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Lauren   October 12th, 2021   Uncategorized No Comments

countries do not have to apply for the standard GSP; the EU establishes or abolishes it by means of a delegated regulation. The EU may withdraw the standard GSP in exceptional circumstances, in particular in the case of serious and systematic violations of fundamental human and labour rights conventions. More information on the GSP, trade.ec.europa.eu/tradehelp/standard-gsp regional trade agreements play an increasingly important role in the organisation of the business environment, labour mobility and investment and contribute to the Sustainable Development Goals. The regional trade integration system has been strengthened through several mechanisms: the non-reciprocal agreements of the South Pacific Regional Economic and Trade Cooperation Agreement (SPARTECA), the free trade agreements concluded under the Pacific Island Countries Trade Agreement (PICTA) and pacific Closer Economic Relations plus PACER Plus between the Pacific Islands Forum Countries and Australia and New Zealand. Regions` access to the EU is defined by an Economic Partnership Agreement and other unilateral EU preferential regimes, such as the “Everything But Arms” (EBA) for least developed countries and the Generalised System of Preferences (GSP) for developing countries. The Everything But Arms system allows all products (with the exception of arms and armaments) to have full access to the EU internal market duty-free and quota-free. A country obtains EBA status if it is listed as the least developed country (LDC) by the United Nations Development Committee. Countries do not have to apply for EBA, they are listed or removed by delegated regulation. EBA preferences may be withdrawn in exceptional circumstances, in particular in the event of a serious and systematic breach of the principles set out in the fundamental conventions on human rights and labour law (see Article 19 of the Regulation (978/2012). More information on the EBA, trade.ec.europa.eu/tradehelp/everything-arms Achieving a high level of sustainable economic growth is an important development goal for forum countries. The Framework for Pacific Regionalism (2014) recognizes the need for a new inclusive and innovative approach that enables Heads of State and Government to address the unmet development needs of their populations. The Blue Pacific is an opportunity to demonstrate the value of networking within the Pacific – between traditional knowledge, science and integrated oceans management – and the fundamental link between oceans and trade and economic development. The Forum unites its common values, which guide all political development and implementation and work to deepen regionalism through economic and trade development (cooperation, integration, improved access to markets (goods, services, labour) and capital/finance.

There are many opportunities for the region, including the emerging economies of our north, new trade agreements within PACER Plus for trade and investment, and the revival of existing trade agreements in the region. The Secretariat will seek to improve public financial management and diversify sources of financing, the private sector through its Pacific Trade and Invest Offices (Australia, New Zealand, Japan and China, others will follow), improve access to private capital, expand market space among members through existing contracts and the multilateral trading system. Increase investment and improve infrastructure in the region. . . .

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