PNG APEC Business Advisory Council Representation Announced
In announcing the new lineup the Prime Minister said membership in the group will be rotated to ensure a fresh injection of perspectives and a broadening of business networking.
Papua New Guinea's ABAC group will now be comprised of:
- Mr. David Toua
General Manager Corporate Affairs, Steamships Trading Company
- Mr. Isikeli Taureka
Executive Vice President PNG, InterOil Limited
- Mr. Kostas G. Constantinou
Managing Director, Lamana Development Limited
"I look forward to the input that our ABAC members will continue to provide to the Government and to the broader APEC process," PM O'Neill said.
"Very importantly we need to ensure that our ABAC members consult broadly with the business community in Papua New Guinea.
"It is essential that ABAC Papua New Guinea shares the views and concerns of businesses in our economy with the region, and regional perspectives are shared with our businesses.
"ABAC cannot work in isolation and I look forward to our members increasing their engagement."
PM O'Neill said the Government appreciates that ABAC participation takes a substantial amount of time from the schedules of business leaders who are already busy, and the country is grateful for the work of the outgoing ABAC members.
"ABAC members have their own businesses to run and operate so changing representation from time-to-time will also reduce burden on the members' time.
"I would like to thank Wayne Golding and Matthew Tjoeng for their input to ABAC and hope that they continue to be a part of APEC business engagement in Papua New Guinea.
"This involvement is particularly important as we prepare to host an ABAC meeting in 2016, and then host the APEC process in 2018 including the APEC CEO Summit."
Appointment as an ABAC representative is the prerogative of the Leader in each APEC member economy, and provides a conduit for advice and consultation on issues affecting regional business activities.
ABAC meets for four formal meetings each year and facilitates a range of other meetings throughout the year that foster business-to-government engagement, and small business development. Throughout each year ABAC members develop an annual report for APEC Economic Leaders that contains a series of recommendations for maintaining stability and enhancing economic growth in the region.
Government Media Release
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