Industry

While Papua New Guinea has a long history of manufacturing, the sector accounts for only around one-tenth of GDP, and output is mostly confined to staple goods bound for the domestic market. PNG is endowed with a number of highly traded global commodities including timber, coffee, cocoa, palm oil and fish, although currently much of this is exported in raw form. With hydrocarbons production pegged to expand the economy by 15% in 2015 and 5% thereafter, there are prospects for more advanced manufacturing to take root, and for locally extracted commodities to receive more in-country value addition prior to export. Should ongoing reforms result in improved perceptions of the ease of doing business in the country, PNG could emerge as a regional destination for the processing of a number of mid-stream and finished goods.

This chapter contains a viewpoint from Somu Bhattacharya, General Manager, Coca-Cola Amatil; and an interview with Michael Kingston, CEO, KK Kingston.