27 C
Port Moresby
May 17, 2021
News

Business PNG – Madang SME Summit

Share the News

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

Huafolo: Hela Call Out in Newspaper Misleading

Fabian Hakalits

North Fly: Pampenai Road Reconstructed

EMTV Online

Hospitals Signs MOA with KPHL

error: Content is protected !!