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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. Preferential Trade Area is a trading bloc which gives preferential access to certain products from certain countries. ...
Melanesia (from Greek black islands) is a region extending from the west Pacific to the Arafura Sea, north and north-east of Australia. ...
The MSG Trade Agreement signed in 1993 is a sub-regional trade treaty established to foster and accelerate economic development through trade relations and provide a Political framework for regular consultations and review on the status of the Agreement, with a view to ensuring that trade both in terms of exports and imports is undertaken in a genuine spirit of the Melanesian Solidarity and is done on a Most Favoured National (MFN) basis. Economic development is the development of the economic wealth of countries or regions for the well-being of their inhabitants. ...
In international treaties, a Most-Favoured-Nation Treatment (MFN) clause contains the obligation, on behalf of each country that is a party to the treaty, if it grants an advantage of a certain kind to any country, to also grant that advantage to every other country that is a party...
The MSG Trade Agreement is GATT consistent and has recently been approved and accorded recognition by the World Trade Organisation (WTO) Committee on Regional Arrangements to be compatible and meeting the requirements of Article 24 of the GATT/WTO Agreement. General Agreement on Tariffs and Trade (usually abbreviated GATT) functions as the foundation of the WTO trading system, and remains in force, although the 1995 Agreement contains an updated version of it to replace the original 1947 one. ...
For other uses of the initials WTO, see WTO (disambiguation). ...
This Agreement covers over 180 tariff lines of the Harmonised Systems of Customs Tariff Code and is consistent to agreed trade rules and obligations. A tariff is a tax on foreign goods. ...
Negotiations are held regularly between the leaders of the four countries to consider the progress and developments of the MSG Trade Agreement.
The MSG Trade Agreement is by and large, the most effective sub-regional economic cooperation arrangement between the four countries and is likely to include issues of Intellectual Property Rights and Trade-in-Services as we approach the new millennium. In law, particularly in common law jurisdictions, intellectual property is a form of legal entitlement which allows its holder to control the use of certain intangible ideas and expressions. ...
Services are: plural of service Tertiary sector of industry IRC services Web services the name of a first-class cricket team in India This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ...
Solomon Islands, Papua New Guinea and Fiji are members of the WTO. The Government of Vanuatu is also currently negotiating its accession with member governments of the Multilateral Trading System for membership into the World Trade Organisation (WTO). The constitution created a republican political system headed by a president who has primarily ceremonial powers and is elected by a two-thirds majority in an electoral college consisting of members of Parliament and the presidents of Regional Councils. ...
The MSG countries have the potential to trade in over 200 products free of fiscal duty. The MSG countries are also spearheading the MSG Free Trade Area as a nucleus for progressing trade liberalisation in the region, as a forerunner for a proposed Forum Island Country (FIC) Trade Agreement. In economics, a duty is a kind of tax, often associated with customs, a payment due to the revenue of a state, levied by force of law. ...
A free trade area is a designated group of countries that have agreed to eliminate tariffs, quotas and preferences on most (if not all) goods between them. ...
Free trade is an economic concept referring to the selling of products between countries without tariffs or other trade barriers. ...
Members
 Melanesian Spearhead Group members
History The MSG Trade Agreement entered into effect on 22 July 1993 through the efforts of Papua New Guinea, Vanuatu and Solomon Islands. At the 6th Melanesian Spearhead Group (MSG) Trade and Economic Officials’ Meeting on 16 April 1997 in Honiara, the Fiji delegation indicated its willingness to accede to the MSG Trade Agreement. This initiative was endorsed at the 1997 MSG Leaders Summit. Fiji became a formal member of the MSG Trade Agreement on 14 April 1998. July 22 is the 203rd day (204th in leap years) of the year in the Gregorian Calendar, with 162 days remaining. ...
1993 (MCMXCIII) was a common year starting on Friday of the Gregorian calendar and marked the Beginning of the International Decade to Combat Racism and Racial Discrimination (1993-2003). ...
April 16 is the 106th day of the year in the Gregorian calendar (107th in leap years). ...
1997 (MCMXCVII) was a common year starting on Wednesday of the Gregorian calendar. ...
Honiara, population 30,413 (1986), is the capital of the Solomon Islands. ...
April 14 is the 104th day of the year in the Gregorian calendar (105th in leap years). ...
1998 (MCMXCVIII) was a common year starting on Thursday of the Gregorian calendar, and was designated the International Year of the Ocean. ...
The 9th MSG Trade & Economic Officials meeting was held in Papua New Guinea on 29th & 30th November 2000. This meeting saw the acceptance of the expansion of the MSG Product Schedule tariff headings from four digit to six digits, thereby facilitating MSG trade by removing the ambiguity in product identification at Customs points of entry. The commitment among members to progress the MSG Trade Agreement towards WTO compliance, via negative listing by 2003/2005, was also reinforced.
See also - Pacific Island Countries Trade Agreement (PICTA)
- Pacific Island Countries Agreement on Closer Economic Relations (PACER)
- Pacific Islands Forum and its Pacific Regional Trade Agreement (PARTA)
- South Pacific Regional Trade and Economic Cooperation Agreement (SPARTECA)
The Pacific Islands Forum is an inter-governmental consultative organ which aims to enhance cooperation between the independent countries of the Pacific Ocean and represent their interests. ...
External links - Melanesian Spearhead Group (MSG) trade agreement
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