Fiji has stated it will not join the Pacific Agreement on Closer Economic Relations (PACER) Plus unless it provides clear benefits to the nation. Deputy Prime Minister and Minister for Trade, Cooperatives, and Small Medium Enterprises Manoa Kamikamica made this remark during PACER Plus consultations in Suva. The coalition government is currently examining the potential of joining this trade and development agreement.
Although Fiji actively participated in the PACER Plus negotiations, it chose not to sign the agreement due to concerns that it lacked sufficient flexibility and advantages to counterbalance potential risks and costs. Kamikamica emphasized that Fiji’s involvement in the negotiations stemmed from a commitment to promote regional cooperation and ensure that trade agreements genuinely support development.
While acknowledging the necessity to enhance Pacific trade, he noted that this is an aspect that requires careful consideration. Kamikamica highlighted that PACER Plus has the potential to generate jobs, stimulate economic growth, and improve the livelihoods of the people in the region by enhancing market access and leveraging trade values.
He pointed out that both the domestic and international economic landscapes have evolved, necessitating a thorough evaluation of the agreement. This assessment must determine if the current form aligns with Fiji’s development objectives and adequately addresses the required structural changes in its economy, such as diversifying and expanding the limited export base, strengthening supply chain resilience, and managing the trade deficit with Australia and New Zealand.
Kamikamica stressed the government’s duty to ensure that any trade agreement pursued is fair, equitable, and oriented toward development, ultimately benefitting the country. He expressed the importance of safeguarding national interests to ensure the agreement’s benefits are meaningful for Fijians. Furthermore, he indicated it is vital to reassess whether the decision to remain outside PACER Plus is still in Fiji’s best interest. The government must collaboratively evaluate if PACER Plus can genuinely serve as a catalyst for sustainable development.