Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

NZ first country to ratify PACER Plus trade deal

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



© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

National Terrorism Threat Level Moves To Medium
Medium is defined as a terrorist attack is assessed as feasible and could well occur. The new level remains higher than it was before the 15 March terrorist attack when the threat level was low. More>>

SCOOP COVERAGE: CHRISTCHURCH MOSQUES TERROR ATTACK


Environment Aotearoa 2019: Report Warns Environment In Serious Trouble

The report is jointly produced by the Ministry for the Environment and Statistics New Zealand, and is a follow on from the last report in 2015.

The report says the way New Zealanders live and make a living is having a serious impact on the environment, and the benefits New Zealanders get from being in nature, though not measured or quantified, could be lost. More>>

 

Gordon Campbell: On Scrapping The Capital Gains Tax

As PM Jacinda Arden said yesterday, there was no point in Labour bringing a proposal into the House that it didn’t have the votes to get passed. Looking back, maybe she always felt this outcome to be inevitable... More>>

ALSO:

City Rail Link: Billion Dollar Cost Rise (And Preferred Bidder)

The revised cost envelope for completing the entire Auckland City Rail Link project now totals $4.419 billion. The revised cost has yet to be endorsed by the project’s sponsors (the Crown and Auckland Council). More>>

ALSO:

Meth Scare: Debt Write-Off For HNZ Meth Testing Evictions

People living in Housing New Zealand (HNZ) properties who were wrongly evicted because of flawed methamphetamine contamination policies will have their related debts with the Ministry of Social Development (MSD) written off. More>>

ALSO:

RNZ Report: Fears Grow For NZ Nurse Kidnapped In Syria

A New Zealand nurse working for the Red Cross was captured by Islamic State (IS) in Syria more than five years ago, and there are now public pleas for any information that could help bring her home. More>>

ALSO:

Streets Blocked In London: Climate 'Extinction Rebellion' Reaches Aotearoa

Across the world, thousands of people are taking part in a rebellion to avert climate, ecological and human catastrophe. This begins in Aotearoa New Zealand today. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels