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By Staff Reporter : PNG Today

PM O'Neill says US President Trump's Cancellation of PPA will not affect PNG

Papua New Guinea Prime  Minister Peter O'Neill said the cancelling of the Pacific Partnership Agreement (PPA) by President elect of the United States Donald Trump would not affect the APEC countries.

PM O'Neill said this in response to series of questions by Opposition Leader Don Polye on the consequences of the decision to cancel the PPA and its impact on the APEC countries.

Mr Polye said the opposition's position is that PNG should strongly consider a policy of protectionism to protect the nation's businesses and trade.

However, PM O'Neill said the PPA arrangement which was cancelled by US President Trump was not a APEC arrangement and would not affect the APEC countries.

"It won't affect us because we were not a signatory to the PPA arrangements."

"Countries like China which is the second largest economy in the world is also not a signatory to the PPA apart from Australia, New Zealand and others," Mr O'Neill said.

The Prime Minister stressed that foreign investments was important for the country and the government was very careful of its decisions. Post Courier/ PNG Today

Posted by Staff Reporter : PNG Today on 4:42 AM. Filed under , , . You can follow any responses to this entry through the RSS 2.0. Feel free to leave a response

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