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Countries and regions

Pacific

Pacific

The EU concluded an Interim Partnership Agreement with Papua New Guinea and Fiji in 2007. The agreement was ratified by the European Parliament in January 2011, and by Papua New Guinea in May 2011. The Government of Fiji decided to apply the Agreement in July 2014 so that all three partners are now implementing the Agreement.

The EU is currently negotiating a comprehensive Economic Partnership Agreement with all fourteen countries of the region (Cook Islands, Fiji, Kiribati, the Marshall Islands, Micronesia, Nauru, Niue, Palau, Papua New Guinea, Samoa, the Solomon Islands, Tonga, Tuvalu and Vanuatu). The comprehensive agreement would cover trade in goods, trade in services, development co-operation and trade-related issues like food health and safety issues, technical barriers to trade, agriculture, sustainable development and competition.

Trade picture

Pacific countries:

  • Cook Islands, Fiji, Kiribati, Marshall Islands, Micronesia, Federated States of, Nauru, Niue, Palau, Papua New Guinea, Samoa American, Samoa Western, Solomon Islands, Tonga, Tuvalu, Vanuatu
  • Regional trade is based on the Pacific Island Countries Agreement (PICTA), which is in the process of being implemented. The region is also negotiating a trade and cooperation agreement with Australia and New Zealand (PACER+).
  • Six countries in the Pacific region are currently members of the WTO, namely: Fiji, Papua New Guinea, Samoa, Solomon Islands, Tonga and Vanuatu.
  • Exports to the EU from the Pacific region are dominated by palm oil, coffee, coconut, and fish and caviar.
  • Imports from the EU to the Pacific region are dominated by electrical machinery and equipment.
  • Overall, trade between the EU and the Pacific countries is very small both in absolute and in relative terms.

EU-ACP Pacific Countries "trade in goods" statistics

Trade in goods 2011-2013, € billions
Year EU imports EU exports Balance
2011 1.3 0.8 -0.6
2012 1.3 1.0 -0.3
2013 1.0 1.1 0.2

EU-ACP Pacific Countries "trade in services" statistics

Trade in services 2010-2012, € billions
Year EU imports EU exports Balance
2010 0.9 0.7 -0.2
2011 0.9 0.7 -0.2
2012 0.9 0.5 -0.3

Foreign direct investment

Foreign direct investment 2012, € billions
Year Inward stocks Outward stocks Balance
2012 1.0 1.8 0.8

More statistics on the Pacific region

EU and the Pacific region

The interim Economic Partnership Agreement concluded between the EU and Fiji and Papua New Guinea liberalizes trade with the EU in goods, but do not cover the trade in services. The agreement includes:

  • duty and quota-free exports from Papua New Guinea and Fiji to the EU as of 1 January 2008
  • asymmetric and gradual opening of markets to EU goods, taking full account of differences in levels of development and sensitive sectors – for Papua New Guinea: liberalising 88% of EU imports with the agreement, excluding the most sensitive economic sectors (e.g. meat, fish, vegetables, furniture and jewellery) and for Fiji: committed to liberalise 14% of EU imports to the country, rising to a maximum 87% over 15 years, excluding products from sensitive economic sectors and important for revenue, (e.g. meat, fish, fruits and vegetables, alcohol, tubes and iron)
  • safeguard provisions: duties and quotas can be reintroduced if imports from the EU disturb or threaten to disturb the economy
  • provisions on technical barriers to trade TBT), and sanitary and phytosanitary (SPS) measures to help Pacific exporters meet EU import standards
  • customs and trade facilitation – efficient customs procedures and better co-operation between administrations
  • improved Rules of Origin for processed fisheries products from the Pacific which could boost development in the region

More information on the Interim Economic Partnership Agreement between the EU and Fiji and Papua New Guinea

Economic Partnership Agreements set out to help African Caribbean and Pacific (ACP) countries to improve their trade.

Trading with the Pacific region