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PNG: Minister Pato signs ACP Administrative Cooperative Agreement

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Wednesday, 31 October 2018

PNG: Minister Pato signs ACP Administrative Cooperative Agreement

Papua New Guinea has taken steps to strengthen and deepen its Economic Partnership Agreement (EPA) with the EU and other ACP states that have similar trading arrangements. The Minister for Foreign Affairs and Trade, Hon Rimbink Pato who attended the ACP-EU Joint Ministerial Trade Meeting in Brussels, Belgium on 26 October 2018, signed the ACP Administrative Cooperation Agreement (ACA), making it possible for Papua New Guinea to enter into intra-ACP trade relations with the cumulation of the rules of origin. Under this WTO multilateral trading rules, countries within the same Trade Agreement region could cumulate rules of origin. Minister Pato said the ACA would give Papua New Guinea the benefit of using raw or semi-produced goods from other ACP countries that have Economic Partnership Agreement (EPA) with EU and exporting them as finished products from PNG to countries covered by the EU EPA.

Source: ACP Secretariat