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As we approach our 50th anniversary, it is imperative that we make a decisive change. Indonesia, our closest neighbour, has efficiently navigated this path and is now a formidable participant on the global stage. He revealed that two Indonesian companies have expressed curiosity in multi-billion kina rice and recycling projects in PNG, with proposals underneath Business News review for approval by the National Executive Council . “This marks the beginning of a brand new era for PNG as we shift our trade and investment focus to Indonesia,†Minister Maru concluded. Santos has announced the signing of a mid-term LNG provide contract with Glencore Singapore Pte Ltd .
The Indonesian Government has beneficial that PNG undertake an analogous approach and implement a ban on uncooked material exports. “Our government has already declared its intention to pursue downstream processing, and we do not have to reinvent the wheel. Indonesia is correct next door, able to share its expertise and supply support,†stated Minister Maru. He continued, “For practically 5 a long time, PNG’s engagement with Indonesia has largely centered on border and security talks, which haven’t resulted in improved border facilities, direct shipping hyperlinks, job creation, or important commerce between our international locations. It’s time for PNG to establish a sturdy trade and investment relationship with Indonesia, which has already mastered downstream processing and worth addition. “Under the Marape-Rosso Government, PNG should shift away from being a mere exporter of uncooked materials.