With its state motto, “Unity in Diversity”, Papua New Guinea is indeed a country with outstanding ethnic, linguistic and cultural variety, resulting from the rugged and mountainous geography of the main island of New Guinea, and the isolation of the smaller islands of the archipelago. PNG is a young nation, and its diversity has shaped efforts...
In February 2012 the Parliament of Papua New Guinea passed a bill to establish a sovereign wealth fund (SWF) for the nation. The fund is the result of more than two years of public and private sector consultation and lobbying by the government. It will be used to manage revenues from ExxonMobil’s PNG liquefied natural gas (LNG) project. The SWF is...
The People’s Republic of China (PRC) has become an active partner of Papua New Guinea in recent years, and the close ties have risen each to prominence in the other’s homeland. PNG is China’s largest trading partner among South Pacific nations, while the Asian powerhouse has climbed to second place, behind Australia, in terms of trade volume...
Having enjoyed prolonged and positive relations, the dominant international powers in the South Pacific region – traditional allies like Australia, the US, the UK and France – influenced PNG’s policy throughout the 20th century. However, recent years have also seen an increasing recognition of the importance of Asian and South-east Asian states...
Occupying the eastern half of the island of New Guinea and hundreds of adjacent smaller islands, Papua New Guinea is an important exporter of metals ( particularly gold and copper) and agricultural products such as coffee and palm oil. The country is also set to become a major exporter of gas, which should significantly increase the size of the...
Occupying the eastern half of the island of New Guinea and hundreds of adjacent smaller islands, Papua New Guinea is an important exporter of metals ( particularly gold and copper) and agricultural products such as coffee and palm oil. The country is also set to become a major exporter of gas, which should significantly increase the size of the...
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