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. PACER Plus – a regional trade agreement between Australia, New Zealand and Pacific island … Pacer Plus countries currently include Australia, Cook Islands, Kiribati, Nauru, New Zealand, Niue, Samoa, Solomon Islands and Tonga. The broader regional economic picture Queries regarding this release can be directed to Antonina.Browne@cookislands.gov.ck Last October, the Cook Islands put its ratification on hold over fears it would miss out on economic assistance when it … (Source: RNZ pacific news ... Tonga, Solomon Islands, Niue and Cook Islands. 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. 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. Eight countries are Parties to the Agreement: Australia, Cook Islands, Kiribati, New Zealand, Niue, Samoa, Solomon Islands and Tonga. 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 . Eleven countries signed the agreement. Cook Islands is the eighth signatory to PACER Plus, joining Australia, Kiribati, New Zealand, Niue, Samoa, Solomon Islands and Tonga. PACER Plus is a one-way trade deal and squandered opportunity for the Pacific islands writes Adam Wolfenden. Queries regarding this release can be directed to Antonina.Browne@cookislands.gov.ck. Trade and Export Growth Minister David Parker welcomed the announcement that the Cook Islands is the eighth nation to ratify this landmark agreement. The Cook Islands Finance Minister Mark Brown said the decision to hit pause on the … “PACER Plus enters into force for Australia, Cook Islands, Kiribati, New Zealand, Niue, Samoa, Solomon Islands and Tonga,” Minister Littleproud said. 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. 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. 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 will enter into force on 13 December. PACER Plus is an agreement that has been sold as a positive development outcome for Pacific Island Countries (PICs). PACER Plus entered into force on 13 December 2020. 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. 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. Last October, the Cook Islands put its ratification on hold over fears it would miss out on economic assistance when it graduated 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. 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. The remaining signatories yet to ratify are Nauru, Tuvalu and Vanuatu. Cook Islands recently became the eighth country to ratify Pacer Plus, following Kiribati, New Zealand, Niue, Samoa, Solomon Islands, Tonga and Australia. 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. Cook Islands was the eighth nation to ratify PACER Plus , enabling the agreement to enter into force. Photo: Cook Islands News. Puna says stronger economy will benefit Cook Islands in the long term. Cook Islands puts PACER Plus ratification on hold. Relevance to Pacer Plus Pacer Plus negotiations began in 2009 and concluded in 2017, with 11 countries signing the Agreement. 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 covers trade in goods (rules of origin and verification The remaining signatories that are yet to ratify are Nauru, Tuvalu and Vanuatu. 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. If you would like to participate, visit the project page. As with every Agreement, however, it will be up to us to take advantage of those opportunities in the months ahead.” End. 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. We have participated actively over the years in the PACER Plus negotiations and fought hard to ensure that the Agreement will work for us. 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 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. PACER Plus negotiations commenced in 2009 and the Agreement was opened for signature in Nuku'alofa on 14 June 2017. 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. 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 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. Pacific regional trade and development agreement PACER Plus will enter into force in 60 days now that the required eight countries have ratified it. 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. Eleven Pacific Island countries are signatories to PACER Plus – Australia, New Zealand, Cook Islands, Kiribati, Nauru, Niue, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu. PACER Plus is within the scope of WikiProject Australia, which aims to improve Wikipedia's coverage of Australia and Australia-related topics. 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. 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). “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. 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. The agreement expands the existing Pacific Agreement on Closer Economic Relations (PACER) to include further trade liberalisation and development assistance. Cook Islands Prime Minister Henry Puna has signalled his government will shortly ratify a major regional trade agreement. 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. The PACER Plus negotiations helped clarify that Pacific economies face unique hurdles to international trade. The remaining signatories that are yet to ratify are Nauru, Tuvalu and Vanuatu. 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. 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 Agreement entered into force on 13 December 2020. It has been signed by 11 countries. As with every Agreement, however, it will be up to us to take advantage of those opportunities in the months ahead.” 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. "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.". 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