2. On the basis of equality and mutual benefits, the two governments wish to maintain and develop existing trade between India and the Tibet region of the People`s Republic of China. This agreement is a timely initiative of the Pakistani government to secure the market for its export products in Malaysia and to deepen economic and trade relations with an important member of the region. Both sides, who wish to take all appropriate measures to develop trade between the two countries, agree to consider in their entirety all proposals to promote trade. Following the expiry of the Cotonou Agreement, which led trade and economic relations between the EU and the ACP countries, Fiji has sought, under the PACP, to conclude a WTO-compatible regional EPA with the EU. The EU is a traditional market for Fijian sugar, while products such as fish, clothing, mineral water and certain agricultural raw materials are also establishing their presence in this lucrative market, which has around 507 million people in 28 EU Member States. In order to improve trade and economic cooperation with Fiji`s major trading partners, Fiji is a party to a number of trade blocs and trade agreements, of which PICTA is a key instrument on which fourteen Pacific Island States (PICs) have agreed to promote regional cooperation and integration through trade. Membership of the PICTA compromises of the Cook Islands, Federated States of Micronesia (WSF), Fiji, Kiribati, Nauru, Niue, Republic of the Marshall Islands (RMI), Palau, PNG, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu. PICTA was signed in 2001 and implementation of the agreement began in 2007. However, only seven countries, namely the Cook Islands, Fiji, Niue, Samoa, Solomon Islands, Tuvalu and Vanuatu, have announced their willingness to trade under PICTA and are currently implementing the agreement.
The FICs together have a population of more than 10 million and are a very important market for Fijian products. In the true sense of peace, Fiji will continue to support other FICS in the implementation of the picta trade in goods. ICPs are currently under discussion for the revision and revision of the rules of origin for trade in goods. The aim is to ensure that the application of the rules is easily understandable and enforced. The first MSGTA trade agreement or “MSG” “One” (MSGTA1) came into force in 1993, with the first three members “Papua New Guinea (PNG)”, Solomon Islands and Vanuatu, and a reciprocal free trade agreement solely for goods. To consolidate its status in the group, Fiji joined MSGTA1 in 1998. MSGTA1 played an important role in the process of regional integration in the MSG and the Pacific Conurbation.