PACIFIC AGREEMENT ON CLOSER ECONOMIC RELATIONS PLUSPacific Agreement on Closer Economic Relations Plus • December 26th, 2022
PACIFIC AGREEMENT ON CLOSER ECONOMIC RELATIONS PLUSPacific Agreement on Closer Economic Relations Plus • November 29th, 2022
The Governments of Australia, the Cook Islands, the Federated States of Micronesia, the Independent and Sovereign Republic of Kiribati (Kiribati), the Republic of Nauru (Nauru), New Zealand, Niue, the Republic of Palau (Palau), the Republic of the Marshall Islands, the Independent State of Samoa (Samoa), Solomon Islands, the Kingdom of Tonga (Tonga), Tuvalu, the Republic of Vanuatu (Vanuatu);
THE PACIFIC AGREEMENT ON CLOSER ECONOMIC RELATIONS PLUSPacific Agreement on Closer Economic Relations Plus • November 23rd, 2011
Along side PACER Plus, the Parties concluded a separate Arrangement that provides a new platform for enhancing regional cooperation on labour mobility.
THE PACIFIC AGREEMENT ON CLOSER ECONOMIC RELATIONS PLUSPacific Agreement on Closer Economic Relations Plus • November 23rd, 2011
PACER Plus includes a set of rules concerning cross-border trade in services and investment that are designed to create a level playing field for service suppliers and investors in the region. Modern services and investment rules help to provide a stable and certain environment that will make it easier to do business in the region.
THE PACIFIC AGREEMENT ON CLOSER ECONOMIC RELATIONS PLUSPacific Agreement on Closer Economic Relations Plus • November 23rd, 2011
The agreement includes chapters that cover various legal and institutional issues. These are designed to ensure there are clear processes and guidelines for the ongoing governance and development of the agreement.
THE PACIFIC AGREEMENT ON CLOSER ECONOMIC RELATIONS PLUSPacific Agreement on Closer Economic Relations Plus • November 23rd, 2011
The agreement recognises that Pacific Island countries face challenges in participating in international trade. It therefore includes arrangements to support Pacific Parties to build their capacity to trade and attract investment, so that they
THE PACIFIC AGREEMENT ON CLOSER ECONOMIC RELATIONS PLUSPacific Agreement on Closer Economic Relations Plus • November 23rd, 2011
Pacific Island countries face unique challenges participating in international trade. They have small land masses with limited productive capacity and employment opportunities, higher cost of economic infrastructure, distant markets and vulnerability to extreme climatic events. This is a trade and development agreement designed to help overcome these challenges by making
THE PACIFIC AGREEMENT ON CLOSER ECONOMIC RELATIONS PLUSPacific Agreement on Closer Economic Relations Plus • November 23rd, 2011
Ten countries signed PACER Plus on 14 June 2017: Australia, Cook Islands, Kiribati, Nauru, New Zealand, Niue, Samoa, Solomon Islands, Tonga and Tuvalu. Vanuatu subsequently signed on 7 September 2017. The Federated States of Micronesia, Palau, Republic of Marshall Islands are still completing their domestic approval processes.
THE PACIFIC AGREEMENT ON CLOSER ECONOMIC RELATIONS PLUSPacific Agreement on Closer Economic Relations Plus • November 23rd, 2011
Pacific Island countries face unique challenges participating in international trade. They have small land masses with limited productive capacity and employment opportunities, higher cost of economic infrastructure, distant markets and vulnerability to extreme climatic events. This is a trade and development agreement designed to help overcome these challenges by making it easier for countries to trade, while creating jobs and increasing living standards and wealth for families.
