| || || Kiloe, Ilan Anama|
| || || A brief assessment of the potential impact of economic partnership agreement (EPA) and pacer-plus agreement on government revenue, employment and market access in selected Pacific Island countries (PICs|
Author:Kiloe, Ilan Anama
Institution: University of the South Pacific.
Call No.: Pac HC 681 .3 .O3 K55 2010
Copyright:Under 10% of this thesis may be copied without the authors written permission
Abstract: This paper assesses the potential impact of the Economic Partnership Agreement (EPA) and Pacific Agreement on Closer Economic Cooperation (PACER-Plus) on aspects of economies in Pacific Island Countries (PICs). It basically focuses on revenue loss as a result of tariff reduction, loss of employments and market access issues. The paper also examines the intrinsic challenges confronting PICs. Most of the challenges identified relate to geographical size and location including small population, limited internal markets and lack of technology and expertise. Whilst the author acknowledges that the potential impact and challenges will limit PICs’ capacity to effectively participate in EPA and PACER-Plus and reap maximum benefits of trade, the paper nevertheless maintains the need for these agreements to be development-oriented. In particular, it highlights the significance of domestic industries’ development, human resource development, institutional development and trade assistance in facilitating trade. In doing so the main objectives of EPA and PACER-Plus may be safely implemented while minimising their adverse impacts on the economies of PICs.