The ongoing negotiations on fisheries subsidies at the World Trade Organization (WTO) risk overriding one of the key benefits from a trade deal with the European Union, claims the Pacific Network on Globalisation (PANG). Speaking this week at the annual …The ongoing negotiations on fisheries subsidies at the World Trade Organization (WTO) risk overriding one of the key benefits from a trade deal with the European Union, claims the Pacific Network on Globalisation (PANG). Speaking this week at the annual World Trade Organization Public Forum, PANG told delegates that the negotiations on fisheries subsidies can place additional requirements on tinned fish exports from PNG and any other country that signs up to an interim Economic Partnership Agreement (iEPAs) with the EU. “The language being proposed by the European Union as well as other countries like New Zealand will make any new WTO rules apply to fish that lands in Pacific Island member states. This will undermine the hard negotiated win on global sourcing and make it even harder for Pacific Island Countries such as PNG to benefit from their most valuable natural resources,” comment PANG’s Trade Justice Campaigner, Mr Adam Wolfenden. In the interim Economic Partnership Agreement (iEPAs) a global sourcing clause applies to canned tuna, allowing Papua New Guinea to source fish from any country, process it domestically and then export to Europe with no import taxes applied to it. “The 2019 deadline is approaching and any Pacific WTO-Member like Fiji, Solomon Islands and Samoa that are looking to export fish to the European Union will need to examine these negotiations carefully to ensure that there is no winding back of benefits,” added Mr Wolfenden.
Source: pacific.scoop.co.nz
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