What is PACER Plus?
The Pacific Agreement on Closer Economic Relations Plus or 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.
Why is PACER Plus unique from other trade agreements?
PACER Plus is unique in that it is both a trade and development agreement. PACER Plus covers trade in goods, services and investment, it includes AU$25.5 million to assist Pacific Island countries to build their capacity to implement the agreement.
Pacific Island countries stand to benefit through cheaper imports, including cheaper manufacturing inputs, and modernised, more flexible and less restrictive rules of origin that will facilitate Pacific exports, opening new trade and investment opportunities for the region.
What is the function of the PACER Plus Implementation Unit?
Established in Samoa in 2021 and led by Roy Lagolago, the Implementation Unit’s role is to support PACER Plus parties to implement activities under the Agreement.