Trade & Investment

Papua New Guinea’s international profile received a boost when it chaired the APEC forum in 2018, an event that culminated in the APEC Leaders’ Summit in Port Moresby in November of that year. During the meeting, leaders from some of the world’s largest economies congregated in the capital to discuss a host of regional issues. While the business climate is hampered by regulatory obstacles and a shortage of land for development, the high-profile geopolitical event gave the island nation a chance to showcase its maturing economy and areas of untapped potential to more than 20,000 visitors from 21 APEC member states throughout the course of the year. This chapter also contains interviews with Stefano Mocci, Country Manager for Papua New Guinea, World Bank; Stephanie Fahey, Chief Executive, Austrade; Moustapha Magumu, Principal Coordinator for the Pacific Region, European Commission; and Clarence Hoot, Managing Director, Investment Promotion Authority.