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 PNG, Chinese business leaders in trade talks
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By ANTON HUAFOLO and ZARA KANU---from : Nationals 2nd July 2008
THE first ever PNG-Sino trade and investment symposium got underway at the Crowne Plaza Hotel in Port Moresby yesterday.
The symposium, which ends this Friday, is an avenue for providing opportunities for Chinese and PNG business leaders to explore trade and investment opportunities between the two countries.
The four-day symposium provides an affordable avenue for PNG companies to engage in business negotiations with the Chinese business community.
In his welcome remarks, Minister for Commerce and Trade Gabriel Kapris said “the symposium symbolises the aspirations of both countries to forge a close relationship in the area of trade and investment so that their people can benefit mutually in any cooperation that is created”.
Mr Kapris said both PNG and China “are developing countries and they share similarities, which makes it easy for both countries to learn from each other and share experiences in development, trade and investment practices”.
He said the PNG Government realised China as a thriving country with immense economic potential, thus PNG must position itself to take every opportunity to benefit, including the promotion of cooperation in the area of trade and investment between potential business people from PNG and investors from China.
“While PNG and China relations thrive on the current trade and investment agreements, it is our belief that we can do more and expand to gain meaningfully by taking strategic approaches in creating schemes which can add value to what we already have, and that is to increase and diversify exports to China in non-traditional areas such as education, science and technology, which are important to the development of PNG,” Mr Kapris said.
In response, PNG’s Shanghai consul Madam Quinee Zhou said PNG is a beautiful country of high economic potential and that the Chinese government and business enterprises are keen to get actively involved in the economic development of the country.
“We hope that after this seven-day symposium we will have acquired greater details to know what the PNG Government has in its policy of trade and investment and what its economic conditions has to offer,” Madam Zhou said.
“In this win-win situation an all hands-on business involvement will further enhance business opportunities for PNG and China.”
The Chinese delegation of more than 30 representatives include some of the largest enterprises and business management groups in China, who are market oriented in construction groups, airline industry, information technology, engineering, food exports, chemistry, commodities and other vast technologies.
PNG’s Ambassador to China John Momis said PNG could take ownership of its resources by opening up to more investors from China, introducing appropriate technologies and the needed skills in the years to come.
Investment Promotion Authority managing director Ivan Pomaleu said the PNG Government was supportive of foreign investment in PNG, especially from China.
He said Chinese investors who wanted to invest in PNG would be assisted “to ensure that they find the right project to invest in and that they are settled in comfortably”.
The proposal to host the symposium was initiated by Mr Momis last year by which the IPA was asked to be the lead agency to facilitate the event. | |
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Papua New Guinea Embassy Beijing
Tayuan Diplomatic Office Building 2-11-2 ,Chaoyang District,
Beijing, China
Tel: [86] [10] 65324709 / 65324312
Fax: [86] [10] 65325483 |
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