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Friday, 11 March 2011

EU Trade Commissioner De Gucht travels to Papua New Guinea

EU Trade Commissioner Karel De Gucht will make a key visit to Malaysia, Australia, New Zealand and Papua New Guinea between 13 and 21 March 2011. His first stop in Kuala Lumpur will focus on the progress made in the current negotiations of a Free Trade Agreement (FTA) with Malaysia. In Australia and New Zealand the Commissioner will discuss issues of common concern such as trade rules on raw materials and in New Zealand Commissioner De Gucht will represent the European Union at the national memorial service in Christchurch following the recent earthquake. During his final stop in Papua New Guinea the Commissioner will support a new Economic Partnership Agreement with the region covering duty-free, quota-free access to EU markets for goods. [...] The Economic Partnership Agreement (EPA) with the Pacific region, also covering Papua New Guinea, is, together with the EPA with the Caribbean, the only EPA that has completed the process of adoption and is now due for implementation. Papa New Guinea now has to take the necessary technical steps, such as gradually dismantling tariffs and establishing control systems on export subsidies for goods. For this EPA to deliver benefits to rural areas and small businesses it will be closely associated with development assistance for economic activities in rural areas.

Source: European Commission

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