Members of the Fiji New Zealand Business Council (FNZBC) have been encouraged to engage with the Pacific Agreement on Closer Economic Relations (PACER) Plus as consultations are ongoing nationwide.
David Dewar, the New Zealand Trade Commissioner to Fiji, emphasized this as an opportunity for businesses to collaborate and advance their trade initiatives. He highlighted the significance of recognizing Fiji’s inclusion in “the only substantial trade agreement that encompasses the entire region.”
Dewar pointed out that while negotiations are conducted by governments, they are fundamentally on behalf of the businesses and consumers involved in the trade of goods. He stated, “Trade is not something the governments do; trade is something that businesses do. We want it to work for you,” addressing FNZBC members during a cocktail event on Wednesday.
He further noted that businesses that engage intelligently with this agreement, understanding their interests and those of the broader country, can have a significant impact. They can provide valuable insights and raise awareness that aligns with their best interests, which extends beyond bilateral trade between New Zealand and Fiji to shaping Fiji’s economic policies and holding regional governments accountable.
Dewar concluded by emphasizing the potential power that trade agreements like PACER Plus can offer. Meanwhile, the Ministry of Trade, Co-operatives, SMEs, and Communications is conducting consultations with businesses, stakeholders, and the private sector to reassess their positions on PACER Plus.
PACER Plus is a regional trade agreement negotiated by Australia, New Zealand, and other Pacific island nations, aimed at addressing the unique challenges faced by Pacific economies and fostering greater trade and economic cooperation.