Talks underway to improvPNG Australia Trade

Talks are underway to improver trade between Papua New Guineaand Australia with particular focus on Queensland.

An official trade delegation fromthe Cairns Chamber of Commerce arrived in Port Moresby to scout trade opportunities.

At a business breakfast on Tuesday,the Chamber’s CEO, Deb Hancock said one area of potential being looked at is live cattle imports from Central Queensland.

CEO Hancock saidthe visit is generally to stimulate closer working relationships to develop businesses in a mutually beneficial and collaborative manner. And one area being pursued isthe importation of cattle from Australia.

The Markham valley is currently Papua New Guinearsquo;s main abattoir and ifthe deal goes down well, quantity supply will increase asthe valley is one ofthe proposed cattle sit’s.    

Hancock saidthe task at hand is to formulate Import Protocols, which are currently being handled by relevant authorities of both countries. She pointed out thatthere was an export/import trade operating inthe past; unfortunately that has lapsed over time.

Back in Australia, Central Queensland cattle producers are inthe midst of a perfect storm where graziers are struggling with lack of rain and cattle feed.

Hancock sayPNG is perfectly placed as a new market and a sustainable long term industry partner – a partnership thatoin turn, will beef upthe general balance of trade between Australia and Papua New Guinea

Import Protocols are subject to negotiations atthe moment to ensurethey are commercially viable.

Meanwhile,the Cairns Chamber will be officially opening a Port Moresby Office on Thursday. This is to ensure presence while creating an effective working relationship between investors of both cities.

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