CUSTOM PROCEDURES

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  Preferential Trade Agreements are designed to facilitate trade between the Parties and also with third parties by reducing red tape and simplifying trade rules and regulations so as to improve efficiency and reduce transaction costs. According to the International Chamber of … Read More

DEVELOPMENT ASSISTANCE

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Development assistance, otherwise known as development or foreign aid, encompasses technical and financial assistance usually provided by donor countries and intergovernmental institutions such as the World Bank, International Monetary Fund and the regional development banks to developing countries either on concessionary terms or … Read More

INVESTMENT

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There is a symbiotic relationship between trade and investment. Countries which have been able to attract foreign direct investment (FDI) have managed to enhance their participationin international trade. There is the recognition among PACER Plus Parties that increased investment flows can facilitate … Read More

LABOUR MOBILITY

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Labour mobility can take various forms, including the mobility of a worker across a range of occupations (occupational mobility) and a worker’s mobility across distinctive labour markets (geographical labour mobility). Most FICs are characterised by young and rapidly growing populations, but the … Read More

RULES OF ORIGIN

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Rules of Origin have long featured prominently in preferential trade agreements as they help countries to determine which goods qualify for preferential tariff treatment under an agreement. In effect, they help to determine the economic nationality of a product and the tariff … Read More

SANITARY AND PHYTOSANITARY MEASURES (SPS)

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The tremendous growth in world trade, including food and other agricultural products have made most countries to tighten their sanitary and phytosanitary laws in the midst of food scares and the spread of pests and diseases which could result in significant losses … Read More

TECHNICAL BARRIERS TO TRADE

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There is a proliferation of technical regulations and standards worldwide to address a range of concerns, including product safety and the protection of the environment. Like the SPS Chapter, the TBT Chapter seeks to guarantee the right of PACER Plus Parties to … Read More

TRADE IN GOODS

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Trade in Goods is a core issue in the PACER Plus negotiations. The Parties intend to adopt measures that would enhance the security and predictability of their trading regimes with a view to promoting competition and affording consumers in the PACER Plus … Read More

TRADE IN SERVICES

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Given the small sizes of the population of most FICs, the lack of economies of scale and their geographical isolation which increases the cost of doing business, it is generally accepted that the FICs cannot become centres of manufacturing excellence. By contrast, … Read More