PACER Plus

No PACER Plus, says Maru

Minister for International Trade and Investment, Richard Maru emphasized in his first meeting with the new Australian High Commissioner to PNG, His Excellency John Feakes.

Minister Maru said, “I want to make it very clear to the Australian Government that PNG is not interested in the PACER Plus because Australia hardly buys from PNG with trade skewed in Australia’s favour for decades.”

NZ told PACER Plus deal could be destructive for the Pacific

New Zealand with Australia has been strongly promoting the PACER Plus trade over the past 10 years and later last year it got the required backing, though it is still to be ratified.

But Dr Cleo Paskal of the global think tank Chatham House said there was very little in PACER Plue for the island nations.

She said Australia and New Zealand had bullied Pacific countries into a deal that offers very little and include no development for them.

Economist sees merit in Pacific trade deal

Papua New Guinea and Fij have refused to join the Australia and New Zealand-led agreement, which has been signed by most other Pacific nations.

Wadan Narsey, a Fijian economist at Australia's Swinburne University, said the absence of Fiji and PNG was a setback but he said there were still advantages.

He said the first of these was that something was better than nothing.

Pacific businesses keen for PACER Plus to come into effect

Growing the export potential for Pacific businesses was a key issue for the Private Sector Dialogue at last week's leaders forum in Apia.

NZ trade negotiator confident of PACER Plus

The deal was signed in June, but three of the region's largest countries - Papua New Guinea, Fiji and Vanuatu - refused to join, saying it would harm their economies and was imbalanced towards Australia and New Zealand.

The negotiator, Tessa Te Mata, said PACER Plus was about building on existing regional trade agreements and adding to the dynamism, economic integration and trade in the region.

She said the countries that refused to join needed to work out how PACER Plus would work for them and what they wanted from it.

PACER Plus could erode social services in Pacific says CTU

The CTU secretary Sam Huggard presented evidence to New Zealand Parliament's Foreign Affairs, Defence and Trade select committee.

RNZI reports Mr Huggard examined the progress on the PACER-Plus trade agreement.

He said taxes on goods from Australia and New Zealand support health, education and social services, for which there are few alternatives.

"One of those would be a consumer tax like a GST or a VAT, and in the end those taxes hit the poor much stronger than they hit people who are well-off."

PACER Plus could erode social services in Pacific says CTU

The CTU secretary Sam Huggard presented evidence to New Zealand Parliament's Foreign Affairs, Defence and Trade select committee.

Mr Huggard examined the progress on the PACER-Plus trade agreement.

He said taxes on goods from Australia and New Zealand support health, education and social services, for which there are few alternatives.

"One of those would be a consumer tax like a GST or a VAT, and in the end those taxes hit the poor much stronger than they hit people who are well-off."

PTI welcomes PACER Plus signing

The PTI Network has congratulated the Pacific countries who signed the agreement earlier this month in Tonga.

Michael Greenslade, Trade & Investment Commissioner and CEO PTI New Zealand, said it’s an important agreement that will strengthen Pacific relations.

“New Zealand and Australian markets are important for the Pacific Islands, and closer trade and economic relations will have an important role in increasing collective prosperity.  The key objective of PACER Plus is to encourage economic development and promote business growth across the Pacific.”

NZ not worried about absences from PACER Plus

Nine countries from around the region, as well as Australia and New Zealand, are in Tonga to sign the PACER Plus agreement, wrapping up nearly a decade of negotiations.

The deal has been polarising with critics saying it threatens the interests of island countries, and was unbalanced towards the interests of Australia and New Zealand.

But proponents tout it as a new kind of deal that links development to trade.

Todd McClay said this would give funding to boost exports from Pacific countries, and create rules to make it easier for the region's countries to trade.

Pacific trade deal weakened by Fiji, PNG, Vanuatu withdrawal: AFTINET

Dr Patricia Ranald, Convener of the Australian Fair Trade in Investment Network (AFTINET), said today that this is because the three largest Pacific island economies are saying there are no benefits for them.

Dr Ranald said that the text was released only two weeks ago. Pacific island, Australian and NZ community groups are calling for an independent analysis and time for proper public and parliamentary consultation about the deal.