10 May 2007

PNG urged to tap into Asia market

11:17 am on 10 May 2007

A trade seminar has recommended Papua New Guinea should consider an extension of its industries to add value to its exported products and tap into the Asian market to boost its trade partnership.

This was one issue discussed during the seminar exploring the prospective benefits of PNG joining the Asia Pacific Trade Agreement.

APTA, formerly known as the Bangkok Agreement, was signed in 1975 and is Asia's oldest preferential trade agreement between developing countries that aims at promoting regional trade through exchange of mutually agreed concessions by member countries.

The National newspaper reports the one day seminar was funded and conducted by the United Nations Economic and Social Commission for Asia and the Pacific.