The outcome of the 04th Annual Bilateral Dialogue between the prime ministers of Papua New Guinea and Australia saw a lot of trade and investment, and regional security matters discussed and consensus made.
Speaking after the dialogue at the APEC Haus in Port Moresby, Australian Prime Minister (PM) Anthony Albanese told the media that the meeting also served to strengthen this bond between the two countries as we go into an age of new technologies, environmental and security issues.
“Today’s 4th annual bilateral leaders dialogue strengthens the incredible partnership these two countries have, a comprehensive partnership of equals. Its based upon the fact that our economic and security cooperation is in both of our interest.”
On that note, Prime Minister Anthony Albanese said the defense treaty that both countries will sign should strengthen security and improve trade and economy going forward.
He said the treaty should see increased defense force cooperation between the two countries, training of security personnel with support from Australia, joint operations, domestic security improvements.
He said this is in the best interest of both countries; therefore, in June this year this treaty will be looked at further as both countries work towards an actual ratification.
This is because when there is security and stability, there is an environment for more investments and trade, leading to good economic growth and benefit in both countries.