SUNBIZ

EU Team To Visit PNG Then On To Fiji And Solomon Islands

A mission from the European Commission Directorate General for Trade in Brussels (Belgium) will visit Papua New Guinea this week. The mission will be led by Eelke Postema, Trade Affairs
16 Feb 2015 10:14
EU Team To Visit PNG Then On To Fiji And Solomon Islands

A mission from the European Commission Directorate General for Trade in Brussels (Belgium) will visit Papua New Guinea this week.

The mission will be led by Eelke Postema, Trade Affairs manager for the Pacific. The team also includes Trade Co-ordinator, Mr Yves Lecompte.

The team will visit Port Moresby from February 17 to 19 and then go to Lae from February 20 to 21 before leaving for Solomon Islands and Fiji.

The main objective of the mission is to review and discuss the implementation of the Trade Agreement between Papua New Guinea and the European Union (interim Economic Partnership Agreement iEPA).

European Union Ambassador Dihm in announcing the visit said: “This Agreement has delivered strong benefits in terms of investments and jobs.

“The team will have a close look at its implementation and how it can be further strengthened to deliver even more benefits in future.”

The EU trade team will pay a courtesy call on PNG’s Minister for Trade, Commerce & Industry, Richard Maru, and meet with relevant officers of the Department of Trade, Commerce and Industry – Trade Division.

The team will then have exchanges with PNG Customs officials and the PNG private sector stakeholders both in Port Moresby and in Lae.

Among other issues, the mission will discuss the agenda for the upcoming 4th iEPA Trade Committee Meeting which is the high level forum under iEPA.

This is proposed to be held later this year at the EU Headquarters in Brussels (Belgium).

The Committee will for the first time also see the participation of Fiji, which have recently decided to implement the agreement.

Already the European Union is the largest importer of Papua New Guinea’s non mineral exports in particular agricultural and fishery products.

Exports have risen considerably following the conclusion of the Trade Agreement five years ago.

The Agreement allows for duty free and quota free access to the large European Union market for all products made in Papua New Guinea.

 

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