Fiji has emphasized its dedication to enhancing trade and economic relations with the European Union (EU) while urging for increased collaboration to tackle pressing issues faced by Pacific economies under the Interim Economic Partnership Agreement (IEPA). This commitment was articulated by Shaheen Ali, Fiji’s Permanent Secretary for Trade, who represented the nation at the 10th Trade Committee Meeting of the IEPA held in Brussels, Belgium.
During the Pacific-EU Parliamentary Assembly, Ali highlighted the vital role that trade plays in fostering sustainable and inclusive growth within the region. He noted that while the IEPA is instrumental in providing essential market access, there are several hurdles that need to be addressed. These include complex rules of origin, challenges related to trade infrastructure, and compliance issues stemming from the EU’s Green Deal. Ali stressed that overcoming these obstacles is crucial for maximizing the benefits of the IEPA.
A significant concern raised by Ali was the EU’s ongoing blacklisting of Fiji and other Pacific nations as non-cooperative tax jurisdictions. Despite Fiji’s substantial reforms, such as joining the Global Forum on Transparency and Exchange of Information for Tax Purposes in December 2023 and enhancing financial transparency measures, the country remains blacklisted as of December 2024. However, Ali expressed optimism that this status could change with ongoing improvements and dialogue.
Fiji is calling upon EU stakeholders to adopt a pragmatic and equitable approach that takes into account the unique challenges faced by small island developing states. Moreover, Ali welcomed the Samoa Agreement as a basis for deeper cooperation and indicated Fiji’s readiness to collaborate with its Pacific partners and the EU to develop a trading system that promotes long-term growth and resilience.
Ali concluded with a message of unity: “By working together, we can ensure that trade continues to drive economic growth, sustainable development, and regional integration.” This collaborative spirit reflects a hopeful outlook on the potential for improved trade relations and economic resilience in Fiji and the wider Pacific region.
In summary, Fiji’s commitment to enhancing ties with the EU and addressing the unique challenges of Pacific economies highlights the importance of sustainable trade practices, which could lead to significant long-term benefits for the region.
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