Trade and prosperity in the Pacific will thrive following formal notification that Cook Islands is the eighth state to ratify the Pacific Agreement on Closer Economic Relations Plus (PACER Plus), triggering its formal entry into force in 60 days. Other parties to PACER Plus to date are Australia, Kiribati, New Zealand, Niue, Samoa, Solomon Islands and Tonga. 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). Eight countries are need to ratify the trade agreement to bring it into force. 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 was the eighth country to ratify the agreement on 14 October 2020, triggering the 60-day countdown for PACER Plus to enter into force. The remaining signatories that are yet to ratify are Nauru, Tuvalu and Vanuatu. 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. PACER Plus is due to enter into force on 13 December 2020, and will mark the largest free trade agreement (FTA) to … The Governments of Australia, the Cook Islands, the Federated States of Micronesia, the ... Recalling the Pacific Agreement on Closer Economic Relations (PACER), done at Nauru on ... the Parties resolve that PACER Plus must be a development tool for Frank Grozel & Poul Hansen United Nations Conference on Trade and Development (UNCTAD) Eight countries are Parties to the Agreement: Australia, Cook Islands, Kiribati, New Zealand, Niue, Samoa, Solomon Islands and Tonga. This will impact the current Post-Cotonou negotiations between the Pacific islands and Europe, which are set to be concluded at the end of the year. Trade and prosperity in the Pacific will thrive following formal notification that Cook Islands is the eighth state to ratify the Pacific Agreement on Closer Economic Relations Plus (PACER Plus), triggering its formal entry into force in 60 days. PACER Plus entered into force on 13 December 2020. About OCO: OCO is a grouping of 23 customs administrations in the Pacific region. 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. There are 11 countries who have signed PACER Plus- Australia, Cook Islands, Kiribati, Nauru, New Zealand, Niue, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu. Pacer Plus countries currently include Australia, Cook Islands, Kiribati, Nauru, New Zealand, Niue, Samoa, Solomon Islands and Tonga. “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. “PACER Plus enters into force for Australia, Cook Islands, Kiribati, New Zealand, Niue, Samoa, Solomon Islands and Tonga,” Minister Littleproud said. PACER Plus Ministers Communique Category: Financial Secretary Office News Cook Islands Prime Minister Mark Brown says the agreement is important to his country: “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 … Last October, the Cook Islands put its ratification on hold over fears it would miss out on economic assistance when it graduated The Cook Islands delegation to the PACER Plus meetings also participated in the Pacific ACP Trade Officials and Ministers Meetings, as well as the Forum Trade Officials and Ministers Meetings. 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. The broader regional economic picture This assistance is now being extended to PACER Plus parties: Kiribati, Cook Islands and Niue, along with existing support for Papua New Guinea, Fiji, Tonga, Samoa, Vanuatu and Solomon Islands. If you would like to participate, visit the project page. Cook Islands Ministry of Finance. "PACER Plus will make trade easier for signatories to the agreement, which will grow jobs, boost sustainable economic growth and contribute to a safer and more prosperous Pacific," David Parker said. PACER Plus covers trade in goods (rules of origin and verification procedures, customs procedures, biosecurity Prior to entry into force of the Agreement in December, MFAI will coordinate a final round of national consultations to explain key provisions of the Final Agreement and identify trade-related needs. The remaining signatories that are yet to ratify are Nauru, Tuvalu and Vanuatu. It has been signed by 11 countries. 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. 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. 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. As with every Agreement, however, it will be up to us to take advantage of those opportunities in the months ahead.” The 22 officers from Cook Islands, Kiribati, Tuvalu, Vanuatu, Tonga, Niue, Nauru, Samoa, Solomon Islands who are participants of the training will receive updated technical information on PACER Plus Rules of Origin and its application. Te Kauono Tutara e te Mana Tiaki – the Ministry of Foreign Affairs and Immigration (MFAI) is responsible for Government trade policy matters and has led the Cook Islands participation in PACER Plus-related activities. The remaining signatories yet to ratify are Nauru, Tuvalu and Vanuatu. Pacer Plus set to come on stream later this year - Cooks Deputy PM. Relevance to Pacer Plus Pacer Plus negotiations began in 2009 and concluded in 2017, with 11 countries signing the Agreement. Australia, Cook Islands, Kiribati, Niue, Samoa, Solomon Islands, Tonga and New Zealand have now ratified. Samoa has ratified a major Pacific free trade agreement, edging it closer to rollout. Countries out of … PACER Plus negotiations commenced in 2009 and the Agreement was opened for signature in Nuku'alofa on 14 June 2017. The agreement expands the existing Pacific Agreement on Closer Economic Relations (PACER) to include further trade liberalisation and development assistance. 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 Zealand 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. The eleven countries who have signed the PACER Plus Agreement are Australia, Cook Islands, Kiribati, Nauru, New Zealand, Niue, Samoa, Solomon Islands… "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.". For more information or queries contact MediaOCO@ocosec.org. 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. The broader regional economic picture 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. The remaining signatories yet to ratify are Nauru, Tuvalu and … By Rashneel Kumar RAROTONGA, Cook Islands (Cook Islands News, April 28, 2017) – The Pacific Agreement on Closer Economic Relations (PACER) Plus deal is as much about development as it is about trade for the Cook Islands, says prime minister Henry Puna. Pacer Plus set to come on stream later this year - Cooks Deputy PM. As with every Agreement, however, it will be up to us to take advantage of those opportunities in the months ahead.” Puna says stronger economy will benefit Cook Islands in the long term. In PACER Plus there are broad clauses that require the Pacific to pass on any better treatment they give to a third-party to Australia and New Zealand as well. PACER Plus is an agreement that has been sold as a positive development outcome for Pacific Island Countries (PICs). “PACER Plus enters into force for Australia, Cook Islands, Kiribati, New Zealand, Niue, Samoa, Solomon Islands and Tonga,” Minister Littleproud said. Prime Minister Mark Brown has today signed the Cook Islands’ Instrument of Ratification for the Pacific Agreement on Closer Economic Relations Plus (PACER Plus) following completion of domestic processes and approval by Cabinet this morning. Pacific Islands Forum means the Pacific Islands Forum, as referred to in the Agreement Establishing the Pacific Islands Forum Secretariat; 1 For the purposes of this Agreement, for the Cook Islands, nationality means a person belonging to the part of We are certain that PACER Plus will open new trade and investment opportunities for the Cook Islands that have not existed before. 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. Cook Islands was the eighth country to ratify PACER Plus, following Kiribati, New Zealand, Niue, Samoa, Solomon Islands, Tonga and Australia. Eight Quoting Radio New Zealand – 21 February 2020 “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. RAROTONGA, Cook Islands (Cook Islands News, April 28, 2017) – The Pacific Agreement on Closer Economic Relations (PACER) Plus deal is as much about development as it is about trade for the Cook Islands, says prime minister Henry Puna. Cook Islands Prime Minister Henry Puna has signalled his government will shortly ratify a major regional trade agreement. Cook Islands National Security Policy will be released at a time when its need to work on the Pacer Plus will be pronounced. PACER Plus – a regional trade agreement between Australia, New Zealand and Pacific island … As with every Agreement, however, it will be up to us to take advantage of those opportunities in the months ahead.” 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. Trade and Export Growth Minister David Parker welcomed the announcement that the Cook Islands is the eighth nation to ratify this landmark agreement. 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. As with every Agreement, however, it will be up to us to take advantage of those opportunities in the months ahead.” PACER Plus negotiations began in 2009 and concluded in 2017. Cook Islands was the eighth country to ratify PACER Plus, following Kiribati, New Zealand, Niue, Samoa, Solomon Islands, Tonga and Australia. PACER Plus entered into force on 13 December 2020. Te Kauono Tutara e te Mana Tiaki – Ministry of Foreign Affairs and Immigration. Time and again, studies detailed the structural features that differentiate Pacific economies: small size, distance from markets, expensive transport links, a reliance on imports, and vulnerability to disasters (such as intense cyclones) and shocks (such as the COVID-19 pandemic). For the past three years, the Cook Islands has been working to put in place legal and other arrangements to enable the Government to ratify the Agreement. The Cook Islands is putting its ratification of the regional trade deal known as PACER Plus on hold. The PACER Plus trade deal is led by New Zealand and Australia and has nine Pacific Island signatories, but only Samoa has ratified it. Valuable legal advice was also provided by Chapman Tripp legal consultants in New Zealand. PACER Plus will enter into force on 13 December. The Pacific Islands Trade Portal An online information system to facilitate the implementation of the PACER plus Agreement. Overall, the capacity building provided by OCO is designed to support the PACER Plus Parties to optimize the use of preferences provided for by PACER Plus. We have participated actively over the years in the PACER Plus negotiations and fought hard to ensure that the Agreement will work for us. If you would like to participate, visit the project page . 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. 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. In doing so, it has played a coordination role within Government in efforts to prepare for ratification, working closely with the Business Trade and Investment Board, the Crown Law Office, Ministry of Agriculture, Ministry of Finance and Economic Management and others on various aspects of the Agreement. PACER Plus is due to enter into force on 13 December 2020, and will mark the largest free trade agreement (FTA) to … PACER Plus will enter into force on 13 December. (Source: RNZ pacific news A Canadian analyst says a regional free trade agreement in the Pacific will assault Pacific island economies and give China a strategic opening in the region. Eight countries have now ratified PACER Plus – Australia, Cook Islands, Kiribati, New Zealand, Niue, Samoa, Solomon Islands and Tonga. PACER Plus covers trade in goods (rules of origin and verification 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 recently became the eighth country to ratify Pacer Plus, following Kiribati, New Zealand, Niue, Samoa, Solomon Islands, Tonga and Australia. In the third and final piece of a three-article series, Wesley Morgan calls for nations like Australia to cement the long-term relationship with its Pacific family and build a more integrated regional economy. “It also remains open to accession by Nauru, Tuvalu and Vanuatu which have signed but not ratified, and likewise to other Pacific Island countries such as Fiji and Papua New Guinea which are yet to sign the agreement. PACER Plus is within the scope of WikiProject Australia, which aims to improve Wikipedia's coverage of Australia and Australia-related topics. 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. PACER Plus is a one-way trade deal and squandered opportunity for the Pacific islands writes Adam Wolfenden. 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. Tonga's government has committed to ratifying the Pacer Plus trade deal. PACER Plus will only enter into force after eight of the signatory countries step in to ratify. 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. As with every Agreement, however, it will be up to us to take advantage of those opportunities in the months ahead.” 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. 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. Of great importance for the Cook Islands are the associated commitments of Australia and New Zealand to provide Aid-for-Trade assistance (AUD 25 million) to enable FIC parties to PACER Plus to build their capacities to be able to take advantage of opportunities that will become available under the Agreement. This assistance is now being extended to PACER Plus parties: Kiribati, Cook Islands and Niue, along with existing support for Papua New Guinea, Fiji, Tonga, Samoa, Vanuatu and Solomon Islands. 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. Mark Brown said the first benefit would be access to help from New Zealand and Australia. After more than a decade of negotiations, the region's PACER Plus free trade deal is set to start on December the 13th. As with every Agreement, however, it will be up to us to take advantage of those opportunities in the months ahead.” 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 . The Cook Islands Finance Minister Mark Brown said the decision to hit pause on the … The regional free trade agreement, PACER Plus, will come into force on December 13. Photo: Cook Islands News. The PACER Plus trade deal is led by New Zealand and Australia and has nine Pacific Island signatories, but only Samoa has ratified it. End. The Cook Islands had put its ratification on hold because of fears it would miss out on development assistance, but Mark Brown says the deal will be ratified in June. The eleven countries who have signed the PACER Plus Agreement are Australia, Cook Islands, Kiribati, Nauru, New Zealand, Niue, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu, while eight have ratified the agreement. 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. Launching of PACER PLUS Project November 14, 2019 The PACER PLUS Project for the Implementation of the Pacific Trade & Customs Harmonisation Project was officially launched on 14 th of November, 2019 in Honiara, Solomon Islands by the New Zealand High Commissioner to the Solomon Islands. The Cook Islands delegation to the PACER Plus meetings also participated in the Pacific ACP Trade Officials and Ministers Meetings, as well as the Forum Trade Officials and Ministers Meetings. 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. Queries regarding this release can be directed to Antonina.Browne@cookislands.gov.ck. As the Jacinda Arden’s second term government starts preparing its Defence White Paper scheduled to be released next year, it will take into … As with every Agreement, however, it will be up to us to take advantage of those opportunities in the months ahead. Australia, the Cook Islands, Kiribati, Niue, Samoa, Solomon Islands, Tonga and New Zealand have now ratified. Cook Islands is the eighth signatory to PACER Plus, joining Australia, Kiribati, New Zealand, Niue, Samoa, Solomon Islands and Tonga. Australia, the Cook Islands, Kiribati, Niue, Samoa, Solomon Islands, Tonga and New Zealand have now ratified. Eleven countries signed the agreement. Eight ratifications are needed to bring the trade agreement into force. 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. Cook Islands puts PACER Plus ratification on hold. PACER Plus is due to enter into force on 13 December 2020, and will mark the largest free trade agreement (FTA) to focus on trade amongst Pacific Island nations. In recent years MFAI has been proactive in consulting with national stakeholders from the public and private sectors and civil society about the Agreement. Given the entry of PACER Plus into force it will now … Agriculture Minister David Littleproud said PACER Plus was an important part of our broader engagement in the Pacific and provided an avenue to help foster a secure and stable region. Queries regarding this release can be directed to Antonina.Browne@cookislands.gov.ck The PACER Plus negotiations helped clarify that Pacific economies face unique hurdles to international trade. Eleven Pacific Island countries are signatories to PACER Plus – Australia, New Zealand, Cook Islands, Kiribati, Nauru, Niue, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu. Cook Islands was the eighth nation to ratify PACER Plus , enabling the agreement to enter into force. PACER Plus is a free trade agreement between members of the Pacific Islands Forum (the Forum Island Countries plus Australia and New Zealand). ... Tonga, Solomon Islands, Niue and Cook Islands. After more than a decade of negotiations, the region's PACER Plus free trade deal is set to start on December the 13th. It entered into force on 13 December 2020. The Australia and New Zealand-led deal was signed in 2017, although two of the region's biggest economies, Papua New Guinea and Fiji, have refused to join. 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 Pacific regional trade and development agreement PACER Plus will enter into force in 60 days now that the required eight countries have ratified it. Eight countries are Parties to the Agreement: Australia, Cook Islands, Kiribati, New Zealand, Niue, Samoa, Solomon Islands and Tonga. By the middle of the year the required number of countries are expected to have ratified it, allowing the deal to come into force. PACER Plus negotiations began in 2009 and concluded in 2017. 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. 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