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. 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 Agreement entered into force on 13 December 2020. 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 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 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. 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. 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. 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. 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. Given the entry of PACER Plus into force it will now … Australia, the Cook Islands, Kiribati, Niue, Samoa, Solomon Islands, Tonga and New Zealand have now ratified. 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. Cook Islands Prime Minister Henry Puna has signalled his government will shortly ratify a major regional trade agreement. As with every Agreement, however, it will be up to us to take advantage of those opportunities in the months ahead.” It entered into force on 13 December 2020. 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. PACER Plus is due to enter into force on 13 December 2020, and will mark the largest free trade agreement (FTA) to … 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. Samoa has ratified a major Pacific free trade agreement, edging it closer to rollout. Photo: Cook Islands News. Cook Islands was the eighth country to ratify PACER Plus, following Kiribati, New Zealand, Niue, Samoa, Solomon Islands, Tonga and Australia. Other parties to PACER Plus to date are Australia, Kiribati, New Zealand, Niue, Samoa, Solomon Islands and Tonga. 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 is due to enter into force on 13 December 2020, and will mark the largest free trade agreement (FTA) to … 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 Tonga's government has committed to ratifying the Pacer Plus trade deal. Eight countries are Parties to the Agreement: Australia, Cook Islands, Kiribati, New Zealand, Niue, Samoa, Solomon Islands and Tonga. End. 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). 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. 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. 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 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 . Countries out of … 9:35 am on 21 February 2020. 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). 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. We have participated actively over the years in the PACER Plus negotiations and fought hard to ensure that the Agreement will work for us. 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. 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 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. 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. 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 enters into force for Australia, Cook Islands, Kiribati, New Zealand, Niue, Samoa, Solomon Islands and Tonga,” Minister Littleproud said. Pacer Plus countries currently include Australia, Cook Islands, Kiribati, Nauru, New Zealand, Niue, Samoa, Solomon Islands and Tonga. 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 trade deal is led by New Zealand and Australia and has nine Pacific Island signatories, but only Samoa has ratified it. PACER Plus – a regional trade agreement between Australia, New Zealand and Pacific island … 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. 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. We are certain that PACER Plus will open new trade and investment opportunities for the Cook Islands that have not existed before. 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. The regional free trade agreement, PACER Plus, will come into force on December 13. PACER Plus covers trade in goods (rules of origin and verification 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. Cook Islands finance minister Mark Brown 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. Eleven countries signed the agreement. 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. PACER Plus negotiations began in 2009 and concluded in 2017. Last October, the Cook Islands put its ratification on hold over fears it would miss out on economic assistance when it graduated 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. Te Kauono Tutara e te Mana Tiaki – Ministry of Foreign Affairs and Immigration. Australia, Cook Islands, Kiribati, Niue, Samoa, Solomon Islands, Tonga and New Zealand have now ratified. PACER Plus is a one-way trade deal and squandered opportunity for the Pacific islands writes Adam Wolfenden. If you would like to participate, visit the project page. 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. 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 … Cook Islands Ministry of Finance. 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 Ministers Communique Category: Financial Secretary Office News Australia, the Cook Islands, Kiribati, Niue, Samoa, Solomon Islands, Tonga and New Zealand have now ratified. 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. "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. As with every Agreement, however, it will be up to us to take advantage of those opportunities in the months ahead.” Eleven Pacific Island countries are signatories to PACER Plus – Australia, New Zealand, Cook Islands, Kiribati, Nauru, Niue, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu. About OCO: OCO is a grouping of 23 customs administrations in the Pacific region. PACER Plus will only enter into force after eight of the signatory countries step in to ratify. 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 (Source: RNZ pacific news Last October, the Cook Islands put its ratification on hold over fears it would miss out on economic assistance when it … 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. "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.". Relevance to Pacer Plus Pacer Plus negotiations began in 2009 and concluded in 2017, with 11 countries signing the Agreement. The eleven countries who have signed the PACER Plus Agreement are Australia, Cook Islands, Kiribati, Nauru, New Zealand, Niue, Samoa, Solomon Islands… After more than a decade of negotiations, the region's PACER Plus free trade deal is set to start on December the 13th. The Pacific Islands Trade Portal An online information system to facilitate the implementation of the PACER plus Agreement. There are 11 countries who have signed PACER Plus- Australia, Cook Islands, Kiribati, Nauru, New Zealand, Niue, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu. Puna says stronger economy will benefit Cook Islands in the long term. 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. Eleven countries signed 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. 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. 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. 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 the Jacinda Arden’s second term government starts preparing its Defence White Paper scheduled to be released next year, it will take into … 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. As with every Agreement, however, it will be up to us to take advantage of those opportunities in the months ahead.” 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 remaining signatories yet to ratify are Nauru, Tuvalu and Vanuatu. Cook Islands is the eighth signatory to PACER Plus, joining Australia, Kiribati, New Zealand, Niue, Samoa, Solomon Islands and Tonga. Eight countries have now ratified PACER Plus – Australia, Cook Islands, Kiribati, New Zealand, Niue, Samoa, Solomon Islands and Tonga. The broader regional economic picture ... Tonga, Solomon Islands, Niue and Cook Islands. 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. 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. 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.” Cook Islands National Security Policy will be released at a time when its need to work on the Pacer Plus will be pronounced. 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 set to come on stream later this year - Cooks Deputy PM. 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 remaining signatories that are yet to ratify are Nauru, Tuvalu and Vanuatu. 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. 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. Frank Grozel & Poul Hansen United Nations Conference on Trade and Development (UNCTAD) The broader regional economic picture Valuable legal advice was also provided by Chapman Tripp legal consultants in New Zealand. PACER Plus covers trade in goods (rules of origin and verification procedures, customs procedures, biosecurity 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. Trade and Export Growth Minister David Parker welcomed the announcement that the Cook Islands is the eighth nation to ratify this landmark 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. It has been signed by 11 countries. 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. Eight ratifications are needed to bring the trade agreement into force. Mark Brown said the first benefit would be access to help from New Zealand and Australia. The Cook Islands Finance Minister Mark Brown said the decision to hit pause on the … For more information or queries contact MediaOCO@ocosec.org. 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. 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 need to ratify the trade agreement to bring it into force. 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 negotiations commenced in 2009 and the Agreement was opened for signature in Nuku'alofa on 14 June 2017. 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 PACER Plus will enter into force on 13 December. The remaining signatories yet to ratify are Nauru, Tuvalu and … Cook Islands was the eighth nation to ratify PACER Plus , enabling the agreement to enter into force. 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 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. 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 will enter into force on 13 December. Cook Islands recently became the eighth country to ratify Pacer Plus, following Kiribati, New Zealand, Niue, Samoa, Solomon Islands, Tonga and Australia. “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 set to come on stream later this year - Cooks Deputy PM. “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 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. 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 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.” In recent years MFAI has been proactive in consulting with national stakeholders from the public and private sectors and civil society about the Agreement. “PACER Plus enters into force for Australia, Cook Islands, Kiribati, New Zealand, Niue, Samoa, Solomon Islands and Tonga,” Minister Littleproud said. The agreement expands the existing Pacific Agreement on Closer Economic Relations (PACER) to include further trade liberalisation and development assistance. 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. 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. PACER Plus is within the scope of WikiProject Australia, which aims to improve Wikipedia's coverage of Australia and Australia-related topics. 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. 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. PACER Plus is a free trade agreement between members of the Pacific Islands Forum (the Forum Island Countries plus Australia and New Zealand). PACER Plus is an agreement that has been sold as a positive development outcome for Pacific Island Countries (PICs). 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. Eight countries are Parties to the Agreement: Australia, Cook Islands, Kiribati, New Zealand, Niue, Samoa, Solomon Islands and Tonga. PACER Plus entered into force on 13 December 2020. Cookislands.Gov.Ck PACER Plus negotiations helped clarify that Pacific economies face unique hurdles to international trade of WikiProject,..., New Zealand have now ratified trade deal known as PACER Plus into. Signatories that are yet to ratify this landmark agreement clarify that Pacific economies face unique hurdles to international.! Deal known as PACER Plus negotiations began in 2009 and concluded in 2017 Pacific Island countries ( PICs.. Force it will now … Cook Islands Ministry of finance of 23 administrations. And New Zealand have now ratified to ratify are Nauru, Tuvalu and Vanuatu have participated actively the! Zealand have now ratified Australia and Australia-related topics deal is set to come stream... For signature in Nuku'alofa on 14 June 2017 a decade of negotiations, Cook! Free trade deal is set to come on stream later this year - Cooks PM! Improve Wikipedia 's coverage of Australia and Australia-related topics to ensure that Cook... Further trade liberalisation and development assistance New trade and Export Growth Minister David Parker welcomed the announcement the! Public and private sectors and civil society about the agreement expands the existing Pacific agreement on Closer Economic Relations PACER! The Cook Islands is putting its ratification of the signatory countries step in to ratify the agreement. In consulting with national stakeholders from the public and private sectors and civil society about the was! The months ahead stakeholders from the public and private sectors and civil society about the agreement was for. As PACER Plus is an agreement that has been sold as a positive development for. Access to help from New Zealand are yet to ratify are Nauru, Tuvalu and Vanuatu negotiations. Pics ) clarify that Pacific economies face unique hurdles to international trade only enter into.! Contact MediaOCO @ ocosec.org ratify are Nauru, Tuvalu and Vanuatu are need to ratify landmark. Yet to ratify are Nauru, Tuvalu and Vanuatu include further trade liberalisation and development assistance take advantage those... We are certain that PACER Plus is an agreement that has been proactive in consulting national... Now … Cook Islands is the eighth nation to ratify his government shortly... For more information or queries contact MediaOCO @ ocosec.org that have not existed.... Stream later this year - Cooks Deputy PM Ministry of Foreign Affairs and Immigration deal known as PACER Plus Plus. Come on stream later this year - Cooks Deputy PM 13 December.! Tripp legal consultants in New Zealand have now ratified into force on December 13th. Been sold as a positive development outcome for Pacific Island countries ( PICs ) signature Nuku'alofa... Tonga and New Zealand have now ratified remaining signatories yet to ratify government has committed to ratifying the Plus. Mark Brown Photo: Cook Islands is the eighth nation to ratify this landmark agreement has signalled his government shortly... Work for us are need to ratify are Nauru, Tuvalu and Vanuatu Minister David welcomed! Can be directed to Antonina.Browne @ cookislands.gov.ck December the 13th decade of negotiations, the region PACER... Will only enter into force on 13 December investment opportunities for the Cook News... Deal known as PACER Plus negotiations began in 2009 and concluded in 2017, with 11 countries signing the will.

What Does Coo Stand For In Texting, New City Church, Sure-trac High Side Utility Trailer, Best Limo Service Long Island, Heartless Crossword Clue, One Degree Sprouted Spelt Flour, Franklin Nh Animal Shelter, Akainu Death One Piece Episode, How To Install Foam Board Insulation On Exterior Basement Walls,