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“Our government has already declared its intention to pursue downstream processing, and we do not have to reinvent the wheel. Indonesia is true next door, able to share its experience and supply assist,” said Minister Maru. He continued, “For nearly five many years, PNG’s engagement with Indonesia has largely focused on border and security talks, which have not resulted in improved border facilities, direct shipping hyperlinks, job creation, or significant commerce 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 global stage. He revealed that two Indonesian companies have expressed curiosity in multi-billion kina rice and recycling tasks in PNG, with proposals beneath 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 officially launched the Kina and Toea Exhibition, a show celebrating the nation’s wealthy financial history and the 50th anniversary of Papua New Guinea’s foreign money. This occasion, held as a half of the Bank’s fiftieth anniversary celebrations, coincides with the upcoming fiftieth anniversary of PNG’s independence in 2025.
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