By OSEAH PHILEMON
THE Lae Chamber of Commerce and Industry (LCCI) and the Cairns Chamber of Commerce Inc (CCCI) in Australia have signed an agreement to improve economic and commercial ties between the two sister cities.
The agreement was signed between LCCI president Alan McLay and his Cairns counterpart Jeremy Blockey after a tour of Lae city by a Cairns business delegation.
The agreement states that the two chambers, recognising the immense possibilities of improving economic and commercial ties between Papua New Guinea and Australia, have agreed to work together to establish and develop commercial links between the respective members of the two chambers within the scope of their terms of reference.
The agreement states that the two chambers undertake to co-operate with each other and do their best to strengthen and improve economic cooperation and trade between the two cities.
It also states that the two chambers shall mutually assist and contribute to the expanding commercial links between trade enterprises of the two cities.
They agreed to exchange information and views on widening commercial ties between the two cities and countries.
The agreement states that the two parties will participate in each others’ national exhibition, international trade, specialised exhibitions, economic and technical fairs, information bureaux, symposia, conferences or similar events taking place in their respective cities with the aim of expanding economic co-operation.