PNG TAKING STEPS TO IMPROVE BUSINESS ENVIRONMENT| PM

With many issues affecting business operations in the country and the increase in Law-and-Order issues as well, Prime Minister James Marape has reassured investors that the PNG Government is taking steps to improve the business environment in PNG.

PM Marape stated that the government recognizes industry challenges such as high operational costs and investment hurdles, but investors should know that PNG is taking steps to improve the business environment in the country.

Speaking at the high-level meeting for Papua New Guinea’s official membership into the Council of Palm Oil Producing Countries (CPOPC) and focusing on Palm Oil Mr. Marape reaffirmed PNG’s commitment to strengthening advocacy efforts alongside Indonesia and Malaysia.

“We must stand together to promote fair trade policies and counter any negative narratives surrounding palm oil. As major forest nations, we have the responsibility to present our case and showcase that we are sustainable producers,” he said.

Additionally, he reiterated the government’s intention to expand palm oil into biofuel production.

“Palm oil is more than just an edible oil; it is a critical resource for the future of green energy. We need to ensure that we fully maximise its potential.”

“We are working on land mobilisation programmes and tax incentives to make PNG a more attractive investment destination,” he announced.

He also highlighted the government’s K100 million annual allocations for land acquisition and infrastructure support, ensuring long-term growth in the sector.

“We are putting systems in place to encourage sustainable industry expansion and create more opportunities for our people,” he stated.

Mr. Marape proposed hosting a CPOPC Heads of Government Meeting, bringing together leaders from member nations to discuss trade, sustainability, and global market strategies.

“We are not alone in this industry.”

“Through collaboration with Indonesia, Malaysia, and other producers, we can build a more equitable and sustainable palm oil market.”

“We look forward to strengthening our role in CPOPC and working together for the benefit of all palm oil-producing nations.”Copy Patch to installation folder and apply it