The Government of Papua New Guinea is adamant to go into downstream processing of most of the country’s resources and what better way to do it than to learn from one of the leaders in the region- Indonesia.
That is why the Minister for International Trade and Investment Richard Maru is strongly appealing to Indonesia through the PNG Indonesia Ministerial Committee, to send its envoy to attend the PNG Investment Week planned from the 31st of August to the 3rd of September.
“This is part of our independence celebrations,” said the minister when announcing this upcoming investment week at the recent launching of the PNG Indonesia Business Council Incorporate in Port Moresby city.
“We are going to have a specifically targeted investment conference, where we are going to look at investments that will transform our economy into the future.”
Minister Maru went on to say that for so long the country has been relying on the mining and petroleum sectors and now it’s a time to change the focus as PNG marks its 50th Independence Anniversary.
He said it’s time PNG refocus on downstream processing in the agriculture sector as priority then go into the non-renewables sector for downstream processing.
He then went on to say that what country to better learn from going into downstream processing than Indonesia, PNG’s closest neighbour sharing the same land border.
Indonesia has a huge market and a population that has a big demand. It is also big in downstream processing, manufacturing most of its products and selling them abroad. This according to Minister Maru, makes Indonesia a preferable trading partner for PNG and a country that’s worth learning from.
“We must not continue to do business the same way and expect a different result,” said the minister. “Indonesia will be a fantastic country to learn from.”
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