Hon Todd McClay
Minister of Trade
20 June 2017
PACER Plus NIA released as agreement tabled
Trade Minister Todd McClay tabled the PACER Plus trade and development agreement in Parliament today and has released
the National Interest Analysis (NIA), which sets out the benefits of this landmark agreement.
Mr McClay says that PACER Plus is a high quality trade and development agreement which will help drive sustainability
and economic certainty for our Pacific Island neighbours.
“The NIA gives comprehensive detail on PACER Plus. It explains how this unique trade and development agreement benefits
our close friends in the Pacific and guarantees competitive access for the New Zealand businesses who trade with them,”
Mr McClay says.
“As part of Trade Agenda 2030 we’ve committed to engaging New Zealanders more on trade issues. The tabling of the
agreement and NIA signals the start of the treaty examination process and will be enhanced by a programme of public
meetings to provide more information on PACER Plus.
PACER Plus was signed by Mr McClay in Tonga last week after 8 years of negotiations.
"PACER Plus strikes a fair balance between lowering tariffs and offering greater certainty for New Zealand businesses
and investors, while ensuring Pacific Island countries benefit from trade. Those benefits include increased capacity and
the modernisation of their economies at a sustainable and realistic pace," Mr McClay says.
"The agreement ensures New Zealand will be treated fairly in any future trade and investment deals that might be done
with other trading partners."
The National Interest Analysis, along with a range of factsheets, can be found on the Ministry of Foreign Affairs and
Trade’s website.
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