The European Union (EU) and Fiji have further solidified their trade relationship through the full implementation of the interim Economic Partnership Agreement (IEPA). This move was announced by ValdisDombrovskis, the European Commission's Executive Vice President, and ManoaKamikamica, Fiji's deputy Prime Minister for trade.

The IEPA, initially signed in 2009, is designed to promote sustainable development and facilitate Fiji’s integration into the global economy. Under the agreement, the EU has already eliminated customs duties and quotas on imports from Fiji. In return, Fiji has now committed to gradually phasing out duties on a select group of imports from EU Member States.

While tariffs will remain on certain imports to protect domestic industries, the agreement is expected to boost trade opportunities and enhance the competitiveness of Fijian products by providing access to cheaper inputs. The IEPA also supports cooperation on trade and investment, particularly through the EU’s 'Global Sourcing' provision, helping Fiji comply with EU market standards and improve its business environment.

This final phase of tariff liberalisation marks a significant step in strengthening and diversifying trade ties between the EU and Fiji.