Doing Business in Papua New Guinea
EENI - Business School.
Subject (Course): International Trade and Business in Papua New Guinea.
Port Moresby. Syllabus:
- Introduction to the Independent State of Papua New Guinea (Oceania)
- The Economy of Papua New Guinea (PNG).
- International Trade of PNG.
- Doing Business in Port Moresby
- Foreign Direct Investment (FDI).
- Business Opportunities in Papua New Guinea.
- Case Study: Telikom Papua.
- Access to the market of Papua
- Business Plan for Papua
Objectives of the subject “Doing Business in the Independent State of Papua New Guinea”:
- To analyse the Papua New Guinean economy and foreign trade
- To evaluate business opportunities in the Independent State of Papua New
- To explore Papua New Guinea's trade relations with the student's country
- To know Papua New Guinea's Free Trade Agreements (FTAs)
- To examine the profile of Papua New Guinean Companies
- To develop a business plan for the Papua New Guinean Market
Sample of the subject - Doing Business in Papua New Guinea:
Subject Description: Foreign Trade and Business in Papua New Guinea.
The Independent State of Papua New Guinea.
- Papua New Guinean Population: 7 millions of people.
- Area of Papua is 462,840 square kilometres
- Papua shares a border with Indonesia and Australia by sea.
- The capital of Papua New Guinea is Port Moresby (255,000
- English is the official language, while the Tok Pisin and Motu are national languages.
- Over 800 different languages are spoken in Papua New Guinea.
- Independence from Australia: 1975.
- Papua New Guinea is a Parliamentary Constitutional Monarchy; the Queen Elizabeth II is the Head of the Independent State of Papua New
- The main religion in Papua is Christianity: Catholicism (1.8 million) and Protestantism (3
million, 61% of the population, Methodists: 1
- In Papua, there is a small community of Baha'i
- Papua New Guinea belongs to the Economic Area of Oceania of the Western Christian Civilisation
Papua New Guinean Economy.
Papua: a decade of uninterrupted economic growth.
- 33% of the Papua New Guinean population lives with less than 1.25 USD a day
- 85% of the population of Papua is related and living from
- The main economic sectors of the Independent State of Papua New Guinea are agriculture, livestock, forestry, mining, Petrol, tourism, hospitality, fisheries, marine resources, manufacturing, retailing and wholesaling, building and construction, international transport, telecommunications, international finance, and trade.
- Papua has huge natural resources (petroleum, copper, and gold)
- The currency of Papua is the Kina (PGK)
International Trade of Papua New Guinea.
- 80% of the exports of Papua are composed of three commodities:
petroleum, copper, and gold.
- Top exports of Papua
New Guinea are gold, silver, copper, crude oil, logs, timber, coffee, palm oil, cocoa, and copra
- Top export markets of Papua New Guinea are Australia, Japan, South Korea, the People's Republic of China, Germany, the United States, the United Kingdom, and Singapore.
- Top Papua New Guinean import partners are Australia, Japan, the United States, Singapore, New Zealand, the United Kingdom, the People's Republic of China, and Hong Kong.
The Government of Papua New Guinea is promoting Foreign direct investment (FDI). The Investment Promotion Authority of Papua is the agency centred on attracting new foreign investors to Papua New Guinea.
Papua New Guinea's Market Access and Free Trade Agreements:
- Asia-Pacific Economic Cooperation (APEC)
- Pacific Islands Forum (PIF)
- Pacific Island Countries Trade Agreement (PICTA). PICTA Trade in Services Protocol
- Oceania Customs Organisation (OCO)
The Independent State of Papua New Guinea is a member of:
- Association of South-East Asian Nations (observer)
- International Monetary Fund (IMF)
- United Nations (UN)
- Conference on Trade and Development
- World Trade Organisation (WTO)
- Asian Development Bank
- Economic and Social Commission for Asia and the Pacific (ESCAP)
- Colombo Plan
- Pacific Economic