PNGWIB welcomes Chinese investors

Business, Main Stories
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By PATRICK TALU

SMALL to medium scale business entrepreneurs in Papua New Guinea have invited and welcomed Chinese entrepreneurs to invest in PNG.
President of PNG Women in Business (PNGWIB) Janet Sape welcomed delegates of various small to medium scale entrepreneurs led by Shanghai Federation of Industry and Commerce (SFIC), who are in the country looking for business opportunities.
Sape said PNG was a place of opportunities and they would find it suitable and conducive for investment.
She said such investments in partnership with local entrepreneurs would enhance stronger business cooperation between Shanghai and PNG encouraging growth and sustainability of local business.
Sape said she would be taking four delegates from PNGWIB to attend the Shanghai Expo 2010 and seek more opportunities for women.
A local business-woman, who is involved in catering services, said it had been very difficult doing business in PNG, especially when seeking loans at the commercial banks.
“If the Chinese are interested in PNG, it will give us the opportunity to go into partnership,” the women, who wished to remain unidentified, told The National yesterday.
 Many small business owners turned out in numbers and met with the delegates and exchanged information at a seminar yesterday at Airways Hotel.
The aim of the seminar was to enhance the understanding and cooperation with different PNG chambers and relevant organisations in their endeavour to promote the external cooperation for Shanghai Small to Medium Entrepreneurs.
The companies’ interests include scrap tyre and waste rubber processing line, investigation of the urban infrastructure market, real estate and construction and technology.
While most of the visiting delegates are here to discuss potential joint venture deals in their specialised business activities, others are here to seek trade and investment opportunities.