SUNBIZ

Aussie Minister: This PACER Plus Will Help In Fiji, PM Bainimarama Disagrees Strongly

The Australian Government has expressed views that a successful PACER Plus will help Australia firms invest and trade in countries like Fiji and vice-versa. It believes a successful PACER Plus
20 Oct 2015 10:22
Aussie Minister: This PACER Plus Will Help In Fiji, PM Bainimarama Disagrees Strongly
Prime Minister Voreqe Bainimarama with Australian Minister for International Development and the Pacific, Steven Ciobo during the 22nd Australia Fiji Business Forum held the past week in Sydney, Australia.

The Australian Government has expressed views that a successful PACER Plus will help Australia firms invest and trade in countries like Fiji and vice-versa.
It believes a successful PACER Plus agreement will also help bring down market barriers across the Pacific. But Prime Minister Voreqe Bainimarama has disagreed, strongly questioning what Australia is pushing for.
Australian Minister for International Development and the Pacific, Steven Ciobo, made comments during the 22nd Australia Fiji Business Forum held the past week in Sydney, Australia.
The Pacific Agreement on Closer Economic Relations (PACER) Plus is clamed to offer Pacific Forum Island countries, including Fiji, better market access. This would not only be in terms of tariffs but also rules of origin, quarantine and trade facilitation.
“We want PACER Plus to revolutionise the economic growth prospects of Pacific Island nations, and to foster a greater sense of regional economic integration and stability,” Mr Ciobo said.
“Liberalising trade and economic reforms lead to a win-win situation: the economic pie increases for everyone.
“The benefits of liberalising trade reforms accrue to those countries, which are bold enough to undertake the reforms. PACER Plus will open up pathways to reform and be a catalyst for further growth.”
Meanwhile, Prime Minister Mr Bainimarama made his views known to the participants at the forum as well that our Government was not satisfied with the PACER Plus Agreement.
“One cannot negotiate such an agreement let alone sign it,” he said.
“Not when the fundamental premise of the proposed agreement fails to take into account the ground realities of the economies of small island developing states.
“Such an agreement must recognise the power differentials and the economic capacities between countries such as Australia and New Zealand on the one hand.
“And on the other Pacific Island states that lack comparatively the economic sophistication and economic strength.
“There must be this understanding if any such agreement is to have success.”

Fiji Sun Instagram
Fiji Plus
Subscribe-to-Newspaper
error: