#pacer plus

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In brief: 'Clan vetting' the key to resolving PNG LNG royalty issue, says Energy Minister

In brief: 'Clan vetting' the key to resolving PNG LNG royalty issue, says Energy Minister #PNG

Officials sent to negotiate with Hides landowners over non-payment of royalties from PNG LNG project, Ok Tedi earns K623 million since March, and PNG Post pays K500,000 in dividends. Your weekly digest of the latest business news.

Petroleum and Energy Minister Nixon Duban saysthe government has sent officials to negotiate with landowners after they shut down all PNG LNG project sites, including…

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Survival of Papua New Guinea industry threatened unless greater protection, say industry figures

Survival of Papua New Guinea industry depends on getting greater protection, say industry figures #PNG

There is a growing call for greater protection of Papua New Guinea industry to respond to allegedly unfair international competition. A number of manufacturers tell Business Advantage PNG that many countries have used protectionism to foster their domestic industries and they believe it is time for PNG to do the same. Composition of PNG economy as percentage of GDP. Source: IMF They also argue…

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Chief Trade Adviser refutes claim that PACER Plus is a threat to Papua New Guinea manufacturing

Chief Trade Adviser refutes claim that PACER Plus is a threat to PNG manufacturing #PNG

The regional PACER Plus trade agreement will not pose a threat to Papua New Guinea’s manufacturing sector, but could rejuvenate it, according to Edwini Kessie, Chief Trade Adviser of the Pacific Island Countries, who spoke with Business Advantage PNG.

PNG’s Trade Minister Richard Maru has told local media his government will not sign up to the agreement, saying it was being ‘pushed by Australia…

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PACER-Plus could boost Pacific nations’ incomes by more than US$50 billion a year, says trade adviser

PACER-Plus agreement could boost Pacific nations’ incomes by more than US$50 billion a year, says trade adviser #PNG

For the last six years, officials from 14 member countries of the Pacific Islands Forum have been negotiating with Australia and New Zealand to set up a free trade agreement, known as PACER-Plus. The Pacific’s Chief Trade Adviser on PACER-Plus is Ghanian-born Australian, Dr Edwini Kessie, who tells Business Advantage PNG that labour mobility and the future of development assistance are two key…

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