The World Indigenous Business Forum (WIBF) will provide the opportunity for local MSME’s to showcase their products, services and businesses.
The forum will be held to be held in Port Moresby on October 25-26 this year, it is anticipated to attract 1000 delegates 600 foreigners and 400 Papua New Guineans.
Chairlady of the Steering Committee Kessy Sawang said PNG has huge cultural assets that is not monetized and the WIBF provides a unique opportunity to promote PNG as a green investment and high-potential tourism destination it is also a platform to showcase PNG’s indigenous innovation and entrepreneurship.
Sawang says this forum will be used to elevates SMEs with the special focus on women and youth innovation and entrepreneurship forging new pathways for trade and business opportunities.
She says, PNG’s bid to host the WIBF 2023 is for the International Trade Ministry’s deliberate interventions to find new niche markets for products like cocoa, coffee, vanilla, fish, coconuts amongst others and also connect PNG’s indigenous business leaders especially in the MSME sector with potential business ideas and collaborations from people across the world.
She adds that this event is expected to generate about K17million in terms of foreign exchange earnings from international delegates coming into the country.
President of MSME Council Des Yaninen thanked the Ministry of International Trade and Investment for winning the bid to host the WIBF as this forum will showcase PNG’s unique cultures and well as vast economic opportunities unlocking pathways for MSME’s to connect and form partnerships.
FM 100 / PNGfacts
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