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PNG proposes a free trade agreement

July 9, 2018 5:00 am

Papua New Guinea, Prime Minister Peter O’Neill has proposed for a free trade agreement between Fiji and PNG.

Speaking to the country’s Parliamentarians in Suva this morning, O’Neill says trade and investment between the two countries are growing but it could be better.

He adds trade and investment is central to economic development for any nation, hence, both the Fijian and PNG economy can take advantage of this opportunity.

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“The Prime Minister says working together can benefit both countries by tapping into each other’s strengths and the collective strengths of the Pacific.”

O’Neill says he hopes to leave the discussion of a possible free trade agreement to the officials.

A free trade agreement involve cooperation between at least two countries to reduce trade barriers, import quotas and tariffs and to increase trade of goods and services with each other.

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