Australia, the Cook Islands, Kiribati, Niue, Samoa, Solomon Islands, Tonga and New Zealand have now ratified. Cook Islands puts PACER Plus ratification on hold. PACER Plus will enter into force on 13 December. Conasprella pacei, Pacesetter, Paceman, Aemilius Pacensis, Narragansett Pacer, Kramer Pacer, Piper PA-20 Pacer, Pacer, PACERPlus, Pacerailer 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. PACER Plus is a free trade agreement between members of the Pacific Islands Forum (the Forum Island Countries plus Australia and New Zealand). Brokering weapons and dual-use items for military use, Comprehensive and Progressive Agreement for Trans-Pacific Partnership, Our aid partnerships beyond the Pacific and South-East Asia, New Zealand's Universal Periodic Review 2019, Guidelines for the diplomatic and consular corps, Our Commitment to Antarctica and the Southern Ocean. Speaking at the Centre for International Development annual conference earlier this week in Wellington on the topic of New Zealand’s Pacific Reset, he said the obligations on parties to PACER Plus were costly to implement, binding and endured as long as the agreement was in … “ Our ratification completion as of today fulfils the requirement as a … Swift ratification of the Paris Agreement is a Pivotal Moment for the Pacific and the Planet. Last October, the Cook Islands put its ratification on hold over fears it would miss out on economic assistance when it graduated to developed-country status. Samoa joins Australia and New Zealand as countries that have ratified the agreement. 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. Overview. 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. The Cook Islands is putting its ratification of the regional trade deal known as PACER Plus on hold. The agreement expands the existing Pacific Agreement on Closer Economic Relations (PACER) to include further trade liberalisation and development assistance. 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. Samoa has formally notified Tonga, as Depositary for PACER Plus, that it ha s completed its domestic procedures to ratify the agreement. The agreement comes into force 60 days after at least eight of the 11 signatories have ratified. “ 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.”. 03 August 2019, Apia Samoa. Pacific island countries themselves have identified priorities for this assistance. Niue was one of the 11 signatories to PACER Plus. 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 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. Find out more about the Pacific Agreement on Closer Economic Relations (PACER) Plus. The village of Liku completes the 2020 annual show days calendar, Niue remembers Cyclone Heta 17 years ago today. Australia has welcomed the move as a major step towards bringing the agreement into force, which will deliver […] Rules flouted during 2021 takai while treats include tins of corned beef and sardines, Power blackout this morning, Niue Power struggling to restore power to the island, It’s Takai time and the Police are reminding motorists and revelers of the road rules. Samoa becomes the first of the Pacific Island nations and the third country overall to ratify the agreement, known as PACER Plus. Your email address will not be published. Find out more about the Pacific Agreement on Closer Economic Relations (PACER) Plus. DEVELOPMENT ASSISTANCE New Zealand is the first country to ratify the agreement,” Trade and Export Growth Minister David Parker said. 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. The Tonga government's signing of the PACER Plus Trade Agreement is not valid as it was not presented to the King for approval, the Acting Attorney General, ‘Aminiasi Kefu said today, amid a growing row over government's apparent failure to follow proper protocols. The remaining signatories yet to ratify are Nauru, Tuvalu and Vanuatu. “We have notified Tonga as Depositary for PACER Plus. “The benefits that Niue as a country looks forward to have are the facilitation and participation in meetings, that will see the exports of honey, taros, manufacture goods from here going forward but the main benefit goods from here to New Zealand will be much easier than what we have experienced in the past so as an equal member of the agreement we’ll be able to sit down face to face with the other members now for that matter.”, Your email address will not be published. The Pacific Agreement on Closer Economic Relations (PACER) Plus is a landmark agreement connecting the Pacific region through trade and development. The Cook Islands Finance Minister Mark Brown said the decision to hit pause on the deal was over his country’s … Required fields are marked *, Copyright © Television Niue | All rights reserved 2020. Samoa has formally notified Tonga, as Depositary for PACER Plus, that it has completed its domestic procedures to ratify the agreement. Pacific island countries themselves have identified priorities for this assistance. • A$7.7m PACER Plus Readiness Package: targeted support to assist domestic ratification processes and preparations for entry into force. Travis R. McDonough, Chief Judge | John L. Medearis, Clerk of Court With Support from the Readiness Package Vanuatu developed its first ever Trade Portal which contains all trade related information including legislations, fees and procedures. N ew Zealand has completed its domestic procedures to ratify the PACER Plus trade and development agreement. Discover how PACER Plus deepens economic links between Māori and Te Moana-nui-a-Kiwa. PACER Plus benefits the Pacific region and provides new opportunities for NZ exporters. 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. The awareness program is part of Solomon Islands preparation towards ratification of the PACER Plus Trade agreement. PACERPlus is a proposed free trade agreement between the Forum Islands Countries and Australia and New Zealand. 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 … (Source: RNZ pacific news 19 October 2020) Read the agreement text, National Interest Analysis and more. The PACER Plus trade and development agreement was signed yesterday by ten Forum Member countries in Tonga. "PACER Plus provides an avenue to bring Pacific nations even closer together, and help foster a secure, stable and prosperous region," Minister Payne said. United States District Court Eastern District of Tennessee Hon. “This is a positive development, with Samoa becoming the first Pacific signatory to ratify PACER Plus. Solomon Islands is the sixth country to ratify Pacer Plus. Australia, the Cook Islands, Kiribati, Niue, Samoa, Solomon Islands, Tonga and New Zealand have now ratified. Pacific shouldering burden in unbalanced PACER-Plus Trade Deal 27-Feb-2020 PANG Niue has completed its ratification of the PACER Plus agreement as of today. • 20% “aid for trade” target for first five years after agreement comes into force. The PACER Plus trade deal is led by New Zealand and Australia and has nine Pacific Island signatories, but only Samoa has ratified it. New Zealand, together with Australia, are safeguarding that other signatories to ratify in coming months. The Cook Islands ratification of the PACER Plus Agreement is on hold, says deputy prime minister and Finance minister Mark Brown. • A$25.5m PACER Plus Development and Economic Cooperation Work Programme on implementation. 6 months ago Editor. Find out how the agreement strengthens connections between Pasifika New Zealand and the Pacific region. Samoa is the third country to ratify PACER Plus, joining New Zealand and Australia. Alongside PACER Plus is an arrangement which enhances regional cooperation on labour mobility. “Pacer plus is a comprehensive free trade agreement between 14 members of the Pacific Island Forum and Australia and New Zealand. 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 … Niue was one of the 11 signatories to PACER Plus. Samoa is the third country to ratify PACER Plus, joining New Zealand and Australia. “This is a positive development, with Samoa becoming the first Pacific signatory to ratify PACER Plus. The Pacific Agreement on Closer Economic Relations (PACER) Plus is a landmark agreement connecting the Pacific region through trade and development. 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. Niue completes ratification of PACER Plus agreement. 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. Around 25 participants including several Members of the Provincial Government were present in another interactive session as the External Trade team carried out the awareness program in the Choiseul Provincial chambers. 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. PACER Plus will enter into force sixty days after the eighth county ratifies the Agreement. An abundance of food and traditions maintained at the village thanksgiving day, the Fakaaue Tau. 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). Sa moa became the first Pacific Island country behind Australia and New Zealand to ratify the regional free trade agreement Pacific Agreement on Closer Economic Relations (PACER) Plus. The other ten signatories showed clear momentum towards ratification at the recent Solomon Islands meeting, Parker said, adding the agreement will come into force as soon as possible in 2019. It entered into force on 13 December 2020. In this section. 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 remaining signatories yet to ratify are Nauru, Tuvalu and Vanuatu. Minister for Finance and Planning Crossley Tatui announced that Cabinet has approved the PACER plus regional document today. “I am pleased the other 10 signatories showed clear momentum towards ratification at the recent Solomon Islands meeting. As of October 2020, New Zealand, Australia, Samoa, Kiribati, Tonga, Solomon Islands, Niue and Cook Islands have ratified the Agreement. Samoa becomes the first of the Pacific Island nations and the third country overall to ratify the agreement, known as PACER Plus. “We believe the government will endorse for Vanuatu to ratify this agreement to elevate trade and development activities,” he said. 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. Solomon Islands amongst 8 other countries signed onto the agreement in June 2017. 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