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PICTA trade agreement needs modernisation
9:06 pm GMT+12, 13/02/2020, Fiji

Pacific Trade Ministers’ have agreed that the Pacific Island countries trade agreement needs to be modernised.
 
This was highlighted as one of the key outcomes of the 2020 Foreign Ministers’ Meeting that concluded Thursday.
 
Fiji's Trade Minister Premila Kumar says that there are some complications with the rules of origin of the agreement that in a way restricts trade.
 
Kumar said that for this reason there is a great need to modernise the PICTA trade agreement.
 
She also highlighted issues they hope to continue discussions on at the 12th World Trade Organisation Ministerial Conference in Kazakhstan.
 
“This is where the Pacific solidarity is to ensures harmful fisheries subsidies are negotiated. There are harmful subsidies related to fisheries which is causing over fishing, unreported fishing which is affecting conservation and management of fisheries stock in our oceans.”
 
Trade Ministers’ also discussed emerging issues related to trade since it has implications on health and the environment as well.

SOURCE: FBC NEWS/PACNEWS


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