1 Aug 2013

PNG seeks to address trade imbalance with Solomons

7:37 pm on 1 August 2013

The Papua New Guinea trade minister, Richard Maru, says he's confident the trade imbalance with Solomon Islands, which is significantly in PNG's favour, can be improved if there is investment in growing the market.

Mr Maru is leading a 100-strong trade delegation at the Solomon Islands trade and investment seminar in Honiara..

He says they want to market PNG as an attractive investment destination for Solomon Islands businesses and to seek opportunities in the Solomons.

Mr Maru says they also want to see what PNG products might find a market in Solomon Islands under the MSG Trade Agreement, while some of the duty free market arrangements under the deal need sorting.

He says they also want to make available the services of the PNG government and private sector in areas such business management, construction and education.

The executive of the Solomon Islands Chamber of Commerce and Industry, Jerry Tengemoana, says the mission gives local business leaders a chance to keep abreast of the changing economic times