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Trade Facilitation Programme Vital For Fiji

The implementation of the Trade Facilitation Programme (TFA) is expected to increase trade opportunities for Fijian businesses. This is through the (i) lowering transaction costs through harmonisation, mutual recognition and
28 Jun 2017 13:40
Trade Facilitation Programme Vital For Fiji
Shaheen Ali

The implementation of the Trade Facilitation Programme (TFA) is expected to increase trade opportunities for Fijian businesses.

This is through the (i) lowering transaction costs through harmonisation, mutual recognition and easier access to information; (ii) reducing time to deliver products to markets and customer; and (iii) enhancing market access.

Permanent Secretary for the Ministry of Industry, Tourism and Trade, Shaheen Ali, made these comments while opening the Trade Facilitation Agreement National Awareness and Strategy Visioning workshop in Suva yesterday.

The TFA came into force on 22 February 2017 and following the parliamentary processes, Fiji ratified the Agreement on 28 March 2017. With the completion of the ratification process, we now need collaboration from all agencies and stakeholders in the implementation of the agreement.

“The key expected outcome of this workshop is development of way forward and a national action plan for reforms that will be reported to the National Trade Facilitation Committee,” Mr Ali said.

“It is estimated that the full implementation of the TFA could reduce trade costs by an average of 14.3 per cent and boost global trade by up to $1 trillion per year, add 21 million new jobs and lower the cost of doing international trade by 10–15 per cent, benefiting countries like Fiji.”

Feedback: ivamere.nataro@fijisun.com.fj

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