New Five-Year PACER Plus Support Agreed by Pacific Ministers
HONIARA, Solomon Islands – Pacific trade ministers met in Honiara, Solomon Islands yesterday and agreed on a renewed push to strengthen trade, investment, and labour mobility across the region under the Pacific Agreement on Closer Economic Relations Plus or PACER Plus.
Ministers and ministerial representatives from Australia, Cook Islands, Kiribati, New Zealand, Niue, Samoa, Solomon Islands, Tonga, Tuvalu, and Vanuatu came together for the 2025 PACER Plus Ministerial Meeting, chaired by Hon. Peter Shanel Agovaka, Solomon Islands Minister of Foreign Affairs and External Trade.
Opening the meeting, Prime Minister Hon. Jeremiah Manele highlighted the progress made since PACER Plus entered into force in 2020.
“PACER Plus is grounded in a rules-based system. The Agreement embodies these multilateral principles that respects sovereignty while promoting shared benefits of trade and economic integration. It also addresses the unique and diverse economic vulnerabilities of Pacific small island developing states and offers a structured path for our people to integrate and adapt to the global trading system. It remains an important framework to grow regional peace, progress and prosperity in the region,” said Prime Minister Manele.
Ministers reviewed the first five years of the Development and Economic Cooperation (DEC) Work Programme and acknowledged how the work programme had supported policy reforms and institutional capacity building, while also responding to specific national needs, especially for small island economies facing ongoing economic and climate pressures.
Looking ahead, the ministers endorsed the strategic priorities for the next phase of the DEC Work Programme (2025-2030). The new priorities will focus on legislation and policy reform, public sector capacity building, private sector development, and automation and data systems. The next phase aims to create a more predictable trading environment, help businesses become more competitive, and ensure Pacific countries have the tools they need to meet their PACER Plus commitments.
The ministers also acknowledged the central role played by the PACER Plus Implementation Unit (PPIU) in driving the significant progress achieved under the DEC Work Programme 2020-2025. They understood the importance of the PPIU as a standalone, member-driven regional entity, one that supports Parties to build economic resilience, deepen cooperation, and advance sustainable development across the Pacific.
Ministers also reaffirmed the Pacific Labour Mobility Annual Meeting as the region’s main forum for advancing labour mobility issues.
A key highlight from yesterday’s meeting was the joint announcement by Australia and New Zealand of renewed funding for the next five-year cycle of the DEC Work Programme – AUD 23.2 million from Australia and NZD 10 million from New Zealand. Ministers welcomed this commitment and proceeded to sign the Phase II Implementing Arrangement for Development and Economic Cooperation (2025-2030).
The meeting also agreed to increase their engagement with other Forum Island Countries that have expressed interest in joining PACER Plus. Ministers endorsed the development of a structured advocacy strategy under the next phase of the DEC Work Programme to support future accessions, with a commitment from Australia and New Zealand to provide additional assistance as membership expands.
Finally, ministers expressed their deep appreciation to the government and people of Solomon Islands for hosting the meeting and for their warm hospitality. Tonga will chair the next PACER Plus Joint Committee and Ministerial Meetings in 2026.
ENDS//
– PACER Plus