About PACER Plus
The Pacific Agreement on Closer Economic Relations (PACER) Plus will help Pacific Islands Forum countries benefit from enhanced regional trade and economic integration. Pacific Islands Forum Leaders launched negotiations on PACER Plus at their 40th meeting in August 2009. On 20 April 2017, 14 negotiating parties concluded negotiations.
The 20 April meeting outcome statement is available from the Office of the Chief Trade Adviser (OCTA) website.
Negotiating parties are currently preparing the legal text for release, and expect to sign the Agreement in Tonga in June 2017.
Key interests and benefits
- A new regional trade and economic agreement provides a long-term opportunity to create jobs, enhance private sector growth, raise standards of living, and boost economic growth in Forum Island Countries.
- The Agreement will result in phased market liberalisation that takes account of the economic development and unique challenges of Forum Island Countries.
- Australia, along with New Zealand, will provide development assistance to help Forum Island Countries to implement PACER Plus and to maximise the benefits from the opportunities it creates.
- Cook Islands
- Federated States of Micronesia
- New Zealand
- Republic of the Marshall Islands
- Solomon Islands
About the negotiations