The regional free trade agreement, PACER Plus, will come into force on December 13. PACER Plus entered into force on 13 December 2020. PACER Plus will only enter into force after eight of the signatory countries step in to ratify. The remaining signatories yet to ratify are Nauru, Tuvalu and … PACER Plus will enter into force on 13 December. Eleven countries signed the agreement. Cook Islands was the eighth nation to ratify PACER Plus , enabling the agreement to enter into force. “It also remains open to accession by Nauru, Tuvalu and Vanuatu which have signed but not ratified, and likewise to other Pacific Island countries such as Fiji and Papua New Guinea which are yet to sign the agreement. Trade and prosperity in the Pacific will thrive following formal notification that Cook Islands is the eighth state to ratify the Pacific Agreement on Closer Economic Relations Plus (PACER Plus), triggering its formal entry into force in 60 days. Trade and Export Growth Minister David Parker welcomed the announcement that the Cook Islands is the eighth nation to ratify this landmark agreement. Australia, the Cook Islands, Kiribati, Niue, Samoa, Solomon Islands, Tonga and New Zealand have now ratified. Eleven countries signed the agreement. Cook Islands was the eighth country to ratify the agreement on 14 October 2020, triggering the 60-day countdown for PACER Plus to enter into force. As Cook Islands Prime Minister Mark Brown said, “We are certain that PACER Plus will open new trade and investment opportunities for the Cook Islands that have not existed before. This comes as New Zealand last week became the first country to ratify the deal that has also been signed by nine Pacific countries and Australia. The remaining signatories that are yet to ratify are Nauru, Tuvalu and Vanuatu. As with every Agreement, however, it will be up to us to take advantage of those opportunities in the months ahead. Te Kauono Tutara e te Mana Tiaki – Ministry of Foreign Affairs and Immigration. Relevance to Pacer Plus Pacer Plus negotiations began in 2009 and concluded in 2017, with 11 countries signing the Agreement. We have participated actively over the years in the PACER Plus negotiations and fought hard to ensure that the Agreement will work for us. PACER Plus negotiations began in 2009 and ended in 2017 with the Cook Islands and other Forum Members signing the Agreement at a special ceremony in Nuku’alofa, Tonga, on 14 June 2017. Countries out of … In doing so, it has played a coordination role within Government in efforts to prepare for ratification, working closely with the Business Trade and Investment Board, the Crown Law Office, Ministry of Agriculture, Ministry of Finance and Economic Management and others on various aspects of the Agreement. About OCO: OCO is a grouping of 23 customs administrations in the Pacific region. In PACER Plus there are broad clauses that require the Pacific to pass on any better treatment they give to a third-party to Australia and New Zealand as well. As Cook Islands Prime Minister Mark Brown said, “We are certain that PACER Plus will open new trade and investment opportunities for the Cook Islands that have not existed before. As Cook Islands Prime Minister Mark Brown said, “We are certain that PACER Plus will open new trade and investment opportunities for the Cook Islands that have not existed before. 9:35 am on 21 February 2020. Trade and prosperity in the Pacific will thrive following formal notification that Cook Islands is the eighth state to ratify the Pacific Agreement on Closer Economic Relations Plus (PACER Plus), triggering its formal entry into force in 60 days. 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