While the mineral and petroleum sectors have brought in substantial revenues for Papua New Guinea, the country still lags at the bottom of key development indicators. Private sector growth is minimal due to structural constraints and the overall entrepreneurial environment has also suffered from macroeconomic instability and low investment. Canada has a steady trade and investment relationship with PNG with potential for further growth in the Oil & Gas and Mining sectors. For Canadian companies looking to invest in the market, identifying and working closely with the right partner is crucial to achieving success. Whether an agent, distributor, wholesaler or retailer, exporters should do extensive due diligence around potential options before entering the country.
- Forestry (Lumber, Pulp & Paper)
- Mining & Metals
- Oil and Gas