Fiji Time: 4:17 PM on Saturday 25 April

Fiji Times Logo

/ Front page / Business

Fiji off PNG list

Nasik Swami
Saturday, October 06, 2012

FIJI'S trade with Papua New Guinea could soon take a new turn following the removal of products listed on PNG's negative list.

In a press conference yesterday, Attorney-General and Minister for Trade Aiyaz Sayed-Khaiyum said the Bainimarama government had been calling on all member nations to fully implement the Melanesian Spearhead Group 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," Mr Sayed-Khaiyum said.

He said it was a positive move by PNG which showed the true spirit of MSG and signalled to other Pacific Islands the commitment MSG countries had towards regional trade and economic integration.

"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," Mr Sayed-Khaiyum said.

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

However, PNG has maintained tariffs only on mackerel, salt and sugar while the rest of about 400 items on 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."





Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Today's Most Read Stories

  1. Fijian accused of killing ex-partner
  2. Smart watch goes on sale
  3. Gospel shines
  4. Keeping it sexually safe
  5. $18m brew house
  6. Airline confirms position still vacant
  7. Lal bags another medal to his list
  8. LTA warns bus drivers against incomplete routes
  9. Blues prepare for Ba in Fiji FACT opener
  10. Cyber park interest

Top Stories this Week

  1. Gang rape Monday (20 Apr)
  2. Bloody Sunday Monday (20 Apr)
  3. Death shatters dream Monday (20 Apr)
  4. The murder of a schoolteacher Tuesday (21 Apr)
  5. Wish for son's death Monday (20 Apr)
  6. Wrong body for burial Thursday (23 Apr)
  7. Unclaimed body laid to rest Tuesday (21 Apr)
  8. Hunt for terrorist Thursday (23 Apr)
  9. Man dies in road accident Sunday (19 Apr)
  10. Rights over freehold land Wednesday (22 Apr)