PACER Plus an opportunity for regenerative development, trade, and investment in Vanuatu
PORT VILA, Vanuatu – Vanuatu has taken a major step to boost its economy and improve the livelihood of its people by ratifying the Pacific Agreement on Closer Economic Relations (PACER) Plus. PACER Plus, a unique development-centered trade and investment agreement between eight Pacific Island Countries and Australia and New Zealand, aims to reduce barriers to trade and investment, and promote economic development and prosperity in the region. Vanuatu’s ratification of PACER Plus marks a major milestone in the country’s commitment to trade and economic development. The agreement is expected to bring significant economic benefits to Vanuatu’s people and businesses but will require a change of mindset and a desire to change the way trade is implemented. It will reduce tariffs on goods traded with Australia and New Zealand, allowing for improved access to these markets. It will also provide the opportunity for Vanuatu to benefit from the services and investment markets of Australia and New Zealand, allowing for increased trade and foreign direct investment. In addition, the agreement will help Vanuatu to diversify its economy, providing a boost to its tourism and agricultural sectors. It will also provide improved access to technology and knowledge, allowing for more efficient and productive businesses. During the official launch of PACER Plus awareness workshop today, the Minister for Foreign Affairs, International Cooperation and External Trade, Hon. Jotham Napat said the benefits of ratifying PACER Plus are numerous. “It will provide better job opportunities for the people of Vanuatu. It will open new avenues of employment for our people, helping to reduce poverty and improve the overall wellbeing of our community,” said Mr. Napat. Head of PACER Plus Implementation Unit and Labour Mobility Secretariat, Roy Lagolago, welcomed Vanuatu to the PACER Plus family, the tenth country to ratify the agreement. “PACER Plus is unique compared to other trade agreements. Unique in that a dedicated secretariat – the PACER Plus Implementation Unit – has been set up to assist and support member parties to ensure the opportunities and benefits offered by PACER Plus are shared equally between all people by targeting and supporting more women, youth, and persons with disabilities to engage in trade. Ratifying PACER Plus is the easy part; the challenge for Vanuatu now is to unite and be clear on what they want to achieve to make the most of the opportunities that this agreement has to offer. We cannot continue to implement trade agreements in the same way and expect different results. That is why under PACER Plus, a different approach is required and we at the PACER Plus Implementation Unit stand ready to support Vanuatu towards that goal,” said Mr. Lagolago. Mr. Lagolago also announced that Vanuatu will be hosting the Pacific Labour Mobility Annual Meeting (PLMAM) this year, the first time for Vanuatu to do so. The event will bring together policymakers, researchers, and industry leaders from across the Pacific to discuss the ongoing challenges and opportunities in labour mobility. “The PLMAM is a vital platform for regional dialogue and cooperation on labour mobility, and we are delighted that Vanuatu will be hosting the event this year,” he said. The annual meeting aims to promote dialogue, collaboration, and innovation to improve the management of labour migration in the Pacific. More articles like this one
PACER Plus releases four-year Strategic Plan
The PACER Plus Implementation Unit (PPIU) today released its inaugural Strategic Plan 2022-2025 which provides the public with the PPIU’s overarching mission and activities. The Strategic Plan was endorsed by the PACER Plus Joint Committee which consists of representatives of the PACER Plus parties. The Strategic Plan was developed on the substantial work undertaken by PACER Plus parties in accordance with PPIU’s foundation documents. Kiribati, which chaired the Joint Committee meeting held virtually on Wednesday 22 June, encouraged the parties to take a collective response in identifying opportunities that will bring significant and sustainable benefits as the region grapples with the ongoing impact of climate change, non-communicable diseases, and COVID-19. “PACER Plus provides us with a unique opportunity and forum to respond collectively. It is also an opportunity to do things differently and to leverage our collective knowledge and expertise to achieve our shared vision of improving the livelihood and welfare of our people,” said Hon Bootii Nauan, Kiribati’s Minister of Commerce, Industry and Cooperative. Roy Lagolago, Head of the PPIU, supported Mr Nauan’s sentiments adding that PPIU will implement the Development and Economic Cooperation Work Programme to achieve the Agreement’s vision. “By delivering the implementation activities as mutually prioritised and determined by the parties, the PPIU will remain directed and clear in our mission and intent to ensure that everyone will benefit from the PACER Plus Agreement,” said Mr Lagolago. Solomon Islands Trade Commissioner Barrett Salato said: “To achieve meaningful benefits from PACER Plus Agreement would require full and effective implementation of the Development and Economic Work Programme. The Strategic Plan 2022-2025 sets the pathway for the full realization of those benefits.” PACER Plus is a regional development-centered trade and investment agreement aligned with the Sustainable Development Goals. The Agreement is designed to support Pacific Island countries to stimulate economic growth by becoming more active partners in, and benefit from, regional and global trade. Nine countries are currently parties to the Agreement: Australia, Cook Islands, Kiribati, New Zealand, Niue, Samoa, Solomon Islands, Tonga, and Tuvalu. This was Tuvalu’s first Joint Committee meeting since ratifying the PACER Plus Agreement in January 2022. “Through PACER Plus, Tuvalu foresees accessing new labour markets in other countries, expanding of our labour seasonal worker scheme, local product mapping, value adding and potential exporting, including necessary storage facilities, equipment and labs for processing and testing of local product prior exportation,” said Loloma Homasi, Assistant Secretary to Tuvalu’s Ministry of Fisheries and Trade. Vanuatu’s parliament recently voted in favour for the ratification of the Bill for the PACER Plus Agreement which will make Vanuatu the 10th country to endorse PACER Plus. Vanuatu’s Department of External Trade director, Joe Pakoa Lui, was present at the PACER Plus Joint Committee meeting. “We’re excited to join the PACER Plus family and to collaborate with the PPIU and the parties to implement activities in Vanuatu that would benefit our people and our communities,” said Mr Lui. “PACER Plus marks an exciting new era for Pacific cooperation in trade and investment which Vanuatu is looking forward to participate in.” To view the PPIU Strategic Plan 2022-2025, please visit pacerplus.org/resources or click on the link below. PACER-Plus-Implementation-Unit-Strategic-Plan-2022-2025 -ENDS- Caption: The PACER Plus Joint Committee Meeting, which consists of representatives of the PACER Plus parties, was held virtually on Wednesday, 22 June 2022. More articles like this one
PPIU partners with SPTO to strengthen capacity building
The Pacific Tourism Organization (SPTO) and Pacific Agreement on Closer Economic Relations (PACER) Plus Implementation Unit or the PPIU have signed a Memorandum of Understanding (MoU) to foster a collaborative partnership that will benefit both organizations and their stakeholders. With its extensive knowledge and experience centred in trade and investment aligning itself to the Sustainable Development Goals, PPIU supports Pacific Island countries to implement activities under the PACER Plus Agreement, stimulating economic growth and sustainable development in the Pacific. Both regional organisations SPTO and PACER Plus will benefit from knowledge sharing and best partnership experiences under the MoU. A key objective of this partnership is that PACER Plus Implementation Unit and SPTO will collaborate to advocate and respond to issues and opportunities that support the development and sustainable growth of the tourism industry in the Pacific. The PACER Plus Implementation Unit will manage and deliver the Development and Economic Cooperation Work Programme that will support Pacific PACER Plus members to strengthen their capacity to benefit from regional trade, economic growth, and sustainable development. Head of the PACER Plus Implementation Unit Mr. Roy Lagolago commended the MoU with SPTO, adding this was an important step in a partnership agreement between two major regional organisations in a time when collaboration and sharing of knowledge was more important than ever. Similarly, SPTO Chief Executive, Mr. Christopher Cocker, emphasized the importance of building partnerships to effectively address common challenges. “We are very excited to work with the PACER Plus Implementation Unit to develop a partnership framework, bringing together our resources and experiences for the benefit of our respective member countries. “To partner and collaborate with an established regional body like the PPIU is crucial particularly when working towards recovery in the tourism industry post the global pandemic. A collaboration with like-minded partners is critical for SPTO and our member countries to drive tourism’s recovery and ensure resilience in the long run”, said Mr. Cocker. -END- Caption: The partnership will respond to issues that support the growth of the tourism industry in the Pacific. (Photo: Samoa Tourism). More articles like this one