THE Minister for International Trade and Investment of Papua New Guinea (PNG), Hon. Richard Maru, has announced plans for a high-level delegation to visit New Zealand in the last week of April. This decision comes following a fruitful meeting with the New Zealand Minister for Agriculture, Hunting and Fishing, Forestry, and Trade, Hon. Todd McClay, on the sidelines of the World Trade Organization 13th Ministerial Conferencein Abu Dhabi, United Arab Emirates (UAE).
Minister Maru outlined the objectives of the visit, which include learning from New Zealand’s expertise in the capital market industry and seeking support to transform PNG’s Securities Commission and capital market sector. Additionally, the PNG delegation seeks to explore opportunities in New Zealand’s poultry and dairy sectors, with the aim of inviting New Zealand investors to participate in these industries within PNG.
“Our visit to New Zealand aims to tap into their knowledge and experience, particularly
in areas such as the capital market industry. By learning from their success, we aim
to strengthen our own market and attract investment,” stated Minister Maru. He emphasized
the importance of developing PNG’s domestic poultry industry to reduce reliance
on imports, create local employment opportunities, and mitigate risks associated
with imported diseases.
Furthermore, Minister Maru highlighted the delegation’s interest in engaging with the Indigenous Maori Commission to learn from the success of Maori businesses and explore
avenues for collaboration. This initiative aligns with PNG’s preparations to host its inaugural
Indigenous Business Summit in August, showcasing indigenous entrepreneurship
and fostering cross-cultural exchange.
The upcoming visit signifies a commitment to deepening bilateral ties and exploring
new avenues for economic growth and development.By leveraging the expertise and
resources of New Zealand, PNG aims to enhance its competitiveness, promote sustainable
industries, and create opportunities for prosperity and advancement for its people.
As the two nations embark on this journey of collaboration, the potential for mutual
benefit and shared prosperity shines bright on the horizon.
The forthcoming high-level delegation from Papua New Guinea (PNG) to New Zealand
represents a significant milestone in the nation’s quest for economic development and
prosperity. Led by the Minister for International Trade and Investment, Hon. Richard
Maru, this delegation embodies PNG’s commitment to strengthening bilateral ties and
exploring new avenues for collaboration.
At the heart of this endeavor lies a shared vision between PNG and New Zealand to
leverage each other’s strengths and expertise for mutual benefit. Minister Maru’s focus on
learning from New Zealand’s capital market industry underscores PNG’s determination
to enhance its financial infrastructure and attract investment. By seeking support to
transform PNG’s Securities Commission and capital market sector, the delegation
aims to lay the foundation for sustainable economic growth and prosperity.
Moreover, the delegation’s interest in New Zealand’s poultry and dairy sectors reflects
PNG’s strategic approach to addressing domestic challenges and seizing new opportunities.
Minister Maru’s emphasis on developing PNG’s poultry industry not only
aligns with the nation’s goal of reducing reliance on imports but also underscores the
importance of creating local employment opportunities and safeguarding against imported
diseases.
Crucially, the delegation’s engagement with the Indigenous Maori Commission highlights
PNG’s commitment to learning from the success of indigenous businesses and
fostering cross-cultural exchange. As PNG prepares to host its inaugural Indigenous
Business Summit, the lessons gleaned from New Zealand’s indigenous entrepreneurship
will undoubtedly enrich the summit’s discourse and inspire new avenues for
collaboration.
The upcoming visit to New Zealand symbolizes more than just a diplomatic exchange; it
represents a tangible step towards realizing PNG’s economic potential and empowering
its people. By forging strategic alliances and leveraging external expertise, PNG can overcome longstanding challenges, stimulate growth in key sectors, and create a conducive
environment for investment and innovation.
As PNG embarks on this journey of economic cooperation with New Zealand, the prospects for shared prosperity and sustainable development are brighter than ever. By embracing the spirit of collaboration and harnessing the collective strength of its partners, PNG can chart a course towards a more prosperous and inclusive future for all its citizens.
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