In a bid to increase transparency and ensure that only qualified projects are eligible for government assistance, a complete review of Papua New Guinea’s tax credit scheme (TCS) got under way in the beginning of 2018. The government has utilised the TCS to enhance the commercial viability of infrastructure projects since 2003, albeit with...
In an attempt to persuade foreign-owned fishing vessels to process their catches from Papua New Guinea waters at local facilities, Prime Minister Peter O’Neill announced the cancellation of a fishing fee subsidy in December 2017 and replaced it with a rebate for processing seafood onshore. While the move is designed to improve PNG’s fisheries...
Papua New Guinea’s fertile soils are instrumental in the lives of the country’s residents, both as a source of income and nutrition. The agriculture sector has constituted between 25% and 40% of GDP over the last four decades, while supporting the livelihoods of around 85% of the population. Despite the sector’s importance, however, the...
With more than 5000 km of coastline and important stocks of hake, shrimp, squid and other marine species, the Argentine fishing industry has long been a central pillar for the economies of the country’s southern states, and an important source of export revenue. Under previous governments, however, the industry lost competitiveness due to...
For 20 years the soybean has been at the heart of Argentina’s agricultural boom. From 1996 to 2014 soybean production increased from 11m tonnes per annum to more than 60m tonnes as global demand for the versatile product grew rapidly. However, over the last decade the continued expansion of soybean cultivation has taken place at the expense of...
Against a backdrop of increasingly severe and costly climate events and natural disasters, technology is poised to play an important role in maintaining and improving global agricultural output. The adoption of digital and precision farming practices has been shown to improve crop resiliency and boost productivity and incomes, particularly in...
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