30 Mar 2011

MSG officials in Fiji explore boosting trade

7:22 pm on 30 March 2011

Melanesian Spearhead Group trade officials say there is much room for improvement in trade among Melanesian countries.

Despite an increase in trading among the countries, MSG trade and economic officials, meeting in Fiji this week, have been told the full potential is yet to be discovered.

Johnny Blades reports from Suva.

"For an organisation that was principally established as a trade bloc, the Melanesian Spearhead Group remains concerned about relatively slow progress on trade among member countries. The director of trade and investment at the MSG secretariat, Mere Falemaka, says the need to tap into the full potential for inter-Melanesian trade as well as the emergence of other regional trade agreements, such as PACER Plus, has prompted the latest review of the latest MSG trade agreement, which first commenced in 1993. A revised MSG trade agreement, which may include new provisions on zero tariff and quarantine requirements, is expected to be signed off by the MSG leaders at their summit in Suva tomorrow."