Culturally one of the world’s most diverse countries, Papua New Guinea is widely considered to be the last frontier for tourism and business opportunities. The island of New Guinea hosts 6-8% of the world’s species, one-sixth of known languages and rivals Borneo, the Amazon and the Congo in terms of biodiversity, according to the Worldwide...
What measures is the business community proposing in response to the persistence of low commodity prices on the international market?
What would you say is the importance of South-South cooperation for sustainable economic growth in the Pacific region?
A signatory to a large number of free trade agreements, PNG is in the process of negotiating accession to others. However, it is perhaps not as well integrated with other Asia-Pacific economies as it might have hoped, and its existing trade deals do not seem to be doing much to strengthen the economy. Furthermore, there is growing concern...
The state has been modifying its legal framework to improve the investment environment in Papua New Guinea. The hope is that these changes will make economic activity more transparent and efficient, thereby helping PNG improve its position in the World Bank’s Doing Business rankings and attract more international participation in the economy....
The landscape for trade and investment in Papua New Guinea has undergone substantial changes in recent years. This shift has been driven to a large extent by the country’s large liquefied natural gas (LNG) project, PNG LNG. The development comprises gas production and processing facilities, with its initial phase carrying an estimated cost of...
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