PNG resource sector potential showcased in NZ
A Road show designed to present the opportunities and realities of doing business in Papua New Guinea, took place in New Plymouth on May 13. <!--more-->
[caption id="attachment_7135" align="alignleft" width="138"]<a href="https://pacifictradeinvest.com/PTI/wp-content/uploads/2015/05/rsz_png_hc_agwi.jpg"><img class="size-full wp-image-7135" src="https://pacifictradeinvest.com/PTI/wp-content/uploads/2015/05/rsz_png_hc_agwi.jpg" alt="PNG High Commissioner in NZ HE Francis Agwi addresses the meet" width="138" height="104" /></a> PNG High Commissioner in NZ HE Francis Agwi addresses the meet[/caption]
Organised by the New Zealand Papua New Guinea Business Council (NZPNGBC), Pacific Trade and Invest (PT&I), NZTE and Venture Taranaki, meeting was attended by the Papua New Guinea High Commissioner to New Zealand, His Excellency Francis Agwi, Member of Parliament for New Plymouth Jonathan Young and New Plymouth Mayor Andrew Judd.
International logistics firm Deugro provided an informative presentation involving their New Zealand, Papua New Guinea and regional managers who travelled to New Plymouth for the occasion.
Pacific Islands Trade & Invest Trade Development Manager Mona Mato said the road show was an opportunity to profile PT&I services in New Plymouth and at the same time understand the partnerships between businesses in New Plymouth and those in PNG.
“I think a good understanding of these relationships provides us with a lateral view on the commercial opportunities between PNG and New Zealand that then determines any flow of product whether it is technology or related services. It has been interesting to see the extent of infrastructural investment by New Zealand companies in PNG and the engagement of both the government and private contractors through Public-Private Partnerships to build road access, ports (both air and sea) – all key developments that relate to facilitating trade between the two countries.”
The level of interest demonstrated by this group was a reflection of the importance and potential of the Papua New Guinea marked for New Zealand goods and services, particularly relevant to technical expertise in which the Taranaki region has excelled. It also underscored the commitment of New Zealand to Papua New Guinea to support outward trade to New Zealand elsewhere and also to support the process of economic and social development.
This was the fourth national road show run by the NZPNG Business Council and the New Plymouth logistics for the meeting was managed by Nick Fleming of NZTE. Presentations on the range and depth of business opportunity and key business considerations were provided by Graeme Solloway of NZTE’s Auckland office, Teremoana Mato of PT&I and Stephen Eagle of NZPNGBC. These were followed by a brief question and answer session before the DEUGRO team described their impressive work on the massive Exxon Mobil LPG development, and an introduction to the PNG business environment based on their first-hand knowledge.
Several of those present have already established successful business in PNG, in at least three cases having benefited from taking part in trade missions to PNG that have been organised by the NZPNGBC and NZTE with support from both governments, on eight occasions since the first 2011. The NZPNGBC presentation described the plans and philosophy for the forthcoming 2015 trade mission, and a number of attendees expressed interest in taking part.
NZPNGBC through its secretariat, the Auckland Chamber of Commerce, is able to accommodate some more delegates on the 2015 trade mission. This is to benefit from high level support from the New Zealand government, headed by Mr Shane Jones and the organisers are collaborating at senior levels of government and business within Papua New Guinea.
For more information contact Mona Mato, Trade Development Manager, PT&I email: <a href="mailto:firstname.lastname@example.org"></a>