13 Apr 2011

PNG companies urged to look at NZ as an export market

10:54 am on 13 April 2011

Papua New Guinea companies have been urged to consider exporting to New Zealand to help diversify external markets.

The National newspaper reports that PNG's foreign affairs Minister Don Polye made the comment while welcoming a 23-member trade delegation from New Zealand.

Mr Polye says PNG firms should also consider importing from New Zealand because it produces reputable brands that meet international standards.

He told delegates PNG has huge potential in the areas of development and extraction which New Zealand could tap into with appropriate capital investment.

The paper says statistics show New Zealand exports to PNG amounted to about 79 million US dollars per year between 2002 and 2007, but the country does not buy a lot from PNG.