The bilateral trade talks between Trade, Commerce and Industry Minister, Richard Maru and his counterparts of Russia, New Zealand and the Philippines will open more windows of opportunities for Papua New Guinea.
Minister Maru met with delegates at the APEC summit in Peru recently. They forged relationships with these member countries to open more access markets.
“I am happy with the intervention with my counterparts following the bilateral trade meetings with my counterparts,” Maru said.
Russia has shown interest to invest in Papua New Guinea, with a trade delegation expected in the country by February 2017.
“But before that a Memorandum of Agreement on Trade and Economic Co-operation will be singed for the trade delegation to visit PNG,” he said.
This will pave the way for exchange programs like scholarships for Papua new Guineans to study in Russia.
The National Government is extremely keen to develop trade relations with these countries.
Mr. Maru, says a trade delegation will visit New Zealand to look into the different money-making sectors like tourism and fisheries.
“The New Zealand Trade Minister is keen to facilitate this PNG Trade Investment Road show and educational industry tours,” he said.
While this is important for business opportunities, what the government needs to do is to create space for investors like the Visa-on-Arrival for these investors.