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A full feasibility study on the bilateral trade between Papua New Guinea and Australia is set to commence soon.

STUDY TO BEGIN ON FEASIBILITY OF BILATERAL TRADE BETWEEN PAPUA NEW GUINEA AND AUSTRALIA

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by NBC News PNG, 30 January 2023.

A full feasibility study on the bilateral trade between Papua New Guinea and Australia is set to commence soon.

Minister for International Trade and Investment, Richard Maru announced this, ahead of a meeting between the two countries next month.

Mr. Maru outlined that despite market access offered under established arrangements, like the PNG-Australia Trade and Economic Relations Agreement signed in 1970s and the recent South Pacific Regional Trade and Economic Corporation Agreement in PNG, these have not served their purpose to increase the country's exports. 

He said there are issues hindering PNG exports to the Australian market.

Currently, the only commodity group enjoying increased market share in Australia is gold, copper and other precious metals.

Minister Maru said it is very critical to assess and address issues to improve trade and investment between the two countries going forward.

NBC News PNG

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