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Port Moresby
May 28, 2022
News

Minister Maru: Indigenous Business Priority

A final consultative workshop to discuss, assess and determine business activities for indigenous Papua New Guineans commenced today in Port Moresby.

The workshop is specifically to formulate a reserve business list as part of the new SME Policy and Master Plan in compliance with the world’s best practices.

 

The underlining concept was to formulate a list of business activities reserved for indigenous Papua New Guinean’s to participate and manage.

 

Trade Commerce and Industry Minister, Maru says this reserve business list will be restricted for citizens only by legislation. He says no one is to be left out or marginalized, but will be engaged to correct the current socio economic status of the nation.

 

Maru says these plans are not intended to prevent foreign investment but to actively involve the participation of locals in the economy.

 

The workshop is being facilitated by the Ministry of Trade, Commerce and Industry, and was well attended by the business sector, government departments, academic institutions, industry regulatory entities, and stakeholders.

 

The outcome of the workshop will be incorporated into the new SME Policy and Master Plan.

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