9:35 am on 21 February 2020. For more information or queries contact [email protected] Mark Brown said the first benefit would be access to help from New Zealand and Australia. 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 Cook Islands Ministry of Finance. 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. The PACER Plus trade deal is led by New Zealand and Australia and has nine Pacific Island signatories, but only Samoa has ratified it. 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 … The remaining signatories yet to ratify are Nauru, Tuvalu and Vanuatu. PACER Plus entered into force on 13 December 2020. 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 The Cook Islands is putting its ratification of the regional trade deal known as PACER Plus on hold. 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 recently became the eighth country to ratify Pacer Plus, following Kiribati, New Zealand, Niue, Samoa, Solomon Islands, Tonga and Australia. Australia, Cook Islands, Kiribati, Niue, Samoa, Solomon Islands, Tonga and New Zealand have now ratified. 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 [email protected] 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. 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 have now ratified PACER Plus – Australia, Cook Islands, Kiribati, New Zealand, Niue, Samoa, Solomon Islands and Tonga. End. 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. Other parties to PACER Plus to date are Australia, Kiribati, New Zealand, Niue, Samoa, Solomon Islands and Tonga. PACER Plus – a regional trade agreement between Australia, New Zealand and Pacific island … 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. 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. Australia, the Cook Islands, Kiribati, Niue, Samoa, Solomon Islands, Tonga and New Zealand have now ratified. PACER Plus will only enter into force after eight of the signatory countries step in to ratify. PACER Plus is within the scope of WikiProject Australia, which aims to improve Wikipedia's coverage of Australia and Australia-related topics. (Source: RNZ pacific news The broader regional economic picture 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. 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. Frank Grozel & Poul Hansen United Nations Conference on Trade and Development (UNCTAD) 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 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. 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. As the Jacinda Arden’s second term government starts preparing its Defence White Paper scheduled to be released next year, it will take into … “PACER Plus enters into force for Australia, Cook Islands, Kiribati, New Zealand, Niue, Samoa, Solomon Islands and Tonga,” Minister Littleproud said. Queries regarding this release can be directed to [email protected] PACER Plus is an agreement that has been sold as a positive development outcome for Pacific Island Countries (PICs). It entered into force on 13 December 2020. 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. 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. 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. 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 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. 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 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 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. 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. 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. Cook Islands puts PACER Plus ratification on hold. 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. There are 11 countries who have signed PACER Plus- Australia, Cook Islands, Kiribati, Nauru, New Zealand, Niue, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu. The agreement expands the existing Pacific Agreement on Closer Economic Relations (PACER) to include further trade liberalisation and development assistance. Pacer Plus countries currently include Australia, Cook Islands, Kiribati, Nauru, New Zealand, Niue, Samoa, Solomon Islands and Tonga. “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. Eight countries are Parties to the Agreement: Australia, Cook Islands, Kiribati, New Zealand, Niue, Samoa, Solomon Islands and Tonga. Trade and Export Growth Minister David Parker welcomed the announcement that the Cook Islands is the eighth nation to ratify this landmark agreement. We have participated actively over the years in the PACER Plus negotiations and fought hard to ensure that the Agreement will work for us. PACER Plus is due to enter into force on 13 December 2020, and will mark the largest free trade agreement (FTA) to … Countries out of … ... Tonga, Solomon Islands, Niue and Cook Islands. Tonga's government has committed to ratifying the Pacer Plus trade deal. The remaining signatories yet to ratify are Nauru, Tuvalu and … 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. 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. Eleven countries signed the agreement. Eight countries are Parties to the Agreement: Australia, Cook Islands, Kiribati, New Zealand, Niue, Samoa, Solomon Islands and Tonga. 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. PACER Plus covers trade in goods (rules of origin and verification PACER Plus will enter into force on 13 December. PACER Plus will enter into force on 13 December. The Agreement entered into force on 13 December 2020. 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. Pacer Plus set to come on stream later this year - Cooks Deputy PM. The Pacific Islands Trade Portal An online information system to facilitate the implementation of the PACER plus Agreement. The remaining signatories that are yet to ratify are Nauru, Tuvalu and Vanuatu. 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. 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. The regional free trade agreement, PACER Plus, will come into force on December 13. 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 Cook Islands Finance Minister Mark Brown said the decision to hit pause on the … Puna says stronger economy will benefit Cook Islands in the long term. After more than a decade of negotiations, the region's PACER Plus free trade deal is set to start on December the 13th. "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.". 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 . PACER Plus negotiations began in 2009 and concluded in 2017. 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. 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. Relevance to Pacer Plus Pacer Plus negotiations began in 2009 and concluded in 2017, with 11 countries signing the Agreement. Cook Islands was the eighth nation to ratify PACER Plus , enabling the agreement to enter into force. Last October, the Cook Islands put its ratification on hold over fears it would miss out on economic assistance when it … “PACER Plus enters into force for Australia, Cook Islands, Kiribati, New Zealand, Niue, Samoa, Solomon Islands and Tonga,” Minister Littleproud said. 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 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. Te Kauono Tutara e te Mana Tiaki – Ministry of Foreign Affairs and Immigration. We are certain that PACER Plus will open new trade and investment opportunities for the Cook Islands that have not existed before. 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. 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. As with every Agreement, however, it will be up to us to take advantage of those opportunities in the months ahead.” As with every Agreement, however, it will be up to us to take advantage of those opportunities in the months ahead.” Eight countries are need to ratify the trade agreement to bring it into force. The broader regional economic picture Eleven Pacific Island countries are signatories to PACER Plus – Australia, New Zealand, Cook Islands, Kiribati, Nauru, Niue, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu. 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. Samoa has ratified a major Pacific free trade agreement, edging it closer to rollout. By the middle of the year the required number of countries are expected to have ratified it, allowing the deal to come into force.

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