Taylor is new president of PNG-Australia business council

Business, Normal

The National, Wednesday, May 18, 2011

BOUGAINVILLE Copper executive chairman Peter Taylor is the new president of the Australia-Papua New Guinea business council taking over from the national chairman of Gadens Lawyers, Ian Clarke.
Speaking after his election at the council meeting in Madang on Monday, Taylor said the commercial relationship between Australia and Papua New Guinea had never been stronger.
“This is a time of great mutual opportunity, the two-way trade between Papua New Guinea and Australia is now well in excess of K10 billion annually.
“Australian investment in PNG is at a high point, with a significantly increased number of Australian companies investing in the development of resources across the country, and many Australian suppliers of products and technical services  visiting PNG in numbers that have not been seen since the 1980s,” he said.
Taylor said that at the same time, hundreds of PNG professionals in the mining sector had found jobs in Australia, and PNG producers of commodities were enjoying export gains due to high demand in the Australian market.