Pacific Agreement on Closer Economic Relations
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The Pacific Agreement on Closer Economic Relations (PACER) orginally proposed to negotiate a trade agreement in goods between Australia, New Zealand and 14 Pacific Island Countries. PACER is now being expanded to include services and investment, dubbed 'PACER-Plus', and will pose even bigger problems for the Pacific Island Countries.
A PACER agreement will reduce the revenues that Pacific governments get from tariffs, reduced spending on essential services and infrastructure. Read more...
