The US Embassy in Port Moresby has called the Department of International Trade and Investment expressing strong interest in working with the department to attract more foreign direct investment from the US to Papua New Guinea.
Chargé d’Affaires Joseph Zadrozny of the US Embassy in Port Moresby, said the US has expanded its presence in PNG with the construction of the new embassy with more staff and certainly wants to see more investment from the from the United States.
International Trade and Investment Minister Richard Maru told Zadrozny that the Marape-Rosso government’s two main priorities were improving internal security to make the place more attractive to investors, and second, trade and investment.
“We are setting up Special Economic Zones (SEZs) to particularly attract foreign investors, similar to all Asian Tiger Economies and their successes in using SEZs to achieve inclusive economic growth,” he said. -he declares.
“The particular sectors we are focusing on are agriculture – we want to process all our raw materials and replace all food imports, fisheries – we want to build the Pacific international maritime area and process all our fish ashore, and forestry – downstream processing. of all our newspapers.
Mr Maru said they are also considering having investors to build fish canneries in Madang and Manus and welcome all investors from manufacturing industry, private power plants, private education institutions and industry. other new and exciting investment opportunities across all sectors.
He assured Mr. Zadrozny that the department would do all it could to help genuine US investors who wanted to invest in some of PNG’s key sectors.