Philipines-China to strenghthen Business in PNG

Strengthening economic ties and developing new business opportunities between the Asian Countries and countries in the Pacific Region is very important and it's the main reason behind the visit of 32 business delegations from the Philippines-Chinese Chamber of Commerce & Industry (PCCCI) to PNG this week.

The Delegation were greeted and officially welcomed by the Minister for Treasury Hon. Patrick Pruaitch, who told the delegation that in their short stay or visit to the country "you must make it a fruitful one as PNG stands awaiting your interest to invest and do business in our country."

He said Papua New Guinea is the fastest growing economy in the Oceania Region.

"With our exports of oil & gas, along with gold from our extractive industries, we have that potential to stimulate business growth and we look forward for exceptional foreign investments that will ensure growth in our country's economy," said Minister Pruaitch.

Furthermore, in accepting the welcome from the Treasury Minister, PCCCI Chairman Mr Wong Cheung Sha thanked the government of PNG saying that "it is evident to see that such a young country as PNG, business and investment opportunities is very much evident which PCCCI members look forward in engaging here in PNG."

Mr Cheung Sha also extended an invitation to the PNG Delegation to make a journey to Philippines and China anytime this year for both parties to have more talks on what types of businesses they can bring into PNG and look into a better way forward in strengthening better ties between the three countries.