Thailand boosts trade with PNG

Business, Normal

The National, Tuesday 26th March 2013


THE Thai government has strengthened its bilateral trade relations with Papua New Guinea when it signed two memoranda of understanding  with the Port Moresby Chamber of Commerce and Industry yesterday.

Prime Minister Yingluck Shinawatra said Thailand was looking for a local partner to expand and PNG could be the leading market in the Pacific region because of its strategic location and resources.

She said the signing of the deal was the first step towards promoting and strengthening the area of trade and investments in PNG.

Shinawatra, who was on a two-day visit, said PNG had resources and encouraged PNG to invest in Thailand.

“The signing will bring together private sectors in both nations to trade and develop the infrastructure and business links and investment,” she said.

“PNG has potential and resources.

“Thailand will remain a strong partner with PNG

“Thailand is prepared to trade … it’s a two-way trade. 

“We also welcome PNG investment in Thailand.”

National Capital District Governor Powes Parkop said at the signing that PNG had a growing and thriving business community and wished to continue dialogues with Thailand for enhanced investment climate.