For more information or queries contact MediaOCO@ocosec.org. The Cook Islands had put its ratification on hold because of fears it would miss out on development assistance, but Mark Brown says the deal will be ratified in June. Trade and Export Growth Minister David Parker welcomed the announcement that the Cook Islands is the eighth nation to ratify this landmark agreement. Pacer Plus countries currently include Australia, Cook Islands, Kiribati, Nauru, New Zealand, Niue, Samoa, Solomon Islands and Tonga. On signing the Instrument of Ratification, Prime Minister Brown stressed the importance of PACER Plus for the Cook Islands: “economic diversification is a cornerstone of our development strategy and international trade policy must be an important strategic tool we use to strengthen and diversify our economy. Eight countries are Parties to the Agreement: Australia, Cook Islands, Kiribati, New Zealand, Niue, Samoa, Solomon Islands and Tonga. Puna says stronger economy will benefit Cook Islands in the long term. It has been signed by 11 countries. PACER Plus negotiations commenced in 2009 and the Agreement was opened for signature in Nuku'alofa on 14 June 2017. Te Kauono Tutara e te Mana Tiaki – the Ministry of Foreign Affairs and Immigration (MFAI) is responsible for Government trade policy matters and has led the Cook Islands participation in PACER Plus-related activities. As Cook Islands Prime Minister Mark Brown said, “We are certain that PACER Plus will open new trade and investment opportunities for the Cook Islands that have not existed before. “It also remains open to accession by Nauru, Tuvalu and Vanuatu which have signed but not ratified, and likewise to other Pacific Island countries such as Fiji and Papua New Guinea which are yet to sign the agreement. PACER Plus is due to enter into force on 13 December 2020, and will mark the largest free trade agreement (FTA) to … The remaining signatories yet to ratify are Nauru, Tuvalu and … Frank Grozel & Poul Hansen United Nations Conference on Trade and Development (UNCTAD) The broader regional economic picture “PACER Plus ready to go sends a very strong message that the Pacific region and New Zealand are ready to do business,’ Fiso John Fiso said. The Cook Islands is the eighth signatory of PACER Plus to ratify the Agreement, thus bringing the Agreement into force with the Cook Islands being one of the original parties. The objective of the Agreement is to maximise opportunities for Forum Island Countries (FICs) to use trade and investment as engines of growth, to create jobs and ensure higher incomes and living standards. The Cook Islands is putting its ratification of the regional trade deal known as PACER Plus on hold. Tonga's government has committed to ratifying the Pacer Plus trade deal. As with every Agreement, however, it will be up to us to take advantage of those opportunities in the months ahead.” ... Tonga, Solomon Islands, Niue and Cook Islands. Pacer Plus set to come on stream later this year - Cooks Deputy PM. PACER Plus is within the scope of WikiProject Australia, which aims to improve Wikipedia's coverage of Australia and Australia-related topics. Cook Islands to formally ratify Pacer Plus in June, Sport: PNG sailor takes dad's lead in pursuing Olympic dream, PACER deal will hurt Pacific, strengthen China - analyst, Samoa Parliament mourns death of first term MP, PNG Covid cases now at 843 after new spate of cases, Climate vulnerability assessment underway in Bougainville atolls, Councillor disgusted by comments over reo Māori karakia at Grey Power meeting, Trump pardons Steve Bannon, considers starting new political party, $24m flood protection and bridge project in Franz Josef under review, Iwi protesting Shelly Bay sale serve developer with trespass notice. For the past three years, the Cook Islands has been working to put in place legal and other arrangements to enable the Government to ratify the Agreement. In doing so, it has played a coordination role within Government in efforts to prepare for ratification, working closely with the Business Trade and Investment Board, the Crown Law Office, Ministry of Agriculture, Ministry of Finance and Economic Management and others on various aspects of the Agreement. PACER Plus opened for signature on 14 June 2017, and has been signed by Australia, New Zealand and nine Pacific island countries (Cook Islands, Kiribati, Nauru, Niue, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu). We are certain that PACER Plus will open new trade and investment opportunities for the Cook Islands that have not existed before. PACER Plus is an agreement that has been sold as a positive development outcome for Pacific Island Countries (PICs). Te Kauono Tutara e te Mana Tiaki – Ministry of Foreign Affairs and Immigration. Australia, the Cook Islands, Kiribati, Niue, Samoa, Solomon Islands and Tonga was opened signature. 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