Seminar showcases PNG businesses in aftermath of Covid-19

(Picture caption: The Pacific Islands Centre and UNIDO Investment and Technology Promotion Office in Tokyo have staged their first webinar on the impact COVID-19 has had on Papua New Guinea businesses.)

The Pacific Islands Centre (PIC) based in Tokyo, Japan staged a webinar delving deep into the issues Papua New Guinea businesses face currently in the COVID-19 environment.

Working together with the UNIDO Investment and Technology Promotion Office in Tokyo, the two organisations staged their first webinar in July, on The current and future issues of PNG business situation in the aftermath of COVID-19.  

Opened by PIC Director Roy Saito, the webinar featured Junior Associate Professor of Tokai University Dr Takehiro Kurosaki.

During the webinar, Dr. Kurosaki shared how COVID-19 has had negative impacts on the tourism industry in the Pacific, including PNG.

Borders were closed at an early stage, so fortunately, numbers of cases remain small, he said

Currently, Japan is one of the largest export partners for PNG, with LNG as the largest export item.

During his presentation, Dr Kurosaki referred to the 2014 Japan-PNG Investment Promotion and Protection Agreement.

He mentioned more Japanese companies are becoming interested in developing businesses in PNG.

Managing Director of the Investment Promotion Authority (IPA) in PNG Clarence Hoot also spoke during the webinar.

He reported 59 projects from Japan have been approved between 2009 and 2019, mainly in sectors including mining and petroleum, construction, architectural and engineering.

Referring to the low level of Japanese investments in sectors such as energy, fisheries, manufacturing and real estate, he emphasised how the PNG economy offers extensive investment opportunities in all sectors of business and expresses intentions to forge working relationships with PIC and UNIDO to further promote business between the two countries.

Trade Officer at PIC Ms Yukie Matsui also introduced PNG companies seeking to export their products to Japan.

The webinar drew a lot of interest and as a result, PIC is planning to hold webinars for other Pacific Islands countries.

Copies of the following presentations can be obtained by contacting PIC Trade Officer Yukie Matsui – ymatsui@pic.or.jp :

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