INDEPENDENT NEWS

NZ first country to ratify PACER Plus trade deal

Published: Wed 24 Oct 2018 03:48 PM
NZ first country to ratify PACER Plus trade deal
New Zealand has completed its domestic procedures to ratify the PACER Plus trade and development agreement.
“We have notified Tonga as Depositary for PACER Plus. New Zealand is the first country to ratify the agreement,” Trade and Export Growth Minister David Parker said.
“I am pleased the other 10 signatories showed clear momentum towards ratification at the recent Solomon Islands meeting. Our goal is to bring this agreement into force as soon as we can in 2019.
“New Zealand, together with Australia, is providing significant development assistance to Pacific signatories to support their efforts to ratify in coming months. This reflects New Zealand’s long held view that PACER Plus is primarily a development FTA.”
The sooner PACER Plus enters into force, the sooner Pacific signatories can receive further benefits as part of the implementation phase.
“Pacific signatories will have a direct say in how those funds are spent as we work towards the goal of creating jobs and increasing prosperity in the Pacific,” David Parker said.
“I look forward to continuing to work in partnership with other Pacific Island countries to unlock the further benefits of this agreement.”
PACER Plus comes into force 60 days after at least eight of the eleven signatories have ratified. The other signatories are: Australia, the Cook Islands, Kiribati, Nauru, Niue, Samoa, the Solomon Islands, Tonga, Tuvalu and Vanuatu.
For more information about PACER Plus, including the full text of the agreement and various factsheets, visit https://www.mfat.govt.nz/PACER Plus

Next in New Zealand politics

Independent election policy costing unit a step closer
By: New Zealand Government
Primary and intermediate principals vote to accept new offer
By: NZEI
Breach of 'journalistic privilege' during unlawful search
By: Independent Police Conduct Authority
BSA releases decisions on coverage of mosque attacks
By: Broadcasting Standards Authority
PM's Post-Cab 19/8/19: Bad Mail
By: The Scoop Team
Ongoing drug-test sanctions contradicts Govt’s rhetoric
By: Auckland Action Against Poverty
More measures to help those facing homelessness
By: New Zealand Government
Strategy launched to break the cycle of Māori reoffending
By: New Zealand Government
NZ Initiative praises Government for fiscal watchdog
By: The New Zealand Initiative
Ministry response to NZEI Te Riu Roa Ballot Result
By: Ministry of Education
Police repeatedly broke the law while investigating RawShark
By: Nicky Hager
Police response to IPCA findings
By: New Zealand Police
Hager case highlights threats to media indepdendence
By: Green Party
Help to stay in tenancies a 'critical' step on homelessness
By: RNZ
Government support for homeless a welcome step
By: Public Service Association
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media