The investment environment in Papua New Guinea is liberal and open. Official policy has been to welcome and selectively encourage foreign investment and to allow for the use of expatriate workers. The Investment Promotion Authority (IPA), which was established by act of Parliament, functions as a onestop shop and provides a wide range of...
Given the country’s long history of trade, industry and manufacturing, some of the big names in Papua New Guinea today, such as Paradise Foods, Pacific Industries, WR Carpenter and SP Breweries, have been around for decades. BNG Trading was founded so long ago, in 1924, that it predates the creation of the Territory of New Guinea – its name is...
There is a significant opportunity available in Papua New Guinea to begin growing and using local tobacco. Based on our experience in Fiji, where up to 400 smallholder farmers are engaged in tobacco production, we know that local produce can substitute for imports of raw materials and have a considerable impact on the local economy, as well as...
Given the remoteness of many communities and resource development projects which have limited or no access to other modes of transportation, air travel in Papua New Guinea plays a more vital role in economic and social development than its regional peers. In a number of cases, the country’s 22 airports serve as the only reliable link to the...
What is the potential for Lae’s port to be used as a trade hub in the South Pacific region and beyond?
Taking trade flows as an economic indicator, how would you assess the local market’s performance?
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