Countries and regions
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. Fiji is not yet implementing the agreement, and has access to the EU under the Market Access Regulation.
The EU is currently negotiating a comprehensive Economic Partnership Agreement with all fourteen countries of the region (Cook Islands, East Timor, 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.
- Cook Islands, East Timor, 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+).
- Only countries in the Pacific region are 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
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EU-ACP Pacific Countries "trade in services" statistics
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Foreign direct investment
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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
- assymetric and gradual opening of markets to EU goods, taking full account of differences in levels of development and sensitive sectors – for Papua New Guinea: liberalizing 88% of EU imports with the agreement, excluding the most sensitive economic sectors (e.g. meat, fish, vegetables, furniture and jewelry) and for Fiji: committed to liberalize 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
Economic Partnership Agreements set out to help African Caribbean and Pacific (ACP) countries to improve their trade.
Trading with the Pacific region
- Importing into the EU from the Pacific region
- EU trade defence measures on imports from the Pacific region
- Exporting from the EU to the Pacific region
- The EU is present on the ground in the Pacific (EU Delegations in Fiji, Papua New Guinea, the Solomon Islands, Vanuatu)
- Trade relations are part of the EU's overall political and economic relations with the African, Caribbean and Pacific Group of States
- African, Caribbean and Pacific Group of States website
- Fiji, Papua New Guinea, Samoa, Solomon Islands, Tonga and Vanuatu are WTO members.
- Sustainability impact assessment on EU-African Caribbean Pacific (ACP) Trade Relations of the Economic Partnership Agreements (EPA)