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


Pacific Trade And Development Agreement A Reality

Hon David Parker

Minister For Trade And Export Growth

Pacific regional trade and development agreement PACER Plus will enter into force in 60 days now that the required eight countries have ratified it.

Trade and Export Growth Minister David Parker welcomed the announcement that the Cook Islands is the eighth nation to ratify this landmark agreement.

“The agreement represents a deepening of New Zealand’s relationship with the Pacific and reflects our enduring commitment to the region.

“It recognises the unique challenges that some of our Pacific partners face in international trade caused by their relative size, distance from markets and high cost structures.”

Australia, Cook Islands, Kiribati, Niue, Samoa, Solomon Islands, Tonga and New Zealand have now ratified.

The remaining signatories that are yet to ratify are Nauru, Tuvalu and Vanuatu.

“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.

“It will also provide greater certainty for New Zealand businesses trading with the Pacific.

“The fact that four of our Pacific partners completed their ratification in the middle of the COVID-19 pandemic demonstrates the value they also see in this agreement.

“PACER Plus is a further demonstration of our region’s commitment to open, rules-based trade that is crucial to help the region and the world recover from the economic impact of the pandemic,” David Parker said.

A key part of the agreement is a commitment to help better position Pacific countries to engage in international trade.

“The Development and Economic Cooperation package built into the agreement is designed to build the necessary resources and capability,” David Parker said.

New Zealand commits to ensuring that 20 per cent of Overseas Development Aid (ODA) through the New Zealand Aid programme is allocated to Aid for Trade activities. New trade-related development opportunities will be developed in partnership with Pacific countries.

Notes to editors:

· PACER Plus enters into force 60 days after the date on which the eighth country notifies the Depositary (Tonga) of their ratification.

· The Development and Economic Cooperation package will be jointly funded by New Zealand and Australia to a total AUD $25.5m over five years. New Zealand’s contribution is NZD $7m.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Why The Greens Shouldn’t Join The Government

We know she’s a miracle worker, but can Jacinda Ardern really find a cure for capitalism? Tough job. Especially when Ardern is being expected to fix the effects of capitalism – child poverty, unaffordable housing, social inequality – without radically changing the economic structures that keep on generating those outcomes. Unfortunately, Ardern and her Finance Minister Grant Robertson are not by temperament (or by ideology) radical, risk taking politicians... More>>


Poll: Labour On 46%, National 31%, While Greens And ACT Both On 8%

Tonight's political poll puts Labour on 46 percent and National on 31 percent with just one day remaining until election day. More>>


NZ First: Winston Peters Returns To Tauranga In Final Campaign Sprint

NZ First leader Winston Peters is on the final campaign sprint after a marathon tour of the whole country as he fights for his political survival, writes Jo Moir. More>>


Election: Labour Releases Full Manifesto

The Labour Party Manifesto sets the ongoing COVID recovery as the top priority for Government. More>>


NZ First Foundation: Media Companies Lodge Urgent Appeal Over Name Suppression

Media outlets including RNZ are seeking an urgent appeal over name suppression granted to two people charged in the NZ First Foundation donations case. More>>


Judith Collins: Obese People Must Take Responsibility For 'personal Choices'

National Party leader Judith Collins has described obesity as a weakness and says people should not 'blame systems for personal choices'. More>>

Māori Party: Poll Reveals Tamihere On Cusp Of Historic Māori Movement Election Victory

John Tamihere’s election campaign is on the rise and on track to return the Māori Party to parliament, a new Māori TV poll has revealed. The poll released on 11 October during the seventh and final Māori TV Maori Electoral campaign coverage has Tamihere ... More>>

Gordon Campbell: On Four-Year Terms Of Parliament, And On How The US Courts Are Dismantling Democracy

Last week, the issue of four-year parliamentary terms surfaced again. Infuriatingly, it is being discussed purely in terms of its convenience for political parties. They’d get so much more time to enact their policies, free of scrutiny or sanction by voters ... More>>





InfoPages News Channels