Fiji is spearheading discussions aimed at strengthening economic relations between the United Arab Emirates (UAE) and Pacific Island Countries (PICs). This initiative includes expediting negotiations for a significant regional Economic Partnership Agreement (EPA), announced during a high-level virtual meeting last week led by Fiji’s Deputy Prime Minister and Minister for Trade, Manoa Kamikamica, and UAE representative Omar Al-Omar.
Mr. Kamikamica remarked that this partnership could transform the trade dynamics in the Pacific region, emphasizing the importance of swift negotiations for tangible outcomes for the participating nations. The framework of the EPA is slated to be introduced at the upcoming Pacific Trade Ministers’ Meeting on July 9–11 in Fiji, with continued negotiations projected through August. The goal is to finalize and announce the agreement at the Pacific Islands Forum Leaders’ Meeting scheduled for September.
To facilitate the process, it was confirmed that work on the draft EPA text would commence immediately, with the UAE preparing a baseline draft by leveraging existing agreements with Australia and New Zealand. Fiji’s Permanent Secretary for Trade, Shaheen Ali, has been designated as the national focal point to oversee technical and policy matters on the Fijian side. He expressed a clear objective: to secure a beneficial agreement in time for the Leaders’ Meeting.
The UAE’s commitment to fostering this strategic trade relationship aligns with the interests of the Pacific region, as they seek to support regional aspirations. Both sides recognize the immense opportunities that could arise from this collaboration, reflecting a growing interest in formalizing economic ties between the Gulf and Pacific regions.
Additionally, this development comes on the heels of previously announced initiatives, such as the establishment of the UAE-Fiji Joint Business Council (UFJBC), which aims to enhance trade and investment opportunities between the two nations. This council signals a renewed commitment to fostering economic ties and collaborative ventures that could significantly benefit businesses in Fiji and the UAE.
As discussions advance, there is a palpable sense of optimism surrounding the potential for economic growth and cooperation, not just for Fiji but for the broader Pacific community. The ongoing efforts to formalize these partnerships suggest a promising future for trade relations, highlighting a commitment to working together toward sustainable development and mutual prosperity.
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