PACER Plus is an agreement that has been sold as a positive development outcome for Pacific Island Countries (PICs). "To assist Pacific Island countries' agencies, such as their trade agencies, such as their customs agencies, such as their quarantine agencies to be up to speed with any requirements for compliance that is needed in terms of their inwards trade as well as their outwards trade.". In contrast to previous trade agreements to which the Cook Islands is party, PACER Plus includes detailed provisions not only on trade in goods but also trade in services and investment, increasingly important areas of international trade. The objective of the Agreement is to maximise opportunities for Forum Island Countries (FICs) to use trade and investment as engines of growth, to create jobs and ensure higher incomes and living standards. As Cook Islands Prime Minister Mark Brown said, “We are certain that PACER Plus will open new trade and investment opportunities for the Cook Islands that have not existed before. Cook Islands puts PACER Plus ratification on hold. Eight countries are need to ratify the trade agreement to bring it into force. Mark Brown said the first benefit would be access to help from New Zealand and Australia. Cook Islands puts PACER Plus ratification on hold The Cook Islands is putting its ratification of the regional trade deal known as PACER Plus on hold. “PACER Plus ready to go sends a very strong message that the Pacific region and New Zealand are ready to do business,’ Fiso John Fiso said. By the middle of the year the required number of countries are expected to have ratified it, allowing the deal to come into force. The Cook Islands is the eighth signatory of PACER Plus to ratify the Agreement, thus bringing the Agreement into force with the Cook Islands being one of the original parties. PACER Plus is within the scope of WikiProject Australia, which aims to improve Wikipedia's coverage of Australia and Australia-related topics. Queries regarding this release can be directed to Antonina.Browne@cookislands.gov.ck PACER Plus negotiations began in 2009 and concluded in 2017. The Pacific Islands Trade Portal An online information system to facilitate the implementation of the PACER plus Agreement. End. Samoa has ratified a major Pacific free trade agreement, edging it closer to rollout. PACER Plus entered into force on 13 December 2020. Australia, the Cook Islands, Kiribati, Niue, Samoa, Solomon Islands, Tonga and New Zealand have now ratified. The PACER Plus trade deal is led by New Zealand and Australia and has nine Pacific Island signatories, but only Samoa has ratified it. Last October, the Cook Islands put its ratification on hold over fears it would miss out on economic assistance when it … The Cook Islands is the eighth signatory of PACER Plus to ratify the Agreement, thus bringing the Agreement into force with the Cook Islands being one of the original parties. The broader regional economic picture Relevance to Pacer Plus Pacer Plus negotiations began in 2009 and concluded in 2017, with 11 countries signing the Agreement. Photo: Cook Islands News. Other parties to PACER Plus to date are Australia, Kiribati, New Zealand, Niue, Samoa, Solomon Islands and Tonga. PACER Plus entered into force on 13 December 2020. My Government is committed to that goal and will dedicate resources to support make that possible in the months ahead.”, Queries regarding this media release or the Cook Islands and PACER Plus can be directed to MFAI Director of Pacific and Regional Affairs Dr. Jim Gosselin at jim.gosselin@cookislands.gov.ck or phone 29347, [Media Release - MFAI] Cook Islands Ratified PACER Plus, Of great importance for the Cook Islands are, Queries regarding this media release or the Cook Islands, © Copyright ​PaePae Ropi'anga o te Kavamani. Cook Islands National Security Policy will be released at a time when its need to work on the Pacer Plus will be pronounced. ... Tonga, Solomon Islands, Niue and Cook Islands. As with every Agreement, however, it will be up to us to take advantage of those opportunities in the months ahead.” There are 11 countries who have signed PACER Plus- Australia, Cook Islands, Kiribati, Nauru, New Zealand, Niue, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu. RAROTONGA, Cook Islands (Cook Islands News, June 19, 2017) – The controversial PACER-Plus deal was signed this week despite the notable absence of three major Pacific island economies, raising questions about the viability of the agreement to the region. Te Kauono Tutara e te Mana Tiaki – Ministry of Foreign Affairs and Immigration. PACER Plus Ministers Communique Category: Financial Secretary Office News The Pacific Agreement on Closer Economic Relations Plus, or PACER Plus, will start after the Cook Islands became the eighth signatory to formally ratify the deal this week. The Cook Islands Trade Portal is a trade facilitation platform implemented by the government of the Cook Islands, in the context of the PACER Plus agreement, with technical assistance from UNCTAD and funding from Australia and New Cook Islands finance minister Mark Brown Queries regarding this release can be directed to Antonina.Browne@cookislands.gov.ck. PACER Plus – a regional trade agreement between Australia, New Zealand and Pacific island … It entered into force on 13 December 2020. The PACER Plus trade deal is led by New Zealand and Australia and has nine Pacific Island signatories, but only Samoa has ratified it. On signing the Instrument of Ratification, Prime Minister Brown stressed the importance of PACER Plus for the Cook Islands: “economic diversification is a cornerstone of our development strategy and international trade policy must be an important strategic tool we use to strengthen and diversify our economy. Countries out of … PACER Plus negotiations began in 2009 and ended in 2017 with the Cook Islands and other Forum Members signing the Agreement at a special ceremony in Nuku’alofa, Tonga, on 14 June 2017. Cook Islands to ratify PACER Plus The PACER Plus trade deal is led by New Zealand and Australia and has nine Pacific Island signatories, but only Samoa has ratified it . This comes as New Zealand last week became the first country to ratify the deal that has also been signed by nine Pacific countries and Australia. Australia, Cook Islands, Kiribati, Niue, Samoa, Solomon Islands, Tonga and New Zealand have now ratified. WikiProject Polynesia / Cook Islands / Niue / Samoa / Tonga ... PACER Plus is within the scope of WikiProject Australia, which aims to improve Wikipedia's coverage of Australia and Australia-related topics. Cook Islands was the eighth country to ratify the agreement on 14 October 2020, triggering the 60-day countdown for PACER Plus to enter into force. PACER Plus is a regional trade, development and economic cooperation agreement between Pacific Island Countries and Australia and New Zealand covering trade in goods, services and investment. The agreement expands the existing Pacific Agreement on Closer Economic Relations (PACER) to include further trade liberalisation and development assistance. 9:35 am on 21 February 2020. Pacer Plus set to come on stream later this year - Cooks Deputy PM. Cook Islands to formally ratify Pacer Plus in June, Sport: PNG sailor takes dad's lead in pursuing Olympic dream, PACER deal will hurt Pacific, strengthen China - analyst, Samoa Parliament mourns death of first term MP, PNG Covid cases now at 843 after new spate of cases, Climate vulnerability assessment underway in Bougainville atolls, Councillor disgusted by comments over reo Māori karakia at Grey Power meeting, Trump pardons Steve Bannon, considers starting new political party, $24m flood protection and bridge project in Franz Josef under review, Iwi protesting Shelly Bay sale serve developer with trespass notice. Pacific agreement on Closer Economic Relations ( PACER ) to include further trade and. Export Growth Minister David Parker welcomed the announcement that the agreement Tonga, Islands. Plus will only enter into force on 13 December international trade the project page for Pacific Island (. 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