Members of the Fiji New Zealand Business Council (FNZBC) have been encouraged to actively participate in discussions regarding the Pacific Agreement on Closer Economic Relations (PACER) Plus as nationwide consultations are underway.
David Dewar, the New Zealand Trade Commissioner to Fiji, highlighted the importance of collaboration among businesses to advance trade initiatives. He emphasized that it is crucial for the business community to recognize the benefits of including Fiji in “the only significant trade agreement that encompasses the entire region.”
Dewar pointed out that while negotiations are conducted by governments, they fundamentally serve the interests of businesses and consumers involved in trade. “Trade is not something the governments do; trade is something that businesses do. We want it to work for you,” he declared during a FNZBC cocktail event.
He added that businesses can make a significant impact when they engage intelligently with trade agreements. By understanding their own interests as well as national priorities, businesses can provide valuable insights and raise awareness that will be beneficial to them. Dewar noted that this could ensure that Fiji not only maximizes bilateral trade with New Zealand but also shapes its economic policies effectively.
Furthermore, he explained that robust trade agreements empower businesses to hold regional governments accountable, including those of their own and New Zealand.
The Ministry of Trade, Co-operatives, SMEs, and Communications is currently conducting consultations with businesses, stakeholders, and the private sector to reassess positions on PACER Plus. This regional trade agreement, negotiated by Australia, New Zealand, and several Pacific island nations, aims to tackle unique challenges encountered by Pacific island economies, facilitating improved trade and economic cooperation.