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PACERPlusIntroduction
PACER Plus: Introduction Overview Kaliopate Tavola 4 September 2009 Scope Introduction Overview Challenges Issues Role of the Private Sector Provisions of the PACER Agreement Art 3(2): PP to be ‘stepping stone’ to allow FICs to gradually become part of a single regional market and integrate into the international economy More advanced regionalism envisaged Art 5(1): provides for the trigger point at which PP is to start 8 years after PICTA has come into force Triggered off by FTA negotiations as per Art 6 Art 6(3): provides for consultations with a view to the commencement of negotiations of a FTA What is PACER Plus? Art 5(1): ……with a view to establishing reciprocal free trade arrangements Art 6(1): specifies FTA, customs union or an interim agreement leading to a FTA as per Art XXIV, GATT PP can be bilateral, sub-regional or regional – Art 6(3)(b) The + has expanded the scope, form and nature of the agreement to be negotiated Definitions of + abound The PACER Plus Process to date Notifications under Art 6(2) took place when PACPS entered into negotiations on EPA Consultations under Art 6(3)(a) have taken place when PACPS commenced formal negotiations with EU on EPA There have been 4 informal consultations already at officials level and reports submitted to the FTMM There has been 1 informal ministerial consultation FTMM report went to PIF in Cairns PIF has decided ‘to commence PP negotiations forthwith’. The PACER Plus Process to date CTA position has been advertised and applications closed Next FTMM will be in November 2009 in FSM Agenda: Framework of PP negotiations; timelines; identification of issues; issues for CTA to negotiate Leaders noted the need for FICs to undertake national consultations and capacity building Fiji will not participate but will be kept informed at the officials level. The Expectations of PACER Plus More than just a FTA PP is to be a development tool – to go beyond DDA and EPA Apart from national benefits, there is commitment to direc
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