Ref. :  000014148
Date :  2004-09-08
Language :  English
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EU-Pacific Trade: facts and figures

Author :  Union européenne



Trade

EU imports from the Pacific region (Cook Islands, Fed. Micronesia, Fiji, Kiribati, Marshall Island, Nauru, Niue, Palau, Papua New Guinea, Samoa, Solomon Island, Tonga, Tuvalu, Vanuatu) reached €530 million in 2003, which represented an increase of 10.7% compared to 2002. The main products imported were palm oil (29%), sugar (18%), copper (9%) and coffee (9%).


The EU’s exports towards the Pacific amounted to €210 million in 2003, ie a decrease of 62.5% compared to 2002. The main categories of products exported to the Pacific region in 2003 were transport goods (56.5%), machinery (19.7%), metals (5.2%) and chemical products (3.5%).

Therefore, in 2003, the Pacific countries recorded their highest trade surplus with the EU since 1999, € 300 million.
In 2002, the Pacific region’s main trading partner was Australia, which attracted 23% of the Pacific region’s exports compared to 10% towards Japan, 9% to the EU and 7% towards the US. In addition, 39% of the region’s imports in 2002 came from Australia, 15% from Singapore, 11% from New Zealand, 6% from Japan and 4% from the EU.

In 2003, the EU,s main trading partners in the Pacific region were Papua New Guinea, Fiji and the Marshall Islands. These countries accounted for 66.7%, 19.8% and 11.3% respectively of the region’s total exports to the EU. The main product exported from Papua New Guinea in 2003 was palm oil (42% of the total). Fiji exported predominantly sugar (92.1% of the total). As for the Marshall Islands, 88.7% of their exports to the EU consisted of transport-related goods (cruise ships, yachts).


Trade-related technical assistance

The European Commission has provided over € 12 million for trade related assistance in the Pacific Region. In 2003, the Commission approved a Regional Plan for preparation of EPA negotiations (€1.2 million), which covers studies, technical expertise and support for coordination meetings. The Commission is currently also funding a Pacific regional representation office in Geneva. (€ 260,000) and has approved in 2004 a € 9.2 million programme for the Regional Economic Integration. Support in the Fisheries sector is also envisaged.

In addition, the Pacific Region will also benefit from the € 50 Million TRADE.COM Facility which will fund a network of national and regional trade advisors. This Facility, which is available to all ACPs, will also offer support for local research and training institutions.

The European Commission is the main provider of Trade related assistance for developing countries. Before the launch of the Doha Round, the EU allocated around €700 million of TRA over five years (1996-2000). Since the WTO meeting at Doha in 2001, these figures have increased considerably, with a global allocation of €2.8 billion for 2001-2004 and an average of close to €700 million annually.


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