The PACER Plus is a regional trade agreement, covering goods, services and investment.
When the PACER Plus comes into force on 13 December 2020, Tonga will face a major financial difficulty of countering big trade deficits with two of its main trading partners, Australia and New Zealand.
For the Pacific Island Countries, PACER Plus represents a squandered opportunity to address the real development needs of the region and a waste of time and significant resources.
There are mixed reactions in the Pacific to a new free trade deal which comes into force in December.
Pacific regional trade and development agreement PACER Plus will enter into force in 60 days now that the Cook Islands has become the eightth country to ratify it.
Australian, Tongan and Fijian opponents to a new Pacific trade agreement will give evidence at a parliamentary hearing.
Niue has ratified the regional trade agreement PACER Plus, pushing it closer to implementation.
Solomon Islands is the sixth country to ratify Pacer Plus. The agreement comes into force 60 days after at least eight of the 11 signatories have ratified.
The Pacific Island Countries (PICs) are taking on disproportionate binding commitments in exchange for false promises of benefits from the regional free trade deal known as PACER-Plus.
What the development assistance arrangement results in, is aid money, tightly controlled by Australia and New Zealand to flow to areas that will make Forum Island Countries uphold their commitments on market access, ultimately benefiting the two metropolitan Parties.
PACER-Plus itself achieved little by way of actual improvements for Pacific Islander workers to access the labour markets of Australia and New Zealand.
The trade deal known as Pacer Plus will have immediate benefits for the Cook Islands when it comes into force later this year, says the Cooks’ deputy prime minister.
Tonga’s government has committed to ratifying the Pacer Plus trade deal.
In this interview, we discuss the PACER+ trade deal, the post Cotonou talks with the EU and the influence of China’s Belt and Road Initiative in the Pacific region.
Cook Islands Prime Minister has signalled his government will shortly ratify a major regional trade agreement.
Pacer Plus has been promoted as a hybrid development and trade deal, with the primary benefits going to the nine Pacific countries that have signed the deal.
Samoa becomes the first of the Pacific Island nations and the third country overall to ratify the agreement, known as PACER Plus.
Trade and Export Growth Minister David Parker has congratulated Samoa on their ratification of the Pacific Agreement on Closer Economic Relations Plus (PACER Plus).
The Cook Islands’ decision to hit pause on the deal was over the country’s impending graduation from developing to developed-country-status. Under its new status it may no longer be eligible for official development assistance, including under PACER Plus.
The concerns held by Pacific communities and some Pacific island governments about the regional free trade agreement known as PACER-Plus are well founded according to new analysis released by the Pacific Network on Globalisation (PANG).