Jan 20, 2021
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PNG forestry confronts China weakness, falling investment and higher taxes
PNG forestry confronts China weakness, falling investment and higher taxes
The Chief Executive of the Papua New Guinea Forest Industries Association, Bob Tate, claims that PNG’s forestry sector is coming under increasing pressure. He points to a drop in demand from China, lower foreign capital investment and moves by the PNG government to lift industry turnover taxes.
Photo by Rocky Roe © Cloudy Bay Sustainable Forestry
In an interview with Business Advantage PNGTate…
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