Pacific Island Countries Free Trade Agreement
Pacific Island Countries Free Trade Agreement: PICTA. A free-trade agreement adopted in August 2001 by the Pacific Islands Forum. It calls for the establishment of a free-trade area over the next ten years. Australia and New Zealand are eligible to join if they wish. PICTA will enter into force after six countries have ratified it. See also SPARTECA.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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