Pacific Island Countries Trade Agreement
See also: Pacific Agreement on Closer Economic Relations and South Pacific Regional Trade and Economic Cooperation AgreementThe Pacific Island Countries Trade Agreement (PICTA) aims to establish a free-trade area between fourteen of the Pacific Islands Forum countries. As of November 2006, it had been signed by twelve countries (not signed by Marshall Islands or Palau per PICTA status report): Cook Islands, Fiji, Kiribati, Micronesia, Nauru, Niue, Papua New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu, Vanuatu. As of March 2008, six countries had announced that domestic arrangements had been made enabling them to trade under the agreement: Cook Islands, Fiji, Niue, Samoa, Solomon Islands, Vanuatu.
After entry into force, countries commit to remove tariffs on most goods by 2021. As of April 2008, The Forum Island Countries are also negotiating an Economic Partnership Agreement (EPA) with the European Union. It is important to note that the PICTA discussed here covers only trade of goods. As of April 2008, there is an ongoing negotiation to design and agree on a protocol to include trade in services and the temporary movement of natural persons (a broader concept than the GATS's Mode 4).
The Office of the Chief Trade Adviser was established on 29 March 2010 to provide independent advice and support to the Pacific Forum Island Countries (FICs) in the PACER Plus trade negotiations with Australia and New Zealand.
Read more about this topic: Pacific Islands Forum
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