Pacific Island Countries Trade Agreement

It was not signed by either Palau or the Marshall Islands. All signatory countries have ratified the treaty, with the exception of Micronesia. In March 2008, six countries announced that domestic agreements had been concluded under the agreement, allowing them to trade under the agreement:[26] Cook Islands, Fiji, Niue, Samoa, Solomon Islands,[27] Vanuatu. [28] The broader Pacific community is primarily concerned with promoting international development through technical and scientific advice and financing development projects and does not take security issues into account or is not a trading bloc. In addition, PICTA has negotiations with Australia and New Zealand on the extension of the free trade area. It should lead to better consumer protection in island economies in order to create jobs. The establishment of this regional market aims to increase foreign direct investment in remote Pacific islands. The ability to reach a harmonized market of 7 million people can encourage investors. At the Pacific Islands Forum meeting in Niue from 19 to 20 August 2008, heads of state and government discussed Pacific Plan priorities, including “Fishing, Energy, Trade and Economic Integration, Climate Change and Transport, Information and Communication Technologies, Health, Education and Good Governance.” Heads of state and government also discussed the effects of climate change and adopted the Niue Declaration on Climate Change. The re-establishment of democratic governance in Fiji was discussed, as were the consequences if the transitional government did not meet the deadlines.

[31] Regional support for the Solomon Islands and Naurus was discussed, followed by the debate on radioactive contamination in the Marshall Islands through tests carried out by the US government. Issues relating to the regional institutional framework and developments in the WTO Doha Round were discussed, followed by the debate on national initiatives and the Pacific Infrastructure Facility, launched on 19 August 2008, which will be made available by a AUD 200 million economic circle on a four-year economic circuit to improve infrastructure in Kiribati Samoa, Solomon, Tonga, Tuvalu and Vanatuu. [14] The United Nations has announced that it will work with Samoa to establish an inter-institutional climate change centre to help Pacific island states combat the effects of climate change in the region. [32] At the 2013 Forum, the Marshall Islands, supported by all other Pacific nations, asked the United States for compensation for nuclear tests conducted on the islands in the 1940s and 1950s. [33] [34] The Office of the Chief trade officer was established on 29 March 2010 to provide independent advice and support to the countries of the Iceland Pacific Forum (FICs) in trade negotiations with Australia and New Zealand.

Comments are closed.