New Zealand has committed to a funding target of 20 percent of total Official Development Assistance (ODA) to be directed to aid for trade activities in the Pacific. This five-year commitment from the date of PACER Plus’s entry into force supports a wide range of initiatives in the region, including the following:
- Business Link Pacific(external link) supports entrepreneurship through the provision of business advisory and financial services in Cook Islands, Fiji, Papua New Guinea, Samoa, Solomon Islands, Tonga, and Vanuatu.
- Pacific Horticultural and Agricultural Market Access Plus (PHAMA Plus)(external link) provides practical and targeted assistance to help Pacific Island countries manage regulatory aspects associated with exporting products. PHAMA Plus currently operates in Fiji, Papua New Guinea, Samoa, the Solomon Islands, and Vanuatu.
- InvestPacific will encourage mid-sized investments in Pacific Island countries that will generate inclusive employment and sustainable development. The InvestPacific fund is looking to launch in early 2024.
- Pacific Private Sector Development Initiative (PSDI)(external link) is a technical assistance facility, assisted by MFAT and managed by the Asian Development Bank. It strengthens the business-enabling environment to promote greater private sector participation.
- Pacific Trade and Invest (PTI NZ)(external link) is the trade and investment arm of the Pacific Islands Forum Secretariat funded by MFAT on an ongoing basis since 2009. PTI NZ facilitates trade and investment promotion, engagement and advocacy, and marketing and communications services across Pacific Island Forum countries.