Pacific Islands / Pacific Forum
An analyst says New Zealand’s planned trade deal with the Pacific Island nations could be extremely damaging to their economies.
New Zealand risks being seen as a “strategic nincompoop, at best” if it persists with attempts to bind Pacific Island countries into the New Zealand and Australian economies using mechanisms such as the PACER Plus.
Papua New Guinea will sign the Melanesian Spearhead Group free trade agreement as soon as the leaders resolve some of the outstanding domestic trade-related issues.
Pacific countries already signed up to the PACER Plus are being urged to more closely examine their commitments under the deal, including the implications for customary land.
Heads of Pacific governments are moving forward with groundwork on negotiations for a renewed trading partnership with the European Union, as part of the larger African, Caribbean and Pacific (ACP) Group of States.
PACER-Plus will have a serious impact on the ability for Solomon Islanders to determine for themselves their own development future.
The PACER-Plus model of development is based on an increasingly questionable form of economics which naively imagines that national economies will adapt automatically to enhanced price signals from liberalised international markets from which ’distortions’ are removed.
There’s been a call for more time to be given to Pacific civil society organisations and the private sector to assess the proposed regional free trade deal known as PACER Plus.
As released by the Ministry of Foreign Affairs and Trade of New Zealand
Dozens of civil society groups in the Pacific have reiterated their criticism of the PACER Plus trade deal, and said it is likely to fail the people of the Pacific.
The PACER Plus Trade Agreement will be signed by 14 Pacific Island countries including Australia and New Zealand on June 14 in Nuku’alofa, Tonga.
One of Prime Minister Narendra Modi’s most insightful, if low key, foreign policy initiatives was to work to deepen relations with more than a dozen island nations of Oceania.
But 14-nation deal may be largely symbolic without Fiji and Papua New Guinea.
A new guide allows Pacific Islanders to better understand the impacts of the recently concluded and controversial regional Free Trade Agreement, known as PACER-Plus.
There were promises that the agreement would be for the benefit of the Pacific. But it has been shaped more by the advantages to Australia and New Zealand exporters than the aspirations of the Pacific’s people.
PNG and Fiji’s rejection shows that the agreement is heavily skewed towards the interests of Australia and New Zealand - despite early rhetoric that the agreement was about development needs.
Indonesia has proposed the setting up of a new trade bloc that could counterbalance the dominance of the United States and China.
The negotiations are said to offer an opportunity to help Pacific Islands Forum countries benefit from enhanced regional trade and economic integration.
Trade ministers from Pacific Island Forum countries including Australia and New Zealand gathered to try to sign off on the negotiations which have been going on for more than 8 years.
A meeting on Pacific labour mobility under the PACER Plus trade deal has a glaring omission – the voices of organised labour.