A trade seminar to explore the benefits of the Economic Partnership Agreement between the European Union, Fiji and Papua New Guinea to local producers and exporters will be hosted by the Delegation of the European Union for the Pacific in collaboration with the School of Economics at The University of the South Pacific on Friday.
The Seminar titled Doing Business with Europe: How your business can benefit from the Economic Partnership Agreement, will be hosted at the Faculty of Business and Economics, Postgraduate Lecture Theatre, The University of the South Pacific, Laucala Campus, Suva.
Ahead of the seminar, the EU Ambassador to Fiji and the Pacific, Julian Wilson said: ”The European Union is the world’s largest single market and the EPA provides for free access into the EU for products from Fiji and Papua New Guinea.
In the Pacific region, Papua New Guinea has already ratified this Agreement and implementation is on-going. This market access advantage in PNG has triggered five new investments that have generated 50,000 new jobs, many of them for women.
Fiji has signed the EPA and, once it effectively implements and ratifies, it will be able to enjoy similar advantages. For example, duty-free and quota-free access to the EU market for processed fish, regardless of where that fish is caught.”
”In the Pacific, Fiji is one of the largest trading partners of the EU.
Fiji’s main exports to the EU are raw cane sugar, other agricultural products and fish. Fiji’s decision to ratify the EPA will be another very significant step in strengthening our economic links.
This Agreement is a true partnership for trade and development.
The EPA is one of the EU’s main tools to assist developing countries, such as Fiji, on their path to economic growth and diversification of their economies.” added Ambassador Wilson.