High foreign executives employed by firms in Papua New Guinea will now be granted permanent resident status in the country.
PNG's Minister for Foreign Affairs and Trade Sam Abal says their visas will no longer have to be renewed every three years.
Speaking at the 26th Australia-Papua New Guinea Business Forum Mr Abal told participants that the Government recognized the significant contributions to PNG made by skilled executive officers.
The Post Courier newspaper reports more than 300 participants from both Australian and PNG business communities are attending the forum.
