Thursday, 20 April 2017, 4:12 pm
Press Release: New Zealand Government
Hon Todd McClay
Minister of Trade
20 April 2017
Historic PACER Plus agreement finally concluded
Trade Minister Todd McClay says the successful conclusion of PACER Plus negotiations is a landmark day for trade and the sustainable economic development of the Pacific.
"PACER Plus is a unique trade and development agreement. It includes a development package of more than $55 million that will help raise standards of living, create employment opportunities and increase export capacity in Pacific Island countries,” Mr McClay says.
The agreement which was reached in Brisbane today by Pacific Island, New Zealand and Australian Trade Ministers includes tariff phase out periods which recognise the vulnerable nature of many Pacific economies and the strong relationship they share with Australia and New Zealand.