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July 26, 2021
Business News

PNG eyes India for trade ties

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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.

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