Welcome to PNG’s top-ranked business media. PACERPlus is a proposed free trade agreement between the Forum Islands Countries and Australia and New Zealand. Australia, New Zealand, and eight Pacific island countries signed the Pacific Agreement on Closer Economic Relations Plus (PACER Plus) last week in Nuku’alofa, Tonga, eight years after negotiations for … This multipronged approach will create a better financial climate for business in the Pacific, in turn creating opportunities for growth and jobs and increasing living standards. After the agreement’s entry into force which will be on Sunday December 13th, Australia and NZ will start to implement a program of trade related development assistance to diversify and strengthen Pacific exports and facilitate regional integration. The broader regional economic picture Niue ratified the agreement in July 2020. A key part of the agreement is a commitment to help better position Pacific countries to engage in international trade. PNG and Fiji are yet to sign the Pacer Plus agreement. … The PACER Plus free trade agreement commences on 13 December 2020, revolutionising trade across the Pacific. Claiming preferential rates of customs duty Goods must meet the requirements outlined in Division 1GA of Part VIII of the Customs Act 1901 (Customs Act) to be considered Pacific Islands originating goods. Building a business in Papua New Guinea with little or no capital, more liberal and product-specific rules of origin, more consistent and transparent rules throughout the region on sanitary and phytosanitary measures, technical barriers to trade, and customs procedures, increased investment in the region, in particular by Australian and New Zealand investors into Pacific Island countries, more opportunities for trade-related development assistance for Pacific Island nations, greater certainty around tariffs for exporters. The post The ‘PNG 1000’: new business directory launched for Papua New Guinea appeared first on Business Advantage International. Additionally, Pacific countries will be able to access training on how to digitally transform their trade networks. Sorry, your blog cannot share posts by email. This first phase will commit AUD$25.5 million for funding of core activities over the next five years. Cook Islands was the eighth country to ratify the agreement on 14 October 2020, triggering the 60-day countdown for PACER Plus to enter into force. This included more than 170 analytical reports, feeding in and out of PACER Plus Trade Officials’ Meetings. All Pacific Island Forum members are encouraged to join PACER Plus in the near future. A key objective of the free trade agreement is to support Pacific island countries to become more active partners in, and benefit from, regional and global trade. Joint Committee means the PACER Plus Joint Committee established pursuant to Article 1 of Chapter 12 (Institutional Provisions); Least Developed Country Party means any Party that is on the United Nations List of Least Developed Countries; measure means any measure of a Party, whether in the form of a law, regulation, rule, The negotiations were concluded in Brisbane on 20 April 2017 by 14 members of the Pacific Islands Forum: Australia, Cook Islands, Federated States of Micronesia, Kiribati, Nauru, New Zealand, Niue, Palau, Republic of the Marshall Islands, Samoa, Solomon Islands, Tonga, Vanuatu, and Tuvalu More information about PACER Plus is available here. Papua New Guinea’s business community has a new tool for doing business: a user-friendly new online business directory. This will be the second event of UNCTAD in the South Pacific Region in the framework of Pacific Agreement on Closer Economic relations (PACER) Plus.. Alongside a host of other multilateral and bilateral agreements, PACER Plus will be instrumental in creating the legal infrastructure to facilitate trans-Pacific trade. Eight countries are need to ratify the trade agreement to bring it into force. The article ‘Catching the Pace on Pacific Free Trade: PACER Plus commencing 13 December 2020′ was first published in the Pacific Legal Network blog. ‘Under PACER Plus, barriers against trade, such as tariffs and regulation, will be removed.’. The magazine is called PNG Now, and it's a brand new lifestyle magazine aimed at readers in the Pacific nation of Papua New Guinea (PNG). Eleven Pacific Island countries are signatories to PACER Plus – Australia, New Zealand, Cook Islands, Kiribati, Nauru, Niue, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu. … For other videos on business in PNG, please visit our Youtube Channel, Papua New Guinea's former Prime Minister, Sir Mekere Morauta, passed away last month after a long illness. Your email address will not be published. PACER Plus won't ease those rules but Australia is promising to support Pacific island countries modernise their customs processes and procedures, … Businesses and countries across the Pacific will also have access to a wealth of resources including ICT services such trade portals. PACER Plus entered into force on 13 December 2020. Also, joining via zoom from Canberra was Tanuvasa Semi Siakimotu Biosecurity and Environmental Safeguard Adviser and Adviser PHAMA Plus, which is an aid for trade program supported by Australia and New Zealand. Placer Plus is not good for PNG because PNG can still exploit other markets without PLACE-plus. As publisher of the Air Niugini’s inflight magazine, Paradise, we are proud to announce it has won the award for the best inflight magazine in Oceania in this year’s prestigious World Travel Awards. Additional countries are set to join the agreement in the coming months. Operating those systems doesn’t require any IT skills. Republished with permission. Credit: Visit Solomon Islands. Countries out of the Pact Tuvalu and Vanuatu and yet to … The eleven countries who have signed the PACER Plus Agreement are Australia, Cook Islands, Kiribati, Nauru, New Zealand, Niue, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu, while eight have ratified the agreement. PACER Plus negotiations began in 2009 and concluded in 2017. Tangible benefits have flowed to the Pacific, even before PACER Plus entered into force, with an A$7.7 million technical assistance package from Australia and New Zealand to support ratification. Essential reading for Papua New Guinea-focused executives, Solomon Islands: A view from above. The PACER PLUS agreement has since been signed by ten Pacific Island countries at a special ceremony in NUKU’ALOFA Tonga on Wednesday 14 June 2017. Scholarship students; given options to commence their studies remotely or continue to defer until travel restrictions are lifted. The release of the analysis and accompanying briefs examines the technicalities and promises … Operating as … Cook Islands was the eighth country to ratify PACER Plus, following Kiribati, New Zealand, Niue, Samoa, Solomon Islands, Tonga and Australia. (41) Serving our community since 1998, Packers' Plus Foods has continued to provide high-quality foods and services . Fiji may have the same view because both PNG and Fiji economies are not small compared to other Pacific countries. Pacific shouldering burden in unbalanced PACER-Plus Trade Deal 27-Feb-2020 PANG It’s important to first highlight the inherent asymmetry in the relationship between Australia, New Zealand and the Pacific islands. Australia, New Zealand, and eight Pacific island countries signed the Pacific Agreement on Closer Economic Relations Plus (PACER Plus) last week in Nuku’alofa, Tonga, eight years after negotiations for … While PACER Plus will not include unskilled and semi-skilled labour mobility arrangements, the agreement will work in tandem with other agreements between Pacific nations and Australia and New Zealand allowing for labour mobility arrangements. Nauru, Tuvalu and Vanuatu are predicted to ratify in the coming months, which will expand the effectiveness of the FTA and further facilitate trade. Sign up now to receive our free regular PNG Business Update by email. The PACER Plus parties should create a list of qualified mediators in advance, and make this list available upon request. Solomon Islands is the sixth country to ratify Pacer Plus. Your email address will not be published. The World Travel Awards, […], Who would be crazy enough to launch a new magazine during a global pandemic? Oceania Customs Organisation is confident customs officers are prepared to facilitate trade under PACER Plus in countries that are parties to the agreement, which came into effect on … What PACER Plus covers He told BCN news that he is looking forward to working with Frank Sioneholo and colleagues including the private sector to identify and address some of the issues as they relate to trade and market access. Paul Barker considers … [Read More...], Papua New Guinea's Prime Minister, James Marape, has outlined his government's goals for 2021, including building up … [Read More...], Ihu Special Economic Zone gets funds, Prime Minister Marape urges nation to go into small agriculture businesses and the Internal … [Read More...], With the Marape government surviving a challenge late last year and vaccines for the COVID-19 virus starting to emerge, Business … [Read More...], The Papua New Guinea kina’s exchange rate (mid-rate) against its main trading currencies, as at 18 January, 2021. (Australia, Cook Islands, Kiribati, Nauru, New Zealand, Niue, Samoa, Solomon Islands, Tonga and Tuvalu) Home; United States; Tampa, FL; Packer's Plus Foods; Packers' Plus Foods is your premier foodstuff shop providing economical wholesale foods and event foods in Tampa, FL and the surrounding areas. No road accidents over the festive period but two accidents on Sunday morning, Rules flouted during 2021 takai while treats include tins of corned beef and sardines, Power blackout this morning, Niue Power struggling to restore power to the island, It’s Takai time and the Police are reminding motorists and revelers of the road rules. appeared first on Business Advantage […]. The post A new magazine in the middle of COVID-19?! Eight countries have now ratified PACER Plus – Australia, Cook Islands, Kiribati, New Zealand, Niue, Samoa, Solomon Islands and Tonga. Vanuatu, Nauru, and Tuvalu have signed but are yet to ratify the agreement. PACER Plus is due to enter into force on 13 December 2020, and will mark the largest free trade agreement (FTA) to focus on trade amongst Pacific Island nations. PACER Plus is a regional development-centred trade agreement. Eleven countries signed the agreement. PACER Plus negotiations began in 2009 and concluded in 2017. After opening for signature in 2017, eight countries have now signed and ratified the Pacific Agreement on Closer Economic Relations (PACER) Plus: Australia, Cook Islands, Kiribati, New Zealand, Niue, Samoa, the Solomon Islands and Tonga. Countries (current) Packer's Plus Foods. The Forum Island Countries strongly believed of the need to have an independent body to provide advice and support for the negotiation of the PACER Plus, therefore the Office of the Chief Trade Adviser (OCTA Cook Islands was the eighth country to ratify PACER Plus, following Kiribati, New Zealand, Niue, Samoa, Solomon Islands, Tonga and Australia. Pacific island countries themselves have identified priorities for this assistance. A new magazine in the middle of COVID-19?! The remaining signatories that are yet to ratify are Nauru, Tuvalu and Vanuatu. The event will address members of 9 South Pacific countries - Cook Islands, Kiribati, Nauru, Niue, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu - to increase their regulatory transparency in trade and investment-related … PACER Plus is set to remove a slew of barriers to trade, including tariffs and government red tape. UNCTAD … Catching the Pace on Pacific Free Trade: PACER Plus commencing 13 December 2020′ was first published in the. The PACER PLUS Project for the Implementation of the Pacific Trade & Customs Harmonisation Project was officially launched on 14 th of November, 2019 in Honiara, Solomon Islands by the New Zealand High Commissioner to the Solomon Islands. The Pacific Agreement on Closer Economic Relations (PACER) Plus will enter into force on 13 December 2020. Tanuvasa Semy Siakimotu says that they will be able to provide support on ort we provide will be on Sanitary and Phytosanitary (SPS) and market access issues such as biosecurity and export matters. The Pacer Plus trade agreement between Australia, NZ, and the Pacific countries who’ve ratified the agreement will come into force this coming Sunday, December 13th. (Redirected from PACERPlus) It was opened for signature in Nuku'alofa, Tonga in June 2017 and initially signed by eleven countries: Australia, Cook Islands, Kiribati, Nauru, New Zealand, Niue, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu. PACER Plus is both a trade agreement and a development agreement. Development and Economic Cooperation An arrangement which supports Pacific partners to strengthen their trading capacity and attract investment. Scoop readers - Help to support quality, independent news & journalism that is freely available to the public. References [ edit ] The PICs should consider whether this list should include only qualified experts from the PACER Plus countries. "PACER Plus is a further demonstration of our region's commitment to open, rules-based trade that is crucial to help the region and the world recover from the economic impact of the pandemic," David Parker said. In winning, Paradise beat magazines from many of the region’s major airlines, including Qantas, Virgin Australia, Tiger Air and Fiji Airways. Eleven countries signed the agreement. New Zealand, Australia, Samoa, Kiribati, Tonga, Solomon Islands, Niue and Cook Islands are … Information can be published and updated easily, just as on facebook pages. PLCER Plus will diminish PNG opportunities for diversifying her own trade and investment interests. Under PACER Plus, barriers against trade, such as tariffs and regulation, will be removed, coinciding with the removal of government red tape, increases in transparency, and development assistance across the region relating to trade systems and investment infrastructure. PACER Plus Agreement - Transparency aspects Regional workshop, Honiara, Solomon Islands, 15-18 Oct. 2018 ... A regional Trade Portal that gives access to all national Trade Portals and monitors transparency progress in each country. The ‘PNG 1000’: new business directory launched for Papua New Guinea, Air Niugini’s ‘Paradise’ magazine wins World Travel Award. Pacer Plus countries currently include Australia, Cook Islands, Kiribati, Nauru, New Zealand, Niue, Samoa, Solomon Islands and Tonga. A meeting between the government and representatives of the private sector was held today to discuss the implications and future benefits for Niue with the Pacer Plus. "In our current Covid environment and the fiscal pressures this has placed on New Zealand and the Pacific region, we need to all think strategically about how we can work better together for … PACER Plus is the proposed free trade agreement between the Forum Island Countries and Australia and New Zealand. Eight countries are need to ratify the trade agreement to bring it into force. Join Business Advantage PNG for the latest business news on PNG and its region. Post was not sent - check your email addresses! Guilty. Australia’s Department of Foreign Affairs and Trade (DFAT) FTA Trade Portal is currently accessed by a multitude of countries with standing FTAs with Australia. The agreement comes into force 60 days after at least eight of the 11 signatories have ratified. Pacific countries prepare for introduction of PACER-Plus Thursday, August 27, 2020 - 18:36 Seven countries including Tonga have ratified the PACER -Plus agreement which will come into effect 60 days after the eighth country ratifies it. "PACER Plus ready to go sends a very strong message that the Pacific region and New Zealand are ready to do business," said PCF Chair and acting Chief Executive, Fiso John Fiso. What’s on the agenda for Papua New Guinea business in 2021? Economic and legal analytical research was provided to guide trade policy positions in FICs in relation to the PACER Plus Agreement on closer economic relations between FICs, and Australia and New Zealand. As well as covering trade in goods, services and investment, it includes A$25.5 million to assist Pacific island countries to build their capacity to implement the agreement and take advantage of new trade opportunities. Under PACER Plus, Pacific businesses will have access to list themselves on the trade portal and electronically access other businesses to improve their supply chains. Republished with permission. Schedule 8A of the Customs Tariff Act 1995 (Customs Tariff … But what does it actually mean for the countries that have taken the plunge and ratified the deal in the midst of a global pandemic? Visit our new PNG 1000 Business Directory, to find the business or service you need. Pacer Plus has been promoted as a hybrid development and trade deal, with the primary benefits going to the nine Pacific countries that have signed the deal. Expert mediators from PACER Plus member states would probably require less assistance from the parties to understand the necessary … Required fields are marked *, Copyright © Television Niue | All rights reserved 2020. Content Sourced from scoop.co.nz Original url. PACER Plus countries prepare for trade deal ratification. Earlier this year, Minister Tatui, said that one of the first benefits for Niue would be in securing a commercial fumigator for export purposes. Present during the launch were Heads of Customs and representatives from Nauru, Kiribati, Cook Islands, Tonga, Niue, Samoa, Papua … The prospective benefits of the agreement include: However, the fun doesn’t stop there! After opening for signature in 2017, eight countries have now signed and ratified the Pacific Agreement on Closer Economic Relations (PACER) Plus: Australia, Cook Islands, Kiribati, New Zealand, Niue, Samoa, the Solomon Islands and Tonga. Discover how PACER Plus deepens economic links between Māori and Te Moana-nui-a-Kiwa. PACER Plus primarily comprises technical chapters on Trade in Goods, Services, Investment and Customs, Movement of Natural Persons, Technical Barriers to Trade, Rules of Origin, Customs and Sanitary and Phytosanitary Measures. PACER Plus is an agreement that has been sold as a positive development outcome for Pacific Island Countries (PICs). Labour mobility schemes between Pacific countries will continue to be an important and synergistic aspect of trans-pacific trade. This assistance is now being extended to PACER Plus parties: Kiribati, Cook Islands and Niue, along with existing support for Papua New Guinea, Fiji, Tonga, Samoa, Vanuatu and Solomon Islands. PACER Plus countries prepare for trade deal ratification. "The Development and Economic … PACER Plus – a regional trade agreement between Australia, New Zealand and Pacific island countries – will do little to stimulate economic activity in the Pacific. The authors are Graduate Lawyer in the PLN team, Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to email this to a friend (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Tumblr (Opens in new window), ‘One city, one people, one future’: Port Moresby’s vision for 2030, In brief: K92 organises visit to Kainantu and other business stories, Report says COVID-19 has 'hit-hard' Papua New Guinea's economy, labour market & education giving rise to a 'new poo…, Advertise on PNG’s top-ranked business media, Business travel guide to Papua New Guinea, Doing Business in Papua New Guinea 2020/21 (digital edition), Papua New Guinea public holidays for 2021, Pacific Agreement on Closer Economic Relations (PACER) Plus, Sir Mekere Morauta: the man and his legacy in Papua New Guinea [opinion], Papua New Guinea’s PM signals ‘honest and transparent’ economic repair, In brief: K100 million for Ihu Special Economic Zone and other business stories. Pacific island countries stand to benefit through cheaper imports, … 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). The authors are Graduate Lawyer in the PLN team, Ella Walters, and Solicitor Damian Kelly. However, Pacific negotiators have had some success lobbying Australia and New Zealand on labour mobility, and have shaped a relative consensus that unique policy solutions are needed if Pacific island countries … Papua New Guinea and Fiji (which are not LDCs) chose not to sign up. Relevantly, free trade agreements give countries access to global supply chains and markets that they would normally not have access to, or were inhibited from due to red tape. The Pacific Island Countries (PICs) are taking on disproportionate binding commitments in exchange for false promises of benefits from the regional free trade deal known as PACER-Plus, according to new analysis released yesterday from the Pacific Network on Globalisation (PANG)..
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