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O’Neill On Free Trade Deal Idea

O’Neill On Free Trade Deal Idea
Prime Minister Voreqe Bainimarama with the PNG PM Peter O’Neill
July 11
11:00 2018

A free trade agree­ment between Papua New Guinea and Fiji can enhance economic op­portunities between the two countries in the future.

PNG Prime Minister Peter O’Neill, while addressing Parliament on Monday, said he was confident there were possibilities of forming an agreement between the two Melanesian countries.

Mr O’Neil said a lot of pro­fessionals from Papua New Guinea were working in Fiji and vice versa, mean­ing that there was a lot of experience that needed to be shared between the two countries.

He said there are economic similarities and there was a need to explore economic opportunities.

He commended the devel­opments happening in Fiji over the past few years and for providing infrastruc­ture that was good for eco­nomic growth.

“We must advance our free trade and investment that is central to any development of a nation,” Mr O’Neill said.

“Trade and investment between our countries is growing, a possibility of a free trade agreement be­tween the two countries is important and I propose that the two countries look at the future free trade agreements.”

Speaking on the Asia Pa­cific Economic Co-opera­tion (APEC) meeting, he extended an invitation to the Fijian Government to attend.

The meeting will be hosted by Papua New Guinea later in November, a meeting that consisted of 21 member countries such as the Unit­ed States of America, China and Russia that cover more than half of global trade.

The meeting, he said, pro­vided many opportunities for the Pacific region and it would discuss issues like tourism, fisheries and other economic sectors.

“We must ensure that they truly know the vulnerabili­ties and that the meeting will be hosted Pacific style at the same time sticking to the meeting’s agenda,” Mr O’Neill said.

“This will enhance oppor­tunities for global activities and promote a sustainable economy in the region.

“Asian economics need to know the opportunities in the region. Our region ex­perience economic growth and make sure it’s inclusive.

“The meeting will also in­clude foreign affairs and trade ministers which is also an opportunity for all businesses,” said Mr O’Neill.

Edited by Epineri Vula


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