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. ... Tonga, Solomon Islands, Niue and Cook Islands. 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 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 countries currently include Australia, Cook Islands, Kiribati, Nauru, New Zealand, Niue, Samoa, Solomon Islands and Tonga. The Pacific Islands Trade Portal An online information system to facilitate the implementation of the PACER plus Agreement. 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. 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. PACER Plus is a one-way trade deal and squandered opportunity for the Pacific islands writes Adam Wolfenden. 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. The regional free trade agreement, PACER Plus, will come into force on December 13. Pacific regional trade and development agreement PACER Plus will enter into force in 60 days now that the required eight countries have ratified it. 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. Tonga's government has committed to ratifying the Pacer Plus trade deal. 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. As with every Agreement, however, it will be up to us to take advantage of those opportunities in the months ahead.” Last October, the Cook Islands put its ratification on hold over fears it would miss out on economic assistance when it … 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. (Source: RNZ pacific news 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. 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 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). Australia, the Cook Islands, Kiribati, Niue, Samoa, Solomon Islands, Tonga and New Zealand have now ratified. 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). The remaining signatories that are yet to ratify are Nauru, Tuvalu and Vanuatu. Given the entry of PACER Plus into force it will now … 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 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 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 Cook Islands is putting its ratification of the regional trade deal known as PACER Plus on hold. 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. 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. 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. Mark Brown said the first benefit would be access to help from New Zealand and Australia. Queries regarding this release can be directed to Antonina.Browne@cookislands.gov.ck. Australia, Cook Islands, Kiribati, Niue, Samoa, Solomon Islands, Tonga and New Zealand have now ratified. “PACER Plus enters into force for Australia, Cook Islands, Kiribati, New Zealand, Niue, Samoa, Solomon Islands and Tonga,” Minister Littleproud said. PACER Plus will enter into force on 13 December. 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 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 is within the scope of WikiProject Australia, which aims to improve Wikipedia's coverage of Australia and Australia-related topics. The agreement expands the existing Pacific Agreement on Closer Economic Relations (PACER) to include further trade liberalisation and development assistance. PACER Plus is an agreement that has been sold as a positive development outcome for Pacific Island Countries (PICs). The remaining signatories yet to ratify are Nauru, Tuvalu and … After more than a decade of negotiations, the region's PACER Plus free trade deal is set to start on December the 13th. Cook Islands is the eighth signatory to PACER Plus, joining Australia, Kiribati, New Zealand, Niue, Samoa, Solomon Islands and Tonga. 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. In recent years MFAI has been proactive in consulting with national stakeholders from the public and private sectors and civil society about the Agreement. 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. 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. 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. “PACER Plus enters into force for Australia, Cook Islands, Kiribati, New Zealand, Niue, Samoa, Solomon Islands and Tonga,” Minister Littleproud said. The remaining signatories yet to ratify are Nauru, Tuvalu and Vanuatu. “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. Relevance to Pacer Plus Pacer Plus negotiations began in 2009 and concluded in 2017, with 11 countries signing the Agreement. 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 with every Agreement, however, it will be up to us to take advantage of those opportunities in the months ahead.” Photo: Cook Islands News. 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 broader regional economic picture Australia, the Cook Islands, Kiribati, Niue, Samoa, Solomon Islands, Tonga and New Zealand have now ratified. 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.” PACER Plus negotiations commenced in 2009 and the Agreement was opened for signature in Nuku'alofa on 14 June 2017. 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. 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 Cook Islands Prime Minister Henry Puna has signalled his government will shortly ratify a major regional trade agreement. The PACER Plus trade deal is led by New Zealand and Australia and has nine Pacific Island signatories, but only Samoa has ratified it. Eight countries are Parties to the Agreement: Australia, Cook Islands, Kiribati, New Zealand, Niue, Samoa, Solomon Islands and Tonga. 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. 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 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. Cook Islands puts PACER Plus ratification on hold. Last October, the Cook Islands put its ratification on hold over fears it would miss out on economic assistance when it graduated 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. 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 set to come on stream later this year - Cooks Deputy PM. Queries regarding this release can be directed to Antonina.Browne@cookislands.gov.ck 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. The Agreement entered into force on 13 December 2020. The remaining signatories that are yet to ratify are Nauru, Tuvalu and Vanuatu. Eight End. If you would like to participate, visit the project page. PACER Plus is a free trade agreement between members of the Pacific Islands Forum (the Forum Island Countries plus Australia and New Zealand). About OCO: OCO is a grouping of 23 customs administrations in the Pacific region. 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. PACER Plus entered into force on 13 December 2020. PACER Plus negotiations began in 2009 and concluded in 2017. 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 with every Agreement, however, it will be up to us to take advantage of those opportunities in the months ahead.” If you would like to participate, visit the project page . 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. PACER Plus Ministers Communique Category: Financial Secretary Office News “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 – a regional trade agreement between Australia, New Zealand and Pacific island … Countries out of … We are certain that PACER Plus will open new trade and investment opportunities for the Cook Islands that have not existed before. It entered into force on 13 December 2020. 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