A networking luncheon to enhance bilateral trade relations between Fiji and Papua New Guinea was held today at Tanoa Plaza, Suva. Hosted by the Fiji-PNG Business Council, discussions focused on the idea of "Doing Business in PNG".
This initiative is in line with the councils' efforts to revive trade between the two economies and address or resolve obstacles that hinder growth. Given this objective, the council invited BSP Group CEO, Mr Robin Fleming who is based in PNG to attend as a guest speaker. As the largest bank in PNG and the South Pacific, the council has envisaged Mr Fleming's input to be insightful for members and others aspiring to do business in PNG.
The President of the Council, Mr. Kevin McCarthy says "the Council plans to host more of such networking functions to assist members with understanding Fiji-PNG business opportunities and capitalizing on them".
Recently, a Melanesian Spearhead Group Trade Agreement was signed to lay the foundation for preferential trade conditions between Fiji and Papua New Guinea. "We applaud the duty free access made possible through this MSG agreement and we are confident to see significant growth in this area," said Mr McCarthy.
Some challenges that are currently endured by Fiji & PNG trading partners include shipping, customs and quarantine. The Council comprising like-minded businesses with interest in PNG are committed to growing trade with PNG and vice versa.