Australia has successfully concluded negotiations with New Zealand and 12 Pacific Island countries in Brisbane today to implement PACER Plus - the Pacific Agreement on Closer Economic Relations Plus. This agreement will drive economic growth and raise living standards in our region.
PACER Plus is unique in that it is both a trade and a development agreement. It has the potential to reshape the economic fundamentals of the Pacific region by creating new opportunities for trade and investment in our neighbourhood.
Media release: Pacific trade and development agreement concluded