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 Herd Immunity Isn’t A Valid Option, And What’s With Our Reluctance To Wear Masks?

Herd immunity has recently bounced back into the headlines as a tool for managing Covid-19, and as a supposed alternative to lockdowns. In the US, a group of scientists was recently brought together in the town of Great Barrington, Massachusetts by a think tank funded by the Koch brothers. The assembled scientists signed the so called Barrington Declaration, which promotes herd immunity as a rational means of re-opening US public schools and the economy at large... More>>


Gordon Campbell: On National Being Shafted By Its Own Creation

As it licks its wounds, let’s hope the National Party can still find time to look back with some pride at what it has achieved in Epsom. The Act Party’s nationwide success on Saturday night has been a tribute to National’s foresight, and to its ... More>>


Green Party: 'Fruitful Discussions ... Further Discussions To Have'

The Green Party says there is a negotiation going on with the Labour Party, but there are more discussions to be had. More>>


Border: No Changes To Border Exemptions After Fishing Crew Test Covid-19 Positive

The cases were detected after routine day three testing but the immigration minister and air commodore agree there's no need to change border exemptions. More>>

PSA: Labour-Led Government Has Mandate For Transformation, Equality And Transparency

The Public Service Association welcomes the progressive electoral landslide New Zealand voters delivered on Saturday, and the union says its members look forward to implementing policies that reduce poverty and inequality, support affordable housing ... More>>


Stats NZ: New Report Shows Significant Changes To New Zealand’s Climate

Climate change is already happening in New Zealand and could have a profound impact on future generations of New Zealanders, a new report from the Ministry for the Environment and Stats NZ says. Our atmosphere and climate 2020 , released today, includes analysis ... 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