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492:, the two largest Pacific island economies, have refused to join, significantly undermining the value of the deal to the Pacific. The removal of tariffs on imported Australian and New Zealand goods is expected to cause a significant loss of revenue to Pacific governments. The Pacific Network on Globalisation has called the agreement "unbalanced" as key provisions on aid and labour mobility are non-binding.
475:
in July 2020. Kiribati and Tonga also ratified it. The Cook
Islands ratified on 13 October 2020, the eighth country to do so. The treaty entered into force two months after the eighth ratification. In August 2024, Fiji announced they would re-evaluate joining in PACER Plus.
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The agreement needed to be ratified by eight signatories to come into force. New
Zealand was the first to ratify it, in October 2018, followed by Australia in December 2018, Samoa in July 2019, the
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416:(PACER) to include further trade liberalisation and development assistance. It entered into force on 13 December 2020.
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Negotiations on the agreement began in 2009, and were completed in April 2017. It was opened for signature in
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Comprehensive and
Progressive Agreement for Trans-Pacific Partnership
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Comprehensive and
Progressive Agreement for Trans-Pacific Partnership
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844:"Economist says PACER Plus without PNG and Fiji is worthless"
669:"Pacific Agreement on Closer Economic Relations (PACER) Plus"
535:"Pacific Agreement on Closer Economic Relations (PACER) Plus"
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866:"Pacific trade deal signatories face heavy losses - report"
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The value of the agreement to the
Pacific is disputed.
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Trans-Pacific
Strategic Economic Partnership Agreement
769:"Few gains for Pacific in PACER deal - New Zealand MP"
625:"Solomons ratifies Pacer Plus amid calls for re-think"
16:
Multilateral free trade agreement in the South
Pacific
1293:
Agreement on
Climate Change, Trade and Sustainability
718:"Regional trade agreement brings new hope to growers"
741:
671:. Australian Department of Foreign Affairs and Trade
537:. Australian Department of Foreign Affairs and Trade
512:. Australian Department of Foreign Affairs and Trade
647:"Niue ratifies regional PACER Plus trade agreement"
791:"Mixed reviews on Pacific Trade deal, Pacer Plus"
583:New Zealand Ministry of Foreign Affairs and Trade
400:is a free trade agreement between members of the
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888:"Watchdog warns of 'unbalanced' Pacer Plus deal"
1326:Gulf Cooperation Council (CCASG / GCC)
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557:"PACER Plus about development as much as trade"
1341:Indo-Pacific Economic Framework for Prosperity
817:"Pacific trade deal PACER-Plus is PACER-minus"
744:"Fiji reviews trade pact amid growing deficit"
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414:Pacific Agreement on Closer Economic Relations
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1241:ASEAN–Australia–New Zealand Free Trade Area
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1091:
742:Shania Shayal Prasad (19 August 2024).
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605:. Radio NZ International. 22 July 2019
603:"Samoa Ratifies Pacer Plus Trade Deal"
412:). The agreement expands the existing
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690:Samantha Magick (15 October 2020).
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964:Free trade agreements of Australia
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797:. 20 September 2019
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823:. 29 November 2017
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649:. RNZ. 3 July 2020
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1085:Negotiating
1009:South Korea
985:New Zealand
410:New Zealand
301:New Zealand
153:New Zealand
82:Signatories
1360:Categories
1253:PACER Plus
1072:PACER Plus
872:2 November
850:2 November
827:2 November
775:2 November
727:2 November
701:2 November
588:2018-09-18
563:2 November
541:2 November
496:References
426:Nuku'alofa
398:PACER Plus
20:PACER Plus
1314:Bilateral
1243:(AANZFTA)
1197:Singapore
1187:Hong Kong
1177:Australia
1170:Bilateral
1092:Bilateral
1062:(AANZFTA)
1030:Indonesia
1023:Hong Kong
1005:Malayasia
989:Singapore
978:Bilateral
753:22 August
516:23 August
480:Criticism
456:, Tonga,
406:Australia
260:Australia
101:Australia
74:Effective
1283:Awaiting
1204:Thailand
1192:Malaysia
1163:Existing
997:Thailand
971:Existing
748:FBC News
438:Kiribati
288:Kiribati
127:Kiribati
1295:(ACCTS)
1275:Pending
1237:(CPTPP)
1231:(TPSEP)
1056:(CPTPP)
675:16 July
631:24 June
462:Vanuatu
420:History
385:Vanuatu
241:Parties
231:Vanuatu
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846:. ABC
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442:Nauru
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329:Samoa
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140:Nauru
1026:Peru
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488:and
486:Fiji
473:Niue
460:and
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64:Type
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
