World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 


Australia Welcomes Outcome of Pacific Trade Talks

Mr Bruce Billson MP
PARLIAMENTARY SECRETARY FOR FOREIGN AFFAIRS AND TRADE

Media Release
PS9 - Friday, 27 May 2005
Australia Welcomes Outcome of Pacific Trade Talks

A joint study will be undertaken on the potential impacts of a comprehensive framework for trade and economic cooperation between Pacific Island Forum countries, Australia and New Zealand, Parliamentary Secretary for Foreign Affairs and Trade, Bruce Billson said today.

Mr Billson, who is representing Australia at the Pacific Islands Forum trade ministers meeting in Fiji, said that trade ministers had agreed to the study in advance of discussions on a comprehensive framework for trade and economic cooperation.

"This agreement to conduct a study is important for the economic development of the island countries of the Pacific as they grapple with how best to take advantage of global trade liberalisation," Mr Billson said.

"It is important also for our own trade relations with the South Pacific – a market worth around $2 billion to Australia in 2004.

"Under the existing Pacific Agreement on Closer Economic Relations (PACER) that came into effect in 2002, there is provision for negotiation of a free trade arrangement including the island countries and Australia and New Zealand beginning in 2011, or potentially sooner if the island countries negotiate a free trade agreement with another developed country.

"Pacific trade ministers have agreed today that we must now take the first substantive steps towards such an arrangement. They have agreed to commission a joint study to investigate the potential impacts of a move towards a comprehensive framework for trade and economic cooperation between Australia, New Zealand and the Forum island countries.

"Ministers have agreed also to an analysis of the needs of island countries, including their capacity to deal with trade issues, and in the areas of trade promotion and structural reform."

ENDS

© Scoop Media

 
 
 
 
 
World Headlines

 

At The UN: Paris Climate Agreement Moves Closer To Entry Into Force

The Paris Agreement on climate change moved closer toward entering into force in 2016 as 31 more countries joined the agreement today at a special event hosted by United Nations Secretary-General Ban Ki-moon. More>>

ALSO:

ALSO:

Gordon Campbell: On The End Game In Spain (And Other World News)

The coverage of international news seems almost entirely dependent on a random selection of whatever some overseas news agency happens to be carrying overnight... Here are a few interesting international stories that have largely flown beneath the radar this past week. More>>

Amnesty/Human Rights Watch: Appalling Abuse, Neglect Of Refugees On Nauru

Refugees and asylum seekers on Nauru, most of whom have been held there for three years, routinely face neglect by health workers and other service providers who have been hired by the Australian government, as well as frequent unpunished assaults by local Nauruans. More>>

ALSO:

Other Australian Detention

Gordon Campbell: On The Censorship Havoc In South Africa’s State Broadcaster

Demands have included an order to staff that there should be no further negative news about the country’s President Jacob Zuma, and SABC camera operators responsible for choosing camera angles that have allegedly made the President ‘look shorter’ were to be retrained... More>>

ALSO:

Gordon Campbell: On A Bad Week For Malcolm Turnbull, And The Queen

Malcolm Turnbull’s immediate goal – mere survival – is still within his grasp... In every other respect though, this election has been a total disaster for the Liberals. More>>

ALSO:

Gordon Campbell: On Bidding Bye Bye To Boris

Boris Johnson’s exit from the contest for Conservative Party leadership supports the conspiracy theory that he never really expected the “Leave” option to win the referendum – and he has no intention now of picking up the poisoned chalice that managing the outcome will entail... More>>

ALSO:

Get More From Scoop

 
 
 
 
 
World
Search Scoop  
 
 
Powered by Vodafone
NZ independent news