PNG has trade investment opportunities in infrastructure, telecommunications, mining, oil and gas, and agriculture. Private sector growth is minimal due to structural constraints and the overall entrepreneurial environment has suffered from macroeconomic instability and low investment. PNG has “double tax treaties” with multiple countries including Canada, and the country has been a member of OECD since 2016. Canadian companies must first register under the Companies Act before they can operate within PNG or they can incorporate as a new company. Exporters should do extensive due diligence around potential options before entering the country.
- Aerospace
- Agriculture
- Fisheries
- Forestry (Lumber, Pulp & Paper)
- Mining & Metals
- Oil and Gas