PNG, China Sign ‘Strategic Partnership Of Mutual Co-Operation And Development’

Various projects to improve economic, trade relationship

By Gorethy Kenneth

PORT MORESBY, Papua New Guinea (PNG Post-Courier, July 8, 2016) – Last night Papua New Guinea and China signed off on three major project agreements with PNG requesting that China expand its import of liquefied natural gas from PNG when the Papua LNG Project is completed.

Mr O’Neill also sought greater access to the Chinese market for PNG agricultural products.

He said that he was pleased with the outcome of the meeting that also saw a number agreements and memorandums of understanding signed between the two governments that will enhance relations. Agreements included:

  • Lae tidal basin west side development project;
  • Lae tidal basin industrial development project;
  • Air services agreement;
  • Reconstruction and upgrade of the four-lane highway from Keltiga junction to Kagamuga Airport.
  • PNG national submarine fibre cable network project agreement;
  • PNG-China free trade joint feasibility study agreement; and
  • framework agreement on industrial capacity development.

Mr O’Neill said that PNG’s relationship with China is becoming more important in terms of the country’s economic and social development. "The Papua New Guinea Government will continue to strengthen our relationship with the Chinese Government and the people of China," Mr O’Neill said.

"We have now agreed to elevate our relationship through the signing of a strategic partnership of mutual co-operation and development.

"Working at a strategic partner level will bring about greater people-to-people engagement between businesses from Papua New Guinea and China.

"This means more trade and greater opportunities for the export of Papua New Guinea products," he said.

PNG Post-Courier
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