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Business |
PNG-Aussie trade expo a significant
devt: Austrade
AUSTRALIAN Trade Commission (Austrade) chief executive Peter
O’Byrne has hailed the trade expo at this year’s Australia-PNG
business forum in Cairns, Australia, as a “new and significant
development”.
Mr O’Byrne said the three-day trade expo was jointly sponsored for
the first time by Austrade and its PNG counterpart, the PNG
Investment Promotion Authority.
Speaking at the expo opening last Sunday, he said: “The aim by the
Business Council of PNG and the Australia-PNG Business Council,
together with Austrade and the PNG Investment Promotion Authority,
to put a greater trade focus on the Australia-PNG business forum,
has succeeded.
“A range of business sectors are represented in the 28 booths
included in this expo, which is a new and significant development.
“The Cairns business community has been given a valuable
opportunity to meet with potential trading partners in PNG - our
closest international neighbour.
“Two-way trade stands at A$3.7 billion (K9.50 billion) and
Australia continues to export a wider range of goods and services
to PNG than any other country – about A$1.4 billion (K3.60
billion) worth last year. This business relationship keeps PNG and
Australia close and there are good prospects for further
development.”
Mr O’Byrne reminded guests at the opening that Austrade could
assist Australian businesses with visit programmes and
appointments to minimise downtime in the market and maximise
output.
He said Austrade could also convey opportunities from PNG
businesses looking for Australian suppliers and partners.
The expo closed yesterday.
 
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