Latest news with #PacificAgreementonCloserEconomicRelations
Scoop
02-05-2025
- Business
- Scoop
PACER Plus Joint Committee To Convene In Honiara For Critical Talks On Regional Economic Cooperation
Press Release – PACER Plus PACER Plus is more than a trade agreement its a commitment to sustainable development and shared prosperity across the Pacific, said Mr. Lagolago, Head of the PPIU. HONIARA, Solomon Islands – Senior officials from across the Pacific will gather in Honiara next week for the eighth meeting of the Pacific Agreement on Closer Economic Relations (PACER) Plus Joint Committee, set to take place on 5-6 May 2025. The meeting will be chaired by Mr. Collin Beck, Permanent Secretary of the Solomon Islands Ministry of Foreign Affairs and External Trade, and will bring together representatives from Australia, Cook Islands, Kiribati, New Zealand, Niue, Samoa, Solomon Islands, Tonga, Tuvalu, and Vanuatu. The two-day meeting will focus on reviewing progress under the PACER Plus agreement, including updates on the implementation of the 2024-2025 annual work plan. The Samoa-based PACER Plus Implementation Unit (PPIU), led by Mr. Roy Lagolago, will provide a detailed report on ongoing activities supporting the treaty's objectives, particularly under the Development and Economic Cooperation (DEC) Work Programme and the Arrangement on Labour Mobility. Australia and New Zealand have been key partners in supporting PACER Plus, jointly committing AU$25 million in October 2021 to fund the DEC Work Programme, which is managed by the PPIU. This funding, set to conclude in December 2025, has been instrumental in strengthening regional trade integration and addressing the unique development challenges faced by Pacific Island nations. Discussions at the meeting will include the potential extension of the DEC Work Programme to ensure continued progress. 'PACER Plus is more than a trade agreement – it's a commitment to sustainable development and shared prosperity across the Pacific,' said Mr. Lagolago, Head of the PPIU. 'This meeting is an opportunity to assess our achievements, address challenges, and plan for the future, ensuring that the benefits of regional economic integration reach all our communities.' PACER Plus was designed with a strong emphasis on supporting the Pacific Parties' participation in international trade while addressing their distinct vulnerabilities and capacity constraints. The agreement recognises the critical role of regional cooperation in fostering long-term socio-economic development. The outcomes of the Joint Committee meeting will help shape the next phase of PACER Plus implementation, reinforcing its role as a cornerstone of Pacific economic resilience and integration.
Scoop
02-05-2025
- Business
- Scoop
PACER Plus Joint Committee To Convene In Honiara For Critical Talks On Regional Economic Cooperation
HONIARA, Solomon Islands – Senior officials from across the Pacific will gather in Honiara next week for the eighth meeting of the Pacific Agreement on Closer Economic Relations (PACER) Plus Joint Committee, set to take place on 5-6 May 2025. The meeting will be chaired by Mr. Collin Beck, Permanent Secretary of the Solomon Islands Ministry of Foreign Affairs and External Trade, and will bring together representatives from Australia, Cook Islands, Kiribati, New Zealand, Niue, Samoa, Solomon Islands, Tonga, Tuvalu, and Vanuatu. The two-day meeting will focus on reviewing progress under the PACER Plus agreement, including updates on the implementation of the 2024-2025 annual work plan. The Samoa-based PACER Plus Implementation Unit (PPIU), led by Mr. Roy Lagolago, will provide a detailed report on ongoing activities supporting the treaty's objectives, particularly under the Development and Economic Cooperation (DEC) Work Programme and the Arrangement on Labour Mobility. Australia and New Zealand have been key partners in supporting PACER Plus, jointly committing AU$25 million in October 2021 to fund the DEC Work Programme, which is managed by the PPIU. This funding, set to conclude in December 2025, has been instrumental in strengthening regional trade integration and addressing the unique development challenges faced by Pacific Island nations. Discussions at the meeting will include the potential extension of the DEC Work Programme to ensure continued progress. 'PACER Plus is more than a trade agreement – it's a commitment to sustainable development and shared prosperity across the Pacific,' said Mr. Lagolago, Head of the PPIU. 'This meeting is an opportunity to assess our achievements, address challenges, and plan for the future, ensuring that the benefits of regional economic integration reach all our communities.' PACER Plus was designed with a strong emphasis on supporting the Pacific Parties' participation in international trade while addressing their distinct vulnerabilities and capacity constraints. The agreement recognises the critical role of regional cooperation in fostering long-term socio-economic development. The outcomes of the Joint Committee meeting will help shape the next phase of PACER Plus implementation, reinforcing its role as a cornerstone of Pacific economic resilience and integration.
