Tuvalu Ratifies Pacific Trade Agreement

April 30, 2008

Tuvalu has become the 11th Pacific Forum Country to ratify the Pacific Island Countries Trade Agreement (PICTA).

PICTA is a free trade agreement among the forum countries, which aims to gradually reduce import duties on goods that originate from the member countries.

The agreement came into force in 2003 and since then six members - Cook Islands, Niue, Fiji, Samoa, Solomon Islands and Vanuatu - have announced their readiness to trade under PICTA.

Source: Radio Australia

More Information on PICTA