| Why Invest in Papua New Guinea |
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* Abundant Natural Resources Papua New Guinea is rich with natural resource. Its economy is distinctively dualistic – a modern economy based on mining (gold, silver, copper, Nickel) and petroleum and natural gas production, and a traditional economy based on fishing, forestry, coffee, palm oil, copra, cocoa and vanilla which provides livelihood for 85% of the rural population.With such abundance of resources, Papua New Guinea is among the top of the world’s investment destination.
* Strong Economic Growth In 2010 Papua New Guinea realized a real GDP growth of 7.1% which substantially is above world’s average growth rate of 4%.Papua New Guinea’s economy has experienced a steady growth since 2003 which was attributed to an environment of political stability unprecedented since independence in 1975.It has enjoyed this strong economic growth benefiting from half a decade of favorable global economic conditions with strong and sustained world growth.
* Liberal Investment Environment PNG aspires for an investment regime that is transparent and compatible with international best practice which is conducive for Foreign Investment.It promotes a liberal investment environment, which welcomes Foreign Investment in any sector. Papua New Guinea is continuously embarking on creating a conducive environment by undertaking major reforms. The current investment condition is also comparable as any conducive investment environment in the world.
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