27 Jun 2015

O'Neill says Melanesia will gain from PNG's economy

10:41 am on 27 June 2015

Papua New Guinea's prime minister, Peter O'Neill says the economic wealth and prosperity of Papua New Guinea must be shared, and benefit all Melanesian countries.

Solomon Islands Prime Minister Manasseh Sogavare and Peter O'Neill cut the ribbon to open the PNG Chancery

Solomon Islands Prime Minister Manasseh Sogavare and Peter O'Neill cut the ribbon to open the PNG Chancery Photo: RNZI/Richard Toke

Mr O'Neill was speaking when commissioning the Papua New Guinea chancery in Honiara, Solomon Islands.

He says PNG businesses are slowly spreading to the other Melanesian countries, not to be dominant, but to share their economic success by creating jobs and generating tax income for local governments.

Mr O'Neill says PNG's economy is growing at a rate of 9-percent for the past 10 to 14 years, and it will continue to grow at the same rate for the next 10 to 14 years time.

Peter O'Neill says PNG plans to open a chancery in Paris, and also one in Suva.