13 Oct 2005

Fiji cabinet endorses PICTA

11:11 am on 13 October 2005

Fiji says it is ready to trade under the new Pacific Island Countries Trade Agreement or PICTA.

This follows cabinet endorsement of PICTA after its ratification in May this year.

Fiji's acting minister for foreign affairs and external trade, Pita Nacuva, says they have informed other parties to the agreement that Fiji is ready to trade with minimum or no duty on imports.

10 Pacific island countries have so far ratified PICTA which will see phased tariff reductions over eight to ten years.

Services such as aviation, shipping, health and telecommunications have been included in PICTA.