ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Politics

14-nation Pacific pact breaks through trade gloom

But critic doubts significance of deal without Fiji and Papua New Guinea

Representatives of 14 Pacific nations reached agreement on the PACER Plus regional trade pact in Brisbane, Australia on Thursday (Courtesy Office of New Zealand Minister of Trade Negotiations)

AUCKLAND -- Fourteen Pacific nations, some of the world's smallest and poorest, agreed Thursday to a trade and economic agreement with rich neighbors Australia and New Zealand after 8 years of tortuous negotiations.

In the wake of the collapse of the much bigger Trans-Pacific Partnership Agreement, the Pacific Agreement on Closer Economic Relations (PACER Plus) was touted as a unique, unprecedented trade and development deal for the sustainable economic development of the region.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more