The Report: Papua New Guinea 2016

Download or read book The Report: Papua New Guinea 2016 written by Oxford Business Group and published by Oxford Business Group. This book was released on 2016-09-19 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: In terms of investment, Papua New Guinea’s geographic location, geopolitical importance and abundance of commodities, as well as the success of the PNG Liquefied Natural Gas project, have helped it become a favoured destination for Chinese and Japanese ventures, with expectations of further foreign direct investment (FDI) going forward, particularly in the primary sector. However, PNG remains a challenging place for international participants, and while high-level, strategically important projects are likely to proceed smoothly, smaller, more entrepreneurial ventures may face difficulty. To improve this reputation the country is trying to boost transparency and efficiency in business transactions, though new initiatives under way could see it adopt more protectionist policies, thereby going against the tenets of liberal economics it has traditionally embraced.