PNG and the United States of America are to sign the Trade and investment Framework Agreement (TIFA) which is close to being finalised, says US Ambassador.
The New York Convention is regarded as the most influential treaty in the area of international trade and international commercial arbitration.
PNG to call on EU for a review of the current interim Economic Partnership Agreement. PNG is ready to look into new investments, new industry developments, new commercial services, infrastructure for trade and increase volume of trade in goods.
Chinese President Xi Jinping called on the two sides to reach a consensus as soon as possible to start negotiations on a free trade agreement. Papua New Guinea was the first among Pacific island countries to sign a cooperation agreement on the Belt and Road.
The United Kingdom says it will honour the current Economic Partnership Agreements (EPA) with PNG and other ACP member states that have existing preferential trade relations with the European Union, after Brexit.
Samoa and Papua New Guinea will represent the Pacific at the Ministerial level central negotiating for the post-Cotonou agreement.
Papua New Guinea Prime Minister Peter O’Neill says he would like to explore the possibility of a free trade agreement between Fiji and PNG.
Papua New Guinea’s Prime Minister Peter O’Neill is arriving in China today for a week-long visit to strengthen ties with Beijing and to sign the controversial One Belt, One Road initiative.
The PNG government is doing some soul searching over whether to join the Pacer Plus free trade deal and potentially could sign up by the end of the year.
Papua New Guinea is believed to be on course to sign up to a Free Trade Agreement with China to promote bilateral cooperation and deepen cooperation in the ’One Belt, One Road’ initiative.
Fiji and Papua New Guinea have held talks with Britain to ensure trade isn’t disrupted post Brexit.
Papua New Guinea will sign the Melanesian Spearhead Group free trade agreement as soon as the leaders resolve some of the outstanding domestic trade-related issues.
The Papua New Guinea government’s fact-finding mission to India has resulted in the drafting of a Papua New Guinea-India economic partnership agreement.
PNG and Fiji’s unwillingness to participate demonstrates that the agreement is heavily skewed towards the interests of Australia and New Zealand.
Papua New Guinea has signed a series of infrastructure deals with China as part of Beijing’s One Belt, One Road initiative.
The fifth trade committee under the EU-Pacific states interim EPA brought together Papua New Guinea, Fiji, and the European Union. Solomon Islands and the Samoa were invited to participate as observers.
A new trade policy looks set to shift Papua New Guinea’s focus towards the development of bilateral ties and away from multinational agreements as part of broader efforts to create a more balanced trading environment.
The Minister for Industry, Trade, Tourism, Lands and Mineral Resources said the meeting involved discussions on the ‘way forward’ with the Melanesian Spearhead Group Trade Agreement.
Papua New Guinea is still realigning internal issues and is not ready to make commitments under Pacific Agreement on Closer Economic Relations Plus (Pacer-Plus) an official says.
PNG and Fiji’s rejection shows that the agreement is heavily skewed towards the interests of Australia and New Zealand - despite early rhetoric that the agreement was about development needs.