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Welcome to our website
The Department of Commerce & Industry is the leading Government Agency mandated to promote commercial and industrial development and growth in Papua New Guinea. It is a central policy agency that maintains linkages with the private sector, national and international organisations involved in the development of trade, commerce, industry and investment. It is also the key agency for the formulation, co-ordination, execution and evaluation of numerous national policies that have been framed by successive governments to promote an industrial and commercial base for Papua New Guinea. The Ministry of Commerce and Industry has set up Commercial Statutory Authorities (CSAs) to achieve the aim of promoting investment, commerce and industrial growth. The CSAs' were established under respective Acts of Parliament whose major roles are to implement policies related to industrial and commercial development. These authorities under the broad institutional framework of the Ministry of Commerce and Industry are:
These Commercial Statutory Authorities work closely with the Department of Commerce and Industry to stimulate and promote sustainable socio-economic development through investment and industrial activities for the benefits of all Papuan New Guineans. Generally, the Department is responsible for policy formulation and monitoring while actual programme development and implementation is carried out by Statutory Authorities within the Ministry. The Ministry is also part of the global business community through its participation in a host of international groups, which aim to promote economic and industrial growth amongst member countries. Increasing International Agreements are being signed and relationships created to strengthen Papua New Guinea’s trade ties with the world and regional bodies which include APEC, WTO, PIF, MSG, UNCTAD, FAO, COTONOU, CFTC, ILO, ESCAP, UNDP, JICA, SPC, EU, IMF, World Bank and other subsidiary arrangements arising out of these agreements including Memorandum of Understandings and Bilateral Trade Agreements.
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Copyright © 2007 Papua New Guinea Department of Commerce & Industry. Last modified: 10/03/07 |
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