Pacer Plus Agreement

It was signed in Nauru on 3 October 2002 and came into force on 3 October 2002. It is a framework agreement that sets out a framework for the future development of trade and economic relations throughout the Forum region. This report examines the possible impact of the transparency provisions of the Pacific Agreement on Closer Economic Relations (PACER) Plus on the results achieved in the region of nine Pacific Island States – Kiribati, Nauru, Samoa, Solomon Islands, Tonga, Tuvalu, Vanuatu, Cook Islands and Niue – which signed the PACER Plus agreement with Australia and New Zealand in 2017. It also examines the socio-economic, gender and trade profiles of the nine Pacific Island States and examines the impact of gender exchanges. Negotiations on the agreement began in 2009[1] and were completed in April 2017. [2] It was opened for signature in June 2017 in Nuku`alofa, Tonga and has been signed by eleven countries: Australia, Cook Islands, Kiribati, Nauru, New Zealand, Niue, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu. [3] The Pacific Closer Economic Relations Agreement (PACER) is a framework agreement between members of the Forum Island Countries plus Australia and New Zealand that provides a framework for the future development of trade cooperation. PACER Plus is a free trade agreement between members of the Forum Island Countries plus Australia and New Zealand. The agreement expands the current Agreement on Closer Pacific Economic Relations (PACER) to further trade liberalization and development assistance. It will come into force on December 13, 2020. [1] It does not contain substantial provisions relating to trade liberalization; Rather, it provides for a gradual process of trade liberalization. This begins with a free trade agreement on goods between Pacific Island States (PICTA) which will be implemented from September 2008 and will likely be extended to services thereafter.

Pacer provides programmes to assist members of island states, which facilitate exchanges and capacity building. It also provides for future forum-based reciprocal free trade negotiations (including Australia and New Zealand). For the time being, these negotiations are not scheduled for 2011, but they are likely to be preferred following the negotiations of the Pacific Island countries for an economic partnership agreement with the European Union. The nine Pacific Island States share the economic characteristics, challenges and opportunities of small island developing states. The biggest challenge is its “smallness” in terms of area, population and savings, which is an important driver of their economic vulnerability, as it involves small economies and a narrow resource base, resulting in limited opportunities for production, export and employment.

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