Vision 2050, Papua New Guinea’s long-term national development strategy, is the most ambitious planning document in the county’s history. Introduced in September 2009, the plan serves as a blueprint not only for economic development through to 2050, but also addresses social and community development, foreign policy, environmental and climate issues...
What are the key benefits of the Economic Partnership Agreement (EPA) for both parties?
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...
How can ASEAN assist member states in addressing significant infrastructure challenges?
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...
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