Solomons seek a respite from free trade. (Pacific News).The Solomon Islands Solomon Islands, independent Commonwealth nation (2005 est. pop. 538,000), c.15,500 sq mi (40,150 sq km), SW Pacific, E of New Guinea. The islands that constitute the nation of the Solomon Islands—Guadalcanal, Malaita, New Georgia, the Santa Cruz Islands, Government has requested that the country be temporarily released from the requirements of a free trade agreement signed by the Melanesian Spearhead Group The Melanesian Spearhead Group (MSG) Preferential Trade Agreement is a trade treaty governing the four melanesian states of Vanuatu, Papua New Guinea, the Solomon Islands and recently, Fiji. of nations, which links the economies of Fiji, Papua New Guinea Papua New Guinea (păp` ə, –y , the Solomon Islands, and Vanuatu.
The Solomon Islands wants a three-year hiatus in its trade pact A trade pact is a wide ranging tax, tariff and trade pact that often includes investment guarantees. Trade pacts are frequently politically contentious since they may change economic customs and deepen interdependence with trade partners. obligations to assist the country's economic recovery by promoting
and protecting the local manufacturing industry. According to according toprep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. government officials, the Solomon Islands runs a large trade deficit--importing far more than they export. One local manufacturer, Solomon Brewery, said its sales dropped 40 per cent last year due to duty-free beer imports from other Melanesian Spearhead Group countries. Fiji and Papua New Guinea have indicated that they are willing to support the Solomon's request, but Vanuatu says the request could hurt the other Spearhead Group states. Fiji and Papua New Guinea are the dominant trading partners in the group. Peter Fairley is a freelance journalist who reports on technology and the environment from his home in Victoria, British Columbia. Fairley is an officer of the Society of Environmental Journalists, an association dedicated to advancing public understanding of environmental issues. He is also a member of the Tok Blong Pasifik committee. |
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