Pacific Agreement: elimination of barriers

On June 14, 2017 the Ministry of Foreign Affairs and Trade of Australia announced the signing of the Pacific Agreement on Closer Economic Relations - PACER Plus - by the following States: Australia, Cook Islands, Micronesia, Kiribati, Nauru, New Zealand, Niue, Palau, Marshall Islands, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu.

Negotiations on PACER Plus began in 2009. The agreement was signed in Tonga on June 14, 2017.

The agreement will allow eliminate barriers for trade between countries-participants including tariffs. For examples, tariffs for 84 percent of New Zealand's exports to member countries will be cancelled.

Источник: http://dfat.gov.au/trade/agreements/pacer/pages/pacific-agreement-on-closer-economic-relations-pacer-plus.aspx