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“Our government has already declared its intention to pursue downstream processing, and we don’t have to reinvent the wheel. Indonesia is true next door, ready to share its experience and supply support,†said Minister Maru. He continued, “For almost five a long time, PNG’s engagement with Indonesia has largely centered on border and security talks, which have not resulted in improved border facilities, direct transport hyperlinks, job creation, or significant trade between our international locations.
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Indonesia, our closest neighbour, has successfully navigated this path and is now a formidable participant on the worldwide stage. He revealed that two Indonesian firms have expressed interest in multi-billion kina rice and recycling initiatives in PNG, with proposals underneath review for approval by the National Executive Council . “This marks the start of a new period for PNG as we shift our commerce and investment focus to Indonesia,†Minister Maru concluded. The Bank of Papua New Guinea formally launched the Kina and Toea Exhibition, a display celebrating the nation’s rich economic history and the fiftieth anniversary of Papua New Guinea’s currency. This occasion, held as a half of the Bank’s 50th anniversary celebrations, coincides with the upcoming 50th anniversary of PNG’s independence in 2025.