In an attempt to persuade foreign-owned fishing vessels to process their catches from Papua New Guinea waters at local facilities, Prime Minister Peter O’Neill announced the cancellation of a fishing fee subsidy in December 2017 and replaced it with a rebate for processing seafood onshore. While the move is designed to improve PNG’s fisheries...
Papua New Guinea’s fertile soils are instrumental in the lives of the country’s residents, both as a source of income and nutrition. The agriculture sector has constituted between 25% and 40% of GDP over the last four decades, while supporting the livelihoods of around 85% of the population. Despite the sector’s importance, however, the...
Although Papua New Guinea’s macroeconomic slowdown, challenging business climate and falling global commodity prices have weighed on trade and investment in recent years, the country continues to offer high-potential opportunities to investors.
After being returned to office following general elections in Papua New Guinea earlier this year, the government of Prime Minister Peter O’Neill has stepped up its drive to improve food sustainability and reduce foreign exchange outflows.
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