FIJI NEWS
October 05, 2012 12:00:00 AM
  Follow @ Twitter

Fiji's Attorney General and Minister for Industry and Trade, Aiyaz Sayed-Khaiyum, today congratulated Papua New Guinea on its move to remove duties from most of the products listed on the country's negative list, ahead of the timeframe prescribed in the MSG Trade Agreement.

He said the government has been calling on all member nations to fully implement the MSG Trade Agreement.

“We are pleased that PNG has heeded our call, as this will bring tangible benefits to Fijian exporters and will create jobs in Fiji.  It will also benefit Papua New Guineans, who will be able to enjoy quality Fijian products at competitive prices," he said in a statement.

“This has been a positive move by the PNG, which shows the true spirit of MSG. It has also signalled to other Pacific Islands Countries the commitment MSG countries have toward regional trade and economic integration.”

The Melanesian Spearhead Group, in 2005, revised the MSG Trade Agreement in order to remove all barriers to trade in the sub-region. It, however, allowed members to maintain tariffs on selected products (in a so-called negative list), which is an impediment to full trade liberalization.

“PNG is a lucrative and rapidly growing market in the region, with a total population of more than 7 million, and offers many exciting new prospects for Fijian businesses and new opportunities for job creation."

Fiji’s annual exports to PNG are approximately $7.6million (Fiji’s imports approximately $4.2 million from PNG annually), the majority of which will now enter PNG duty free.

PNG has maintained tariffs only on mackerel, salt and sugar, while the rest of the more than 400 items in their negative list have become duty free with the recent gazettal.

“The Ministry of Industry and Trade will work closely with the Fijian industries, to enable them to fully understand the rules and requirements of the MSG Trade Agreement so that more trade can take place under the Agreement,” said the Minister.

The landmark Memorandum of Understanding on the movement of skilled labour has given further impetus towards the sub-region achieving common economic union status.

There are tremendous benefits to be gained with the movement of skilled personnel in the MSG region, by creating opportunities for employment and meeting particular needs for skilled labour.

By Reginald Chandar

bang-bang


PREVIOUS STORY
Escapees want independent medical service
NEXT STORY
CCF pleads not guilty

Post a Comment
Bookmark and Share

 


Posted Comments
No comments, but you can post the first comment!
   





Do you think the Opposition is a worthy opponent against government in Parliament?
 Yes
 No


Poll Results: Current | Previous

Do you think the Opposition is a worthy opponent against government in Parliament?
Yes
 52%
No
 48%



More Polls
Press Esc to close this window
BUSINESS
Exchange suspends trading in FFF shares, notesSouth Pacific Stock Exchange (SPSE) has suspended trading in Future Forests (Fiji) Limited shares and notes after the company failed to release its audited financial statements for its financial year ending 30 June 2014.
SPORTS
Viriviri denied in debutSamisoni Viriviri scored a try in the first half but it was disallowed in his debut for Montepellier in the European Rugby Championship Cup match against Toulouse this morning.
WORLD
'Green'-tinted SUVs at Seoul Motor ShowGas-guzzling SUVs, eco-friendly electric cars and the odd brave attempt to marry the selling points of both are taking centre stage at the biennial Seoul Motor Show.
TECHNOLOGY
Vodafone Fiji, Tonga telco in allianceVodafone Fiji and Tonga Communications Corporation today signed a strategic partnership alliance that will allow the Tongan company to leverage off the experience of their Fijian counterparts.
ENTERTAINMENT
Logicís debut album Under Pressure out Oct 24After years of hard work in the studio and on the road, Logic has completed his debut album with Under Pressure due to release October 24, with the title track, Under Pressure, is now available.
HEALTH/FITNESS
Clean-up day to curb dengue outbreakFiji's Ministry of Health has declared a clean-up day next Thursday for residents in the central division as it ups the tempo against a dengue fever outbreak currently experienced in the country.
NEWS SPORTS INFOTAINMENT SERVICES MOBILE EXTRA HOT TOPICS