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More trade and education opportunities open up for Papua New Guinea (PNG) following APEC bilateral talks with Russia and South Korea leaders today in Port Moresby.
Prime Minister Peter O’Neill said Russia is willing to do more business with PNG, especially in the resource sector which is a good sign for the mining and petroleum industries.
In addition, Russia is willing to also give more opportunities for PNG students to study in Russia.
The PM also said that Russia is indicating to build an embassy in Port Moresby as well to enable more partnership between the two countries.
Meanwhile, in the meeting with South Korean President Moon Jae-in and the PM, O’Neill said both countries want to continue trade investments with positive talks to establish free trade between the two countries.
This trade deal is expected to be completed by 2019.
“That will open up business opportunities, markets,access to capital, access to skills and capacity that we don’t have in Papua New Guinea,”
said the Prime Minister.
O’Neill said the two bilateral meetings at the APEC Haus were fruitful and hopes for similar outcomes in the bilateral talks with other APEC member economies.