He called on both sides to begin negotiations for a free trade agreement at an early stage to put in place concrete measures to redress multilateralism and free trade. The forum members are contracting parties to sub-regional trade agreements, the most important being the Melanesian Spearhead Group trade agreement between the four MSG countries (Fiji, Papua New Guinea, Solomon Islands, Vanuatu) and Micronesian trade and economic cooperation between the Federated States of Micronesia, Marshall Islands and Palau. The agreement on regional trade and economic cooperation in the South Pacific was signed in Tarawa (Kiribati) in 1980 and came into force on 1 January 1981. It is a non-reciprocal trade agreement in which Australia and New Zealand offer duty-free access to certain products from Pacific Island states. Access to the South Pacific Agreement on Regional Trade and Economic Cooperation (SPARTECA) can be accessed here. Bainimarama, for his part, said that bilateral relations have developed rapidly over the past 43 years, since the establishment of diplomatic relations between Fiji and China, with friendly exchanges and growing mutual cooperation in areas such as trade, investment, sport and localities. Regional trade agreements are playing an increasingly important role in the development of the business environment, labour mobility, investment and contribute to sustainable development goals. The regime for regional trade integration has been strengthened by several mechanisms: the non-reciprocal agreements reached by the Regional Trade Agreement and South Pacific Economic Cooperation (SPARTECA), the free trade agreements concluded between the countries of the Pacific and Australia and New Zealand under the Pacific Island States Agreement (PICTA) and Pacific Economic Relations (PACER Plus) between the Pacific Forum countries and Australia and New Zealand. Regional access to the EU is defined by an economic partnership agreement and other unilateral EU preferential regimes, such as the „all but arms“ (EBA) for least developed countries and the Generalised Preference System (GSP) for developing countries. The two countries signed a trade cooperation agreement in 1997 and an economic and technical cooperation agreement in 2001.
 Oceania is a scene of continuous diplomatic competition for the People`s Republic of China and the Republic of China (Taiwan). Eight countries in Oceania recognize the PRC and six countries are linked to the OCR. These figures vary when Pacific island states reassess their foreign policy and occasionally postpone diplomatic recognition between Beijing and Taipei. In accordance with the „one China policy“, no country is able to maintain formal diplomatic relations with „both Chinas,“ and this „one or the other“ factor has led the PRC and the ROC to work actively to secure the diplomatic favors of small Pacific states.  In 2003, the People`s Republic of China announced that it would strengthen diplomatic relations with the Pacific Islands Forum and strengthen the economic assistance package it has made available to the Pacific Islands Forum. At the same time, Zhou Whenzhong, a PrC MP, added: „The PIF should promote all formal exchanges or dialogue partnership that exists with Taiwan.“  In 2006, Chinese Prime Minister Wen Jiabao announced that the PRC would strengthen its economic cooperation with Pacific Island states. The PRC would provide more economic assistance, eliminate tariffs on exports from the least developed countries in the Pacific, cancel the debt of those countries, distribute free antimalarial drugs and train 2,000 government officials and technicians in Pacific Iceland.  Also in 2006, Wen was the first Chinese prime minister to visit the Pacific Islands, which the Taipei Times called „a long-standing diplomatic battleground for China and Taiwan.“