Monday, 28 February 2011 8:52 AM

PNG and Solomon Islands Talk Business

A group of leading businessmen from Papua New Guinea is visiting Solomon Islands to discuss an investment plan for the future.

The 20 chief executives and senior officials from PNG companies are in the capital, Honiara, where they will also have talks with the government about improving opportunities for trade and investment for both Pacific nations.

Solomon Islands' High Commissioner to PNG, Bernard Bata'anisia, and Solomon Islands' Trade Commissioner in PNG, Kostas Constantinou accompanied the high powered delegation.

Mr Bata'anisia says the trip will provide an opportunity for discussions with government leaders and officials.

Permanent Secretary at the Ministry of Commerce, Baranabas Anga, said there are a few key areas they would propose to the investors for consideration, including agriculture, fisheries and mining.

In opening the Trade and Investment Talks Prime Minister Danny Philip calls on the Papua New Guinea (PNG) investors to assist his government in its decentralization policy.

Prime Minister Philip said one of his government's signature policies is the design and creation of economic growth centres in the rural areas.

"My government will involve cooperators of private sectors and stakeholders to establish economic growth centres in locations throughout the country," he said.

"The rational is to ensure there are meaningful and equitable developments spread throughout the nation."

"In realizing this policy, we are determined in our purposes in reviving processes and procedures for a reform and sustainable private sectors and government in Solomon Islands," Prime Minister Philip said.

PNG companies have so far invested close to SBD$840 million since 2006 and have created employment for at least 3,300 locals.

The two days investment seminar concluded on Saturday.

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