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Monday, 28 July 2014

Fiji's EPA with EU could come at disadvantage

A Pacific trade lobby group says Fiji will be disadvantaged by its newly ratified economic partnership agreement with the European Union.

Fiji formally ratified the Interim Economic Partnership Agreement last week, seven years after its initial signing, allowing free access in the EU for all its products.

Fiji announced it had made the deal official because it needed to protect exports and jobs.

But Pacific Network on Globalisation coordinator Maureen Penjueli says Fiji has been strong-armed into ratifying a deal that does not recognise the needs of the developing economy.

"We think this is a very bad deal for Fiji," Ms Penjueli told Pacific Beat.

"The rules have become increasingly difficult for countries to sign onto deals that are developmental-friendly.

"It's really all about losing the policy to and sacrificing pretty much Fiji development policy state, that's the cost of signing the interim EPA."

Source: abc.net.au

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