PNG-Japan business to boom

Radio New Zealand International:

Tuesday, 08 July 2014

A PNG investment seminar held in Tokyo last week received an overwhelming response from local businesses.

The Pacific Islands Centre, the Japan-based office of the Pacific Islands Trade & Invest network, says more than 100 businesspeople participated in the event.

The PNG Ambassador to Japan, Gabriel Dusava, says Japan is bound to become PNG's number-one trading partner by 2015.

The managing director of the Investment Promotion Authority of PNG, Ivan Pomaleu, says the investment landscape for Papua New Guinea is ready for Japanese interest and consideration.

A PNG Investment Guide, in Japanese, was launched to further drive investment from Japan into PNG.

Information on the country's tax system and incentives for Japanese businesses and investors were presented at the seminar.

The Pacifc Island Centre's Director, Kazuyoshi Ogawa, is to visit PNG this month to facilitate a Business Mission from Japan with 55 members, taking part in Japan Prime Minister Abe's official visit to Papua New Guinea.

Read story: Radio New Zealand International

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