Signed: 2001
Entry into force: 13 April 2003
PICTA is the first; and remains the only Free Trade Agreement between the 14 Pacific Forum Island Countries (FICs) excluding Australia and New Zealand. The aim is to remove tariff on most goods by 2021, excluding alcohol and tobacco related products.
At present, eligible Samoan exports that meet the Rules of Origin (ROO) criteria are accorded preferential duties in Fiji, Cook Islands, Kiribati, Vanuatu, Solomon Islands, Niue and Tuvalu. The remaining FICs continue to progress their implementation of PICTA and have yet to announce their readiness to trade under PICTA.
