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PNG could sign up to Pacer Plus by the end of the year: trade minister

PNG could sign up to Pacer Plus by the end of the year: trade minister
PNG could sign up to Pacer Plus by the end of the year: trade minister
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Papua New Guinea’s trade minister has hinted his country could potentially sign up to Pacer Plus trade deal with Australia, New Zealand and 12 Pacific island countries by the end of the year.

The Pacific Pacer Plus free trade deal was signed last year after eight years of talks but two of the biggest Pacific players, PNG and Fiji, opted to stay out, AAP reports.

PNG Foreign and Trade Minister Rimbink Pato said his country was reconsidering its stance.

Pato said his department would be reviewing what PNG wants out of participating.

“We have an open mind,” he said.

Asked if PNG could sign up by the end of the year Pato said: “That is a possibility, yes”.

PNG is looking to pursue free trade deals with China and the United Kingdom over coming years.

Port Moresby is hosting the Asia Pacific Economic Cooperation leaders summit in November which has a heavy focus on trade liberalisation.

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