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.
Papua New Guinea has remained resilient in the wake of a host of domestic and external challenges, and while growth has slowed since construction of PNG LNG ended, ongoing fiscal, structural and policy reforms should support domestic non-oil economic growth in 2018. PNG’s international profile received a boost when it was selected to host APEC 2018. Although the budgetary burden of APEC could be the cause of near-term fiscal pain, APEC events could significantly strengthen the country’s regional and global bilateral relationships, which should in turn support mid- and long-term trade and investment growth.
Full engagement: Prime Minister Peter O’Neill, on how the nation is leveraging improved economic...
Holistic approach: Clarence Hoot, Acting Managing Director, Investment Promotion Authority (IPA),...
A dynamic market: Alan Bollard, Executive Director, APEC Secretariat, on expected outcomes of Papua...
Positive prospects: Charles Abel, Deputy Prime Minister and Treasurer, on efforts to diversify the...
Spread the word: Hulala Tokome, Chairman, National Superannuation Fund, on raising awareness on the...
A shared goal: David Toua, Chairman, APEC Business Advisory Council (ABAC), on establishing...
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