The PACER Plus Agreement aims to make it easier for people and businesses from PACER Plus countries to provide services to customers in each other’s countries. Trade in Services refers to activities which are part of a country’s economy but are not concerned with producing or manufacturing goods.
Across many Pacific Islands, services form the most significant component of economic activity. Services are also a potential source of export diversity, an important element for small island states where manufacturing capacity is limited.
Each PACER Plus country has identified comprehensive Schedules of Commitments in various sectors. PACER Plus Obligations within these sectors for Trade in Services aim to influence governments in the following areas: Â Â Â
By promoting trade in services, consumers in each country are offered increased depth in markets, with a potential for more choice and a better standard of services.
The outcome of all these provisions will provide a dynamic area that looks to benefit from laid out provisions. Countries will enjoy a higher quality of services, leading to new market access and generating competitiveness on the global scale.
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