PNG is looking at establishing formal trade ties with India.
Minister for Trade, Commerce and Industry, Richard Maru said PNG will hold negotiations towards finalizing a Bilateral Investment Promotion and Protection agreement with India.
He said there are numerous interests shown by Indian Investors to come into the country.
“I’ve sat down and had a look at which country we should now target in terms of business and trade and commerce, and we’ve decided to look to India. We are looking to have a double tax treaty with India, the same with Australia and New Zealand. We are looking at technique cooperate agreement with India,” said Minister Maru.