PNG reaffirms commitment to stronger ties with partners
Papua New Guinea has restated its commitment to constructive international engagement and mutually beneficial partnerships during the fifth Papua New Guinean-European Business Forum last week. Foreign Affairs Minister Justin Tkatchenko told delegates that PNG values responsible foreign investment which respects national laws, protects the environment, supports local employment, builds capacity, transfers technology and skills, and contributes to long-term development aspirati
During the recent fifth Papua New Guinean-European Business Forum, the government of Papua New Guinea emphasized its dedication to fostering positive international relationships. Foreign Affairs Minister Justin Tkatchenko highlighted the nation's openness to foreign investment, provided that such ventures align with domestic development goals. The minister stressed that any international partnership must prioritize environmental protection, legal compliance, and the creation of local job opportunities. Furthermore, the government aims to ensure that foreign business activities actively contribute to skill development and technology transfer within the country. This strategic approach is intended to support the long-term economic aspirations of Papua New Guinea while maintaining mutually beneficial ties with global partners.
The statement clarifies Papua New Guinea's regulatory expectations for foreign investors and signals its intent to balance international economic cooperation with national sovereignty and sustainable development.
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