11 Oct 2012

Boost predicted in PNG/NZ trade

4:15 pm on 11 October 2012

Papua New Guinea's Minister of Commerce, Trade and Industry, Richard Maru, is predicting a lift in trade with New Zealand after meeting the New Zealand Foreign Minister, Murray McCully, this week.

Currently New Zealand sends 143 million US dollars of exports to PNG a year - mostly dairy products and lamb, while Papua New Guinea exports just six million dollars worth of products to this country.

Mr Maru is encouraging New Zealand businesses to invest more in agriculture, fishing and power generation.

He also wants more Papua New Guineans allowed to take part in the Recognised Seasonal Employer scheme.

At the moment just six Papua New Guineans have been recruited.

Mr Maru says to increase business activity between the two countries Mr McCully will lead a trade delegation to PNG at the end of this month.