PT&I to deliver P2F programme for PNG businesswomen
Pacific Islands Trade & Invest (PT&I) has signed a Memorandum of Understanding with the Papua New Guinea Women’s Chamber of Commerce to deliver the “Pathways 2 Finance” programme.<!--more-->
[caption id="attachment_7262" align="alignleft" width="138"]<a href="https://pacifictradeinvest.com/PTI/wp-content/uploads/2015/08/rsz_png_agric_farm__3.jpg"><img class="size-full wp-image-7262" src="https://pacifictradeinvest.com/PTI/wp-content/uploads/2015/08/rsz_png_agric_farm__3.jpg" alt="Chad Morris (right) with Ken Pep (second from left) who interned at PT&I Auckland with farm managers at Agric Farm in PNG." width="138" height="104" /></a> Chad Morris (right) with Ken Pep (second from left) who interned at PT&I Auckland with farm managers at Agric Farm in PNG.[/caption]
This was one of the outcomes of a recent visit to PNG by Chad Morris, Pacific Islands Trade & Invest (PT&I) Australia Investment and Tourism Manager.
Speaking of his exploratory visit to PNG to investigate investment and tourism opportunities and identify possible partners Mr Morris said, “The mission was a great success. Key partnerships were established, new relationships were built and a more in-depth understanding on the barriers and opportunities for the private sector was gained.
“There are enormous opportunities in PNG for FDI and expanding the tourism sector, however, more needs to be done to create a more enabling environment for these to flourish.”
The P2F programme will be delivered in the next three months in partnership with an Australian Business Volunteer who will be based at the Chamber for 6 months.
Mr Morris also had an opportunity to visit an Israeli investment agricultural project - the Innovative Agro Industry run by Ilan Weiss, Chairman and Director and Gallit Tamir, Business Development Manager. The farm is growing lettuce, tomatoes, capsicum, cucumber and various herbs and suppling to local supermarkets and hotels. They are also exporting produce to McDonalds in Fiji for the past 6-12 months. Mr Morris says the purpose of his visit to the farm project was “to see that a commercially driven farm can be operated in PNG on Foreign Direct Investment (FDI).
To date the project has been a success, replacing imports with locally produced goods, which has reduced price at the checkout for local consumers and employing up to 300 locals approximately 70 per cent are women.
Mr Morris also met several key players, stakeholders and allies, including PNG Business Council, PNG Chamber of Commerce, PNG Women’s Chamber of Commerce, ANZ Bank, Australian Aid, British High Commission, PNG Surf Association, Kokoda Authority, IFC, Digicel, Nationwide Bank, Manufactures Council as well as the Investment Promotion and Tourism Promotion Authorities.
Mr Morris thanked Desmond Pokajam, Senior Investment Officer and Ken Pep, Senior Marketing Officer from the Investment Promotion Authority for facilitating the visit. Mr Pep had spent a few weeks last year at PT&I NZ in Auckland as an intern.
For more information on PNG Investment and Tourism opportunities, please contact Pacific Islands Trade & Invest Investment and Tourism Manager, Chad Morris at <a href="mailto:email@example.com"></a>