Overview. Niue completes ratification of PACER Plus agreement. PACER Plus opened for signature on 14 June 2017, and has been signed by Australia, New Zealand and nine Pacific island countries (Cook Islands, Kiribati, Nauru, Niue, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu). 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. 03 August 2019, Apia Samoa. PACERPlus is a proposed free trade agreement between the Forum Islands Countries and Australia and New Zealand. United States District Court Eastern District of Tennessee Hon. Pacific shouldering burden in unbalanced PACER-Plus Trade Deal 27-Feb-2020 PANG Australia, the Cook Islands, Kiribati, Niue, Samoa, Solomon Islands, Tonga and New Zealand have now ratified. New Zealand is the first country to ratify the agreement,” Trade and Export Growth Minister David Parker said. 6 months ago Editor. Tangible benefits have flowed to the Pacific, even before PACER Plus entered into force, with an A$7.7 million technical assistance package from Australia and New Zealand to support ratification. The awareness program is part of Solomon Islands preparation towards ratification of the PACER Plus Trade agreement. Vanuatu Pacer Plus ratification imminent 02:34 am GMT+12, 25/09/2020, Vanuatu The Director of External Trade, Joe Pakoa Lui, said he is optimistic that the PACER Plus Agreement will be ratified by Vanuatu as public consultation continues and held recently with parliamentarian committees. "PACER Plus provides an avenue to bring Pacific nations even closer together, and help foster a secure, stable and prosperous region," Minister Payne said. Solomon Islands is the sixth country to ratify Pacer Plus. Australia and New Zealand have also provided 7.7 million dollars in Readiness Package to assist the PICs prepare for ratification of the PACER Plus Agreement. The Cook Islands ratification of the PACER Plus Agreement is on hold, says deputy prime minister and Finance minister Mark Brown. Read the agreement text, National Interest Analysis and more. “This is a positive development, with Samoa becoming the first Pacific signatory to ratify PACER Plus. The Asia Regional Integration Center (ARIC) is an ongoing technical assistance project of the Economic Research and Regional Cooperation Department (ERCD).Following the 1997/98 Asian financial crisis and the contagion evident around the region, ADB was asked to use its knowledge-based expertise to help monitor the recovery and report objectively on potential vulnerabilities and policy … Samoa becomes the first of the Pacific Island nations and the third country overall to ratify the agreement, known as PACER Plus. Information on how to use the free trade agreement. “We believe the government will endorse for Vanuatu to ratify this agreement to elevate trade and development activities,” he said. Find out more about the Pacific Agreement on Closer Economic Relations (PACER) Plus. PACER Plus is a free trade agreement between members of the Pacific Islands Forum (the Forum Island Countries plus Australia and New Zealand). Conasprella pacei, Pacesetter, Paceman, Aemilius Pacensis, Narragansett Pacer, Kramer Pacer, Piper PA-20 Pacer, Pacer, PACERPlus, Pacerailer Required fields are marked *, Copyright © Television Niue | All rights reserved 2020. Solomon Islands and Niue became the sixth and seventh country to ratify PACER Plus after formally notifying the Depository in Tonga on 22 June 2020 and 3 July 2020 respectively. Travis R. McDonough, Chief Judge | John L. Medearis, Clerk of Court “ Our ratification completion as of today fulfils the requirement as a member of the region to actually sign off to complete the eight members in order for the agreement to take effect.”. The Director of External Trade, Joe Pakoa Lui, said he is optimistic that the PACER Plus Agreement will be ratified by Vanuatu as public consultation continues and held recently with parliamentarian committees. Pacific nation Samoa has ratified the Pacific Agreement on Closer Economic Relations Plus ta taking the lead as first of the Pacific Island nations and the third country overall to ratify the agreement, known as PACER Plus. Swift ratification of the Paris Agreement is a Pivotal Moment for the Pacific and the Planet. The issue is one of several issues of concern that led to an unprecedented move by the King to command dissolution of parliament last week. Samoa joins Australia and New Zealand as countries that have ratified the agreement. PACER Plus benefits the Pacific region and provides new opportunities for NZ exporters. (Source: RNZ pacific news 19 October 2020) • 20% “aid for trade” target for first five years after agreement comes into force. The Cook Islands Finance Minister Mark Brown said the decision to hit pause on the deal was over his country’s … Samoa has formally notified Tonga, as Depositary for PACER Plus, that it has completed its domestic procedures to ratify the agreement. The Samoa Ministry of Foreign Affairs and Trade (MFAT) confirmed in a press release that “the Government of Samoa notified the PACER Plus Depository in Tonga on the 28 June 2019, of its … This inquiry will examine the: Agreement between the Government of Australia and the Government of the French Republic Concerning the Reprocessing in France of Australian Irradiated Nuclear Fuel Elements (Canberra, 23 November 2017). Minister for Finance and Planning Crossley Tatui announced that Cabinet has approved the PACER plus regional document today. The government through the Ministry of Foreign Affairs and External Trade has already notified the PACER Plus depository Box in Tonga about its ratification of the Trade agreement. DEVELOPMENT ASSISTANCE With Support from the Readiness Package Vanuatu developed its first ever Trade Portal which contains all trade related information including legislations, fees and procedures. Samoa becomes the first of the Pacific Island nations and the third country overall to ratify the agreement, known as PACER Plus. The Pacific Agreement on Closer Economic Relations (PACER) Plus is a landmark agreement connecting the Pacific region through trade and development. “I am pleased the other 10 signatories showed clear momentum towards ratification at the recent Solomon Islands meeting. Cook Islands puts PACER Plus ratification on hold. N ew Zealand has completed its domestic procedures to ratify the PACER Plus trade and development agreement. The agreement expands the existing Pacific Agreement on Closer Economic Relations (PACER) to include further trade liberalisation and development assistance. The remaining signatories yet to ratify are Nauru, Tuvalu and Vanuatu. The Pacific Agreement on Closer Economic Relations (PACER) Plus is a landmark agreement connecting the Pacific region through trade and development. As of October 2020, New Zealand, Australia, Samoa, Kiribati, Tonga, Solomon Islands, Niue and Cook Islands have ratified the Agreement. Minister for Foreign Affairs Marise Payne said the agreement was an important part of Australia’s stepped-up engagement in the Pacific and would promote prosperity and development for our Pacific neighbours. Australia, the Cook Islands, Kiribati, Niue, Samoa, Solomon Islands, Tonga and New Zealand have now ratified. Niue has completed its ratification of the PACER Plus agreement as of today. Alongside PACER Plus is an arrangement which enhances regional cooperation on labour mobility.

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