initially signed the Bougival text, <a href="https://www.rnz.co.nz/international/pacific-news/571311/french-minister-for-overseas-pushing-ahead-with-bougival-agreement-despite-flnks-snub" rel="nofollow">rejected it in bloc a few days after returning to New Caledonia</a>.</p>
<p>As French President Macron <a href="https://www.rnz.co.nz/international/pacific-news/584392/pro-france-mps-confront-macron-at-new-caledonia-talks" rel="nofollow">called all politicians back to the table to refine the July 2025 talks</a>, FLNKS announced it would not travel to Paris, saying the project which would serve as the basis for further talks did not meet their short-term goals of full sovereignty.</p>
<p>They said the Bougival text and all related documents were in substance “lures” of independence and that they regarded the French state as being responsible for a “rupture of dialogue”.</p>
<p>As the Bougival initial text, its Elysée-Oudinot complement maintains the notion of creating a “state of New Caledonia”, its correlated “nationality” and introduces a new set of commitments from France, including a package to re-launch the local economy, severely damaged as a result of <a href="https://www.rnz.co.nz/international/pacific-news/519351/9-dead-since-start-of-new-caledonia-unrest" rel="nofollow">the riots that broke out in May 2024</a>.</p>
<p>The new text also mentions granting more powers to each of New Caledonia’s three provinces (North, South and the Loyalty Islands group), including in terms of revenue collection by way of taxes.</p>
<p>This, the FLNKS protested, could erode the powers of New Caledonian provinces and reinforce economic and social inequalities between them.</p>
<p>Reacting to the signing in Paris in their absence, the FLNKS, <a href="https://www.facebook.com/FLNKSOfficiel/posts/1177261771237731?ref=embed_post" rel="nofollow">in a media release on Wednesday</a>, condemned and rejected the new text “unequivocally”.</p>
<figure id="attachment_122632" aria-describedby="caption-attachment-122632" class="wp-caption alignnone"><figcaption id="caption-attachment-122632" class="wp-caption-text">New Caledonia’s territorial President Alcide Ponga signs the Elysée-Oudinot agreement in Paris . . . endorsed by most parties but minus the pro-independence FLNKS. Image: Jean Tenahe Faatau/Outremers360/LNC</figcaption></figure>
<p>FLNKS President Christian Téin, in the release, said the new agreement endorses a “passage en force” (forceful passage) and is “incompatible” with the way the FLNKS envisages Kanaky’s “decolonisation path”, including in the way it is defined under the United Nations decolonisation process.</p>
<p>It also criticises a document signed “without the Indigenous people” of New Caledonia.</p>
<p>The pro-independence party also expressed its disapproval of what it calls a “pseudo-accord”.</p>
<p>“We will use every political tool available to us to re-alert, again and again the public”, FLNKS politburo member Gilbert Tyuienon told public broadcaster Nouvelle-Calédonie La Première at the weekend.</p>
<p>French Minister for Overseas Naïma Moutchou had reiterated, even after the signing in Paris, that the door remained open to FLNKS.</p>
<p>In reaction to the signing, other parties have also expressed their respective points of view.</p>
<p>“Why didn’t they come [to Paris] to defend their positions, since they were invited?” Southern Province President (pro-France) Sonia Backès wrote on social networks.</p>
<p>“Does UNI not represent the Kanak people too?” she added.</p>
<p>French Minister for Overseas Naïma Moutchou said this new set of agreements reflected a “shared will to look at the future together”.</p>
<p>“Now the territory can walk on its two legs”.</p>
<p>Some of the pro-France parties, who want New Caledonia to remain a part of France, have however acknowledged that even though the new documents were signed, the road ahead remained rocky in terms of its implementation in the French Parliament, through a local referendum and related constitutional amendments.</p>
<p><strong>‘We’ve done the easiest part’ — Metzdorf<br /></strong> New Caledonia’s MP at the French National Assembly, Nicolas Metzdorf said a huge challenge still remained ahead.</p>
<p>“We’ve done the easiest, the hardest part remains . . .  This is to obtain the [French] Parliament’s support, both Houses, to enact the accords in the French Constitution.”</p>
<p>Following a very tight schedule in the coming weeks, the texts will be submitted to the vote of both Parliament Houses, first separately, then in a joint chamber format (the Congress, for constitutional amendment purposes).</p>
<p>Then the text is also to be submitted to New Caledonia’s population for approval through a referendum-like “consultation”.</p>
<p>In a way of foretaste of what promises to be heated debates in coming weeks, with a backdrop of strong divisions in the French Parliament, Moutchou and far-left MP Bastien Lachaud (La France Insoumise, LFI) waged a war of words on Tuesday in the National Assembly.</p>
<p>Responding to Lachaud’s accusations which echoed those from FLNKS, Moutchou denounced the “passage en force” claim and the absence of “consensus”.</p>
<p>“FLNKS was never excluded from anything. It was invited, it was approached, it was awaited, just like the other ones. It chose not to turn up,” Moutchou said.</p>
<p>“The politics of empty chair was never conducive to a compromise,” she said as Assembly Speaker Yaël Braun-Pivet had to call the LFI caucus back to order.</p>
<p><strong>Strong financial component<br /></strong> Some of the financial aspects of the deals include a five-year “reconstruction” plan for New Caledonia, for a total of 2.2 billion euros (NZ$4 billion), presented to New Caledonia’s politicians by French Prime Minister Sébastien Lecornu.</p>
<p>This chapter also comes with revisiting previous French loans for more than 1 billion euros, which New Caledonia found almost impossible to repay (with an indebtedness rate of 360 percent).</p>
<p>The loans, under the agreement’s financial chapter, would be renegotiated, re-scheduled and possibly converted into non-refundable grants.</p>
<p>Meanwhile a two-year repayment holiday (2026-2027) would be applied, while a far-reaching reform programme is expected to be pursued.</p>
<p>“What people really expected was [economic] prospects. This is the main part of this accord, the economic refoundation,” commented Vaimu’a Muliava, from Wallis-based Eveil Océanien party after the Paris talks.</p>
<p>The new financial arrangements would also provide a much-needed lifebuoy to critically threatened mechanisms in New Caledonia, such as its retirement scheme or the power supply company.</p>
<p><strong>More injections for the nickel industry<br /></strong> Another 200 million euros is also earmarked to bail out several nickel mining companies facing critical hardships.</p>
<p>This includes assistance aimed at supporting business and employment for French historical Société le Nickel (SLN), Prony Resources and NMC (Nickel Mining Company, which has ties to Korea’s POSCO).</p>
<p>The French government has also pledged to follow-up on a request to New Caledonia’s nickel mining and refining declared a “strategic” sector by the European Union.</p>
<p>“The agreement’s economic chapter was as necessary as the political one,” said New Caledonia’s President Alcide Ponga after the signing.</p>
<p>Another cash injection was directed to this year’s budget for New Caledonia, which benefits from a direct cash injection of 58 million euros.</p>
<p><span class="credit"><em>This article is republished under a community partnership agreement with RNZ</em>.</span></p>
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<p>Article by <a href="https://www.asiapacificreport.nz/" target="_blank" rel="nofollow">AsiaPacificReport.nz</a></p>
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