Pacific Agreement on Closer Economic Relations Plus
The Pacific Agreement on Closer Economic Relations Plus (PACER Plus) is a development-centred free trade agreement.
PACER Plus entered into force on 13 December 2020. New Zealand, Australia, Samoa, Kiribati, Tonga, Solomon Islands, Niue and Cook Islands are Parties to the Agreement. Nauru, Tuvalu and Vanuatu have signed the agreement but have not ratified.
PACER Plus is an important part of Australia's engagement in the Pacific and provides an avenue to help foster a secure, stable and prosperous region. PACER Plus will provide commercial opportunities for Australian exporters and investors in a range of sectors. These opportunities will increase over time as the provisions of the Agreement lead to more open and transparent policies, and as wider relationships are built regionally and beyond.