Papua New Guinea can loose up to 6-billion Kina in exports if it enters into the PACER Plus trade agreement.
This is according to the Minister for Trade, Commerce and Industry, Richard Maru who says the arrangement will an impact on the incomes derived from excise duty and wipe out P-N-Gs manufacturing industries. He says PNG can up to 6-billion Kina in exports unless it develops its local industries and trade infrastructure to compete competently internationally. Mr Maru adds PACER Plus arrangement does not recognise the unique and special needs of Forum Island countries, is only done to suit the needs of bigger players like Australia and New Zealand. Therefore P-N-G will not sign up to the agreement. Minister Maru said, he does not support the Placer Plus negotiations in terms of what Australia/New Zealand are pushing and they have to understand what our issues are and we have go to where the concern of our issues and that is extremely clear. He satate that he has conveyed that message in Fiji and Fiji and PNG are united on this front and do not support the Placer Plus negotiations. The Minister said that as long as it talks about removing current tariff, embargoes, reducing it down or even admin tariff or giving other preferential treatment to Australia/New Zealand, he will never support" The PACER PLUS Agreement is currently being negotiated between fourteen Pacific island countries with Australia and New Zealand.
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