FRENCH POLYNESIA, NEW CALEDONIA TALK TRADE

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PAPEETE, Tahiti, (Tahipresse, April 22) - French Polynesia
Finance Minister Georges Puchon held trade talks in Papeete on April 15 with
Alain Lazare, the New Caledonia government’s head of economic affairs.

The talks focused on a tax system that encourages exports
between the two French territories in the Pacific.

The meeting offered an occasion for an exchange of information
on a "privileged trade zone" set up several years ago by the two
territories, a French Polynesia government communiqué stated.

Thanks to the tax system included in that trade zone
arrangement, New Caledonia exports to Tahiti increased more than 23 percent
between 2001 and 2002, while French Polynesia exports to New Caledonia strongly
increased with the trading of Tahitian cultured pearls, the communiqué noted.

There is a mutual wish to intensify this trade, as indicated by
the strong support from the Chamber of Commerce in each territory.

Tax restraints for importing products in both territories have
been reduced significantly since the system of privileged trade was set up
between the two territories. In Tahiti, for example, the import tax law has been
eliminated, while the valued added tax has progressively increased.

Puchon and Lazare also discussed relations with the European
Union and the new regulations dealing with trade between Pacific Island nations.

Lazare’s visit to Tahiti coincided with a regional symposium
of French foreign trade advisers held in Tahiti from April 14-15.

April 23, 2003

Tahitipresse: www.tahitipresse.com 

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