China vows to buy more PNG produce
by PNG Business News - November 27, 2022
Photo: PM Marape and Chinese President Xi Jinping before their bilateral meeting in Bangkok, Thailand, on the sidelines of APEC 2022.
Prime Minister Hon. James Marape says Chinese President Xi Jinping has given him an undertaking to buy more or all that Papua New Guinea produces.
The undertaking was made during a bilateral meeting between President Xi and PM Marape on the sidelines of APEC 2022 in Bangkok, Thailand (Friday, November 18, 2022), where PM Marape said that it was no longer aid or grant that was in the forefront of his agenda but trade, commerce and more business between both countries.
PM Marape said after the meeting that the onus was now on Papua New Guinea to start increasing production in agriculture, forestry, fisheries, mining, oil and gas, and other areas like tourism to supply the very big Chinese market.
He was accompanied by International Trade and Investment Minister Hon. Richard Maru, Foreign Affairs Minister Hon. Justin Tkatchenko and Secretary Elias Wohengu, PNG Ambassador responsible for Thailand H.E. Peter Vincent, as well as senior Government officials.
“The meeting with President Xi Jinping went very well,” PM Marape said.
“I congratulated him on his re-election and mentioned that we look forward to entrenching China-PNG relations, especially in the area of trade and commerce.
“President Xi also congratulated me on my re-election as Prime Minister of PNG,
“We agreed that a Free Trade Agreement must be concluded at the very earliest that would secure both nation’s interest so that trade and commerce happens within this realm.
“President Xi invited me for a State Visit to China next year during which time we hope to sign the Free Trade Agreement.
“He supported PNG’s move into downstream processing of our natural resources at our Special Economic Zones and said the Chinese market was ‘endless’ for PNG products.
“The Chinese President said he supported PNG’s move into downstream processing and would get Chinese companies to invest in this space.
“President Xi supported my idea to have direct flights between Shanghai and Port Moresby, which will complement our plan to increase business opportunities between our two countries, as well as people-to-people relationships.
“There over 100 million tourists leaving China every year and direct flights to Shanghai from Port Moresby can target this market.”
PM Marape thanked President Xi and the Chinese Government for continued support to PNG over the last 47 years and pledged continued partnership going forward into the future.
PNG Business News - November 15, 2021
PNG, China Hastens Deal
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PNG Business News - November 18, 2021
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PNG Business News - June 07, 2021
New Chinese Ambassador Begins PNG Position
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PNG Business News - June 05, 2023
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PNG Business News - June 05, 2023
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PNG Business News - June 05, 2023
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