PACER Plus: Why it Matters Now People are at the heart of Australia’s partnerships in the Pacific. Greater economic integration will bring people closer together, underpin recovery, and build a region that is more stable, prosperous and secure – for all of us.
Source: Twitter Wednesday, 16 December 2020 10:22 AM
The Pacific Agreement on Closer Economic Relations Plus – or PACER Plus – entered into force on 13 December, marking the start of a new journey in which parties will determine and co-deliver their own priorities for increasing trade across the Pacific.
In a milestone for Pacific regional development, PACER Plus provides a new platform to support economic recovery. The fact that four of the eight Pacific partners that have ratified PACER Plus so far did so during the COVID-19 pandemic underscores the value they place on the agreement in these most challenging times.