A joint statement by the European Commission’s Executive Vice President responsible for Trade, Valdis Dombrovskis, and Fiji’s Deputy Prime Minister and Minister for Trade, Cooperatives, Microenterprises, SMEs and Communications, Manoa Kamikamica, endorsed the treaty.

The pact stipulates the bilateral liberalization of trade, in order to boost Fiji’s integration into the global economy.

As a previous step, the EU had eliminated customs duties and quotas on all imports from the island, followed by the Fijian Government’s announcement that it will phase out tariff line duties on imports from the EU market.

On Tuesday, the European Commission (EC) released a new proposal to establish definitive additional levies on electric vehicles imported from China.

The document essentially maintains the postulates of a previous version, although it contemplates reducing some of the planned rates and specifies a regulation for Tesla products.

ied/omr/rgh/mjm