News

Business PNG – Madang SME Summit

The Madang SME Summit closed earlier this month with strong sentiments, a deliberate push for protectionist policies to be created especially when 90% ofthe formal sector is under foreign control and ownership.

The summitoled by Minister for Trade, Commerce andIndustry Richard Maru, concluded withthe development ofthe Madang Declaration and Communique. The 21 point recommendation which called for the protection of Papua New Guinea businesses will be handed down tothe floor of parliament for debate.

Recommendations included:

  • more funding allocation and assistance for local Papua New Guinea businesses.

The communique basically seeksthe creation of an “incubating space” for Papua New Guinea SMEs.

https://youtube.com/watch?v=XBeL-54CBec%3Ffeature%3Doembed%26wmode%3Dopaque%26showinfo%3D0%26showsearch%3D0%26rel%3D0

Related posts

New App to Help Road Engineers

EMTV Online

No Supplementary Budget for 2013

EMTV Online

Multi-purpose Forest Inventory

EMTV Online

Leave a Comment

error: Content is protected !!