Australian Minister for Pacific Island Affairs, The Hon Pat Conroy MP, has attended the Australia-Papua New Guinea Business Forum and Trade Expo to continue building momentum for businesses of all sizes to engage in PNG.
Papua New Guinea is one of Australia’s most important trade and investment partners in the region, with more than 4,000 Australian companies exporting to PNG.
Australia is investing more than $200 million annually in economic and social infrastructure support through bilateral aid programs and $1.2 billion in grants and loans to support major capital projects across ports, roads and electrification under the AIFFP.
These investments will make it easier for PNG businesses to grow, for communities to thrive, and for investors to have confidence in the future of this economy.
Our economic future is a shared one, as we face global challenges, we are stronger when we work together – side by side and step by step.
Australia will continue to be a reliable partner for Papua New Guinea and is committed to creating conditions for sustainable growth.
Quote attributable to Australia’s Minister for Pacific Island Affairs, The Hon Pat Conroy MP:
“We invest more in Papua New Guinea than we do in Indonesia or India and our investment in Papua New Guinea grew by 70 percent in the last five years.”
Speaking on the economic impact of the PNG NRL announcement:
“It will put PNG tourism on the map in Australia like you've never seen before. Every second week you will see Australians, over a million Australians who watch footy on their television screens, will see Port Moresby and Papua New Guinea showcased.”
Ends.
Australian Minister for Pacific Island Affairs, The Hon Pat Conroy MP, speaking at the Australia-Papua New Guinea Business Forum and Trade Expo.
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