The National, Thursday 18th April 2013
By MOUA OMOA
PAPUA New Guinea needs to fast-track processes to have a trade policy which can properly set government directives and guidelines for stakeholders.
Gainmore Zanamwe, the regional trade advisor for the Pacific Island Forum secretariat, said this during aid-for-trade consultations with various statutory sectors in Port Moresby.
Zanamwe said formulating a trade policy was a big challenge inhibiting so many things and it encompassed regulatory mechanisms and the willingness to improve policies and regulations to make PNG more trade-friendly.
“At this time, according to the World Bank’s Ease of Business, PNG is rated at the bottom. Therefore having a trade policy would set a framework for improvement and more trade.”
He said the secretariat was willing to assist in speedily developing a policy for PNG through further consultation.