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Port Moresby
July 26, 2021
Business News

PNG enjoys un-interrupted economic expansion

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Another point raised at the Taiwanese Trade Fair in Port Moresby.

Papua New Guinea has enjoyed 10 years of un-interrupted economic expansion.

But in this good time the serious challenge has been to translate the benefits from the mineral boom to effective development outcomes.

This is where some lessons about small and medium enterprises or SMEs can be learnt from Taiwan.

Taiwan has a total 1.2 million SMEs that account for nearly 98% of all enterprises.

SMEs employ more than 8 million people.  That’s 78% of the island’s overall employment.

Taiwanese Trade Fair officials say they can offer PNG this model.

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