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Economy/Investment

Trade rules favour powerful countries but Papua New Guinea should push for influence, says WTO Director-General

19 Jun 2018 by Leave a Comment
The Director-General of the World Trade Organisation (WTO), Roberto Azavedo, has described world trade rules as being tilted towards the interests of more powerful countries. Speaking in Port Moresby recently, he said it is up to the private sector to lobby governments to act on its behalf.
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Expanding SME sector critical to Papua New Guinea’s future, says MD of SME Corporation

6 Jun 2018 by 13 Comments
Papua New Guinea will have to dramatically expand its small and medium enterprise (SME) sector if it is to achieve middle income status by 2030, according to Steven Maken, Managing Director of the Small and Medium Enterprises Corporation of Papua New Guinea. That will involve dealing with some key constraints.
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PM insists Papua New Guinea economy strong despite critics

1 May 2018 by Leave a Comment
The Prime Minister Peter O'Neill has criticised external commentators for 'bias' when assessing the PNG economy. Speaking at the 34th Australia Papua New Guinea Business Forum in Brisbane, he expressed optimism about the proposed Papua LNG project but said the economy has to be diversified to avoid boom and bust cycles.
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United Kingdom confirms post-Brexit trading arrangements with Papua New Guinea

1 May 2018 by Leave a Comment
In a move that will reassure Papua New Guinea exporters to the United Kingdom, the UK government has confirmed it will maintain the European Union's current trading arrangements with PNG after 'Brexit'. Meanwhile, Prime Minister O'Neill has flagged 'huge incentives' for investments in agriculture and tourism, Business Advantage PNG reports from London.
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