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Tuesday, August 19, 2008

Solomon delegation to PNG in an effort to promote investment opportunities

The Solomon Islands government, with the assistance of its High Commission Trade Commission office in Papua New Guinea, will be organising a one-week investment mission in Port Moresby, from Aug 25-29.

The visit will coincide with a one-day investment seminar to be held at the Crowne Plaza Hotel in Port Moresby on Aug 27.

Solomon Islands High Commissioner to Papua New Guinea, Bernard Bata’anisia, confirmed that the investment mission is to raise awareness in the PNG business sector on investment opportunities in Solomon Islands and will also advance trade and investment links between PNG and the Solomon Islands while taking advantage of the potentials under the MSG Trade Agreement.

The seminar will highlight the policies and incentives offered by the Solomon Islands government for foreign investors and the difficulties and challenges faced in investing in the country.

The role of the Regional Assistance Mission to Solomon Islands (RAMSI) in providing a safe and secure environment for business operation as well as the success of PNG companies already operating in Solomon Islands will also be discussed.

The delegation will be led by Commerce, Industries and Employment Minister Francis Billy Hilly and senior officials from the Foreign Investment Division and the Solomon Islands government.

High Commissioner Bernard Bata’anisia added that while in Port Moresby, the delegation is expected to visit the Minister of Commerce and Industry as well as the managing director of the Investment Promotion Authority of Papua New Guinea (IPA).

They will visit industrial sites in Port Moresby before they return to Solomon Islands.

Source: The National

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