(11) 98404-4242 | (11) 3875-2822



Types Of Trade Agreement In Fiji

The forum members are contracting parties to sub-regional trade agreements, the most important being the Melanesian Spearhead Group trade agreement between the four MSG countries (Fiji, Papua New Guinea, Solomon Islands, Vanuatu) and Micronesian trade and economic cooperation between the Federated States of Micronesia, Marshall Islands and Palau. Picta is a key instrument on which 14 Pacific Island States (NIC) have agreed to promote regional cooperation and integration on trade. Membership of the PICTA compromises of the Cook Islands, Federated States of Micronesia (WSF), Fiji, Kiribati, Nauru, Niue, Republic of the Marshall Islands (RMI), Palau, PNG, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu. PICTA was signed in 2001 and implementation of the agreement began in 2007. However, only seven countries, namely the Cook Islands, Fiji, Niue, Samoa, Solomon Islands, Tuvalu and Vanuatu, have announced their willingness to trade under PICTA and are currently implementing the agreement. The FICs together have a population of more than 10 million and are a very important market for Fijian products. In the true sense of peace, Fiji will continue to support other FICS in the implementation of the picta trade in goods. ICPs are currently under discussion for the revision and revision of the rules of origin for trade in goods. The aim is to ensure that the application of the rules is easily understandable and enforced.

Multilateral trading centres around the World Trade Organization (WTO) and Fiji, established in 1995, joined the WTO in 1996. The WTO promotes the principle of non-discrimination, trade liberalization and the elimination or elimination of non-trade barriers to trade through its systems and procedures. Fiji, as an active member, continues to respect and promote these principles. Fiji is participating in the Doha Development Agenda (DDA) negotiations as a member of the Small Economies at Risk (SVE) group. Fiji is also a member of the Caribbean and Pacific Oceans (ACP), the G-90 and the G-77. The TFA contains provisions to expedite the transfer, release and release of goods, including goods in transit. Measures are also planned for effective cooperation between customs and other relevant authorities on trade facilitation and tariff compliance. It also contains provisions for technical assistance and capacity building in this area. The treaty establishing the Economic and Commercial Community of Micronesia (MTEC) was negotiated between 2012 and 2014 and recently signed on 3 September 2014 by the presidents of the Federated States of Micronesia, the Republic of the Marshall Islands and the Republic of Palau. MTEC`s long-term vision and objectives are to work towards the creation of a commercial and economic “community” of shared prosperity, in order to support the achievement of sustainable and equitable socio-economic development of Member States and to improve the standard of living and quality of life of their populations.

No Comments

Sorry, the comment form is closed at this time.