• Industry

    Many emerging markets are working to build their manufacturing sectors to maximise the value of their natural resources. OBG provides an overview, highlighting key areas for investment. Typical industries covered include agro-food, automotive, petrochemicals, pharmaceuticals and textiles.
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Already major contributors to the nation’s revenue base, Papua New Guinea’s industry and manufacturing sectors hold significant potential for future investment and development. As such, the administration of Prime Minister James Marape remains devoted to a course that will encourage and protect businesses while working towards a reduction in the national import bill. This...

The imposition of import tariffs in Papua New Guinea in recent years has had a broadly positive effect on local industry, both in terms of encouraging capital investment by manufacturing companies and ensuring the survival of existing industrial firms. However, the policy has also caused some supply-side constraints and raised questions about the country’s attractiveness to...

In what ways do global commodity markets affect the development of mining in Papua New Guinea?

The mining industry is one of the main pillars of economic growth in Papua New Guinea. In 2017 the sector accounted for 29% of GDP and generated 86% of export revenue. Gold and copper account for the majority of mining export revenue, respectively comprising 76.8% and 13% of total sector exports in the first five months of 2019. The mining industry also remains an important...

The future of Wafi-Golpu, a major gold and copper mine in Morobe Province to be developed by South Africa-headquartered Harmony Gold and Australian-owned Newcrest, appears uncertain after the government of Papua New Guinea told investors it intends to seek further benefits. Sam Basil, the then-treasurer, announced in June 2019 that the negotiation with the two firms was on...

Chapter | Industry & Retail from The Report: Papua New Guinea 2019

Already major contributors to the nation’s revenue base, Papua New Guinea’s industry and manufacturing sectors hold significant potential for future investment and development. As such, the administration of Prime Minister James Marape remains devoted to a course that will encourage and protect businesses while working towards a reduction in the national import bill. This policy serves to both...