UK-Pacific States Free Trade Agreement (Solomon Islands,
Papua New Guinea, Samoa)
Melanesian Spearhead Group (MSG) Trade Agreement
Australia-Papua New Guinea Free Trade Agreement (PATCRA)
South Pacific Regional Trade and Economic Cooperation Agreement (SPARTECA)
ASEAN (observer)
WTO
GATS
Agreement on Sanitary Measures
Agreement on Technical Barriers to Trade
Agreement on Preshipment Inspection
Agreement on Safeguards
Trade Facilitation Agreement
WCO
Kyoto Convention
BIC (Containers)
Chicago Convention (ICAO)
International Maritime Organization
Istanbul Convention - not a member
Customs Convention on Containers - not a member
Asian Development Bank
ESCAP
Colombo Plan
PEEC
UN
WB
WTO
IMF
The Independent State of Papua New Guinea.
Papua New Guinean Population: 7 million people
Area of Papua New Guinea: 462,840 km²
of Papua New Guinea shares a border with Indonesia and Australia by sea
The capital of Papua New Guinea is Port Moresby (255,000
people)
English is the official language, while Tok Pisin and Motu are national languages
Over 800 different languages are spoken in Papua New Guinea
Independence of Papua New Guinea 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
Guinea
Main religion in Papua is Christianity: Catholicism (1.8 million) and Protestantism (3
million, 61% of the population, Methodists: 1
million).
In Papua New Guinea, there is a small community of Baha'i
Papua New Guinea belongs to the Economic Area of Oceania.
Papua New Guinean Economy.
33% of the Papua New Guinean population lives with less than USD 1.25 a day
85% of the population of Papua is related to the agriculture
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 New Guinea 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, China, Germany, the U.S., the UK, and Singapore
Top Papua New Guinean import partners are Australia, Japan, the U.S., Singapore, New Zealand, the UK, China, and Hong Kong
The Government of Papua New Guinea is promoting the foreign direct investment. The Investment Promotion Authority of Papua is the agency
focused on attracting new foreign investors to Papua New Guinea.
(c) EENI Global Business School (1995-2024)
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