Two-way trade between Australia and PNG reached A$5 billion (about K11.8 billion) in 2021-22. Australian assistant minister for trade and assistant minister for manufacturing, senator Tim Ayres who is attending the 38th Australia-PNG Business Forum and Trade Expo in Port Moresby said Australia was proud to be PNG’s largest economic, security and development partner. Ayres said Australian businesses were well placed to contribute to achieving Papua New Guinea’s economic ambitions and sustainable and inclusive growth. “Australia and Papua New Guinea are close neighbours, partners and friends, with a shared ambition to boost our business, trade and investment relationships,” he said in a statement. “During my visit, I will work to strengthen our nations’ business links and continue the work of the Australian Government to ensure a mutually beneficial economic partnership.”
Ayres will deliver a keynote address and chair a number of roundtables on manufacturing, agriculture and renewable industries. “I will be accompanied by a delegation of Australian business leaders from major industries, including agribusiness, infrastructure, as well as the National Rugby League,” he said. “I will meet ministerial counterparts across a range of portfolios and discuss key outcomes from the Australia-PNG Ministerial Forum held in Canberra earlier this year. “The Australian government is investing in skills development in the Pacific both to meet Papua New Guinea’s domestic needs and to support labour mobility.” Ayres said Australia and Papua New Guinea were working together to deepen economic and trade ties, and in the interests of a safe, peaceful and prosperous Pacific region. Statement/TheNational/PNGfacts Also read Comments are closed.
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