PRIME Minister James Marape says Papua New Guinea aims to engage investors not only in purchasing PNG-made products but also to involve them in the government’s downstream processing initiatives.
Speaking at the inaugural Papua New Guinea- Asia Investment Conference in Hong Kong, he said PNG was keen to secure access to the Asian markets.
“We already export petroleum and minerals to Asian markets, including timber, seafood and agricultural produce such as coffee,” Marape said.
“PNG wants to progress from being an exporter of raw products to becoming an exporter of finished products.”
He said the sectors PNG was interested in are agriculture, forestry, fisheries, petroleum, mining, and tourism, as well as other service sectors.
The Prime Minister said the government would be inviting local businesses, especially those in manufacturing, to participate in the conference and make partnerships with family and corporate businesses in Asia.
Papua New Guinea Chamber of Mines and Petroleum President Anthony Smare said investments are crucial for the country and everyone should work hard to create employment for the people.
He said creating jobs is a challenge but increased investment would mean more employment for everyone.
Smare said trade and investment conferences were important as they unlocked and created opportunities necessary for economic growth.
