PNG eyeing taxation agreement with NZ

Business, Normal

The National, Wednesday, April 27, 2011

PAPUA New Guinea has invited the development of a double taxation agreement with New Zealand in the near future.
This was part of the outcomes of the recent high level trade delegation from New Zealand led by John Hayes, a former high commissioner to PNG and now a member of New Zealand parliament.
The government has also given an undertaking to place a trade officer in the office of the Pacific Islands Trade and Investment Cooperation at the PNG High Commission in Wellington.
A joint communiqué released by the New Zealand Papua New Guinea Business Councils also advised that in addition to the above, the following outcomes were also achieved: 
* The trade mission achieved its objectives of enabling greater co-operation and partnership between the PNG and NZ private sectors;
* Reciprocal trade missions would be undertaken on a regular basis in the future;
* The re-establishment of the PNGNZ business council in Port Moresby;
* The PNG government would participate in the Pacific Forum and Rugby World Cup activities in September;
* The trade mission businesses had successfully engaged PNG companies and that mutual business was being written; and
* That numerous discussions taken place between potential trading partners during the mission.
The NZ trade mission, comprising 27 companies was led by John Hayes.