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PNG Agency has developed a unique approach to improving social, humanitarian and economic interests in PNG. The Agency is a PNG national organization headed by ex-government officials with years of experience managing various national departments. Management is aligned with advisors with considerable experience working with international funding agencies for international investment.
Papua New Guinea currently receives annual donations from international funding agencies to pay for much of its government agencies and social programs. The people of PNG are more interested in foreign investment that creates jobs, companies and social programs that become self-sustaining. PNG Agency is creating a model whereby foreign investors and funding agencies participate in for-profit investment opportunities that will create long-term employment. Each of the projects supported by PNG Agency will allocate funds for social and humanitarian programs such as water treatment, education and training.
PNG Agency has set up a Trade and Information Office (TIO) in Port Morseby to support Papua New Guinea in the development and implementation of business development plans and strategies, to promote business opportunities in Papua New Guinea to North American companies and to actively foster strong relationships with North American governments and related agencies for funding and international trade.
The TIO will develop and disseminate a wide range of crucial information about Papua New Guinea business opportunities. It will also determine the requirements of such reports and develop the study details for funding proposals to North American and international funding agencies.
An affiliated TIO office has been established in Los Angeles, California USA to offer support to the TIO office in Papua New Guinea. The U.S.-based TIO office will facilitate communication and planning with U.S. fund managers and government agencies. The office will coordinate travel plans for PNG officials traveling to the U.S. as well as U.S. officials visiting PNG. The office will also attend trade shows and seminars related to U.S. export potential to the South Pacific and meet with companies seeking to improve trade relations with PNG.
The short-term objectives of the TIO are to raise the visibility of Papua New Guinea as an emerging, high growth marketplace, attract North American companies to do business in Papua New Guinea, and prove the viability of business conditions and opportunities in Papua New Guinea.
- Operate TIO offices in Papua New Guinea and the U.S.
- Operate as coordinator for visiting Papua New Guinea officials and dignitaries
- Plan, implement, and review bilateral business development strategies
- Establish relationship with the Center for International Development
- Provide support resources and programs to assist in Papua New Guinea business development
- Serve as a clearinghouse for Papua New Guinea projects, information, contracts, and contacts
- Develop contacts and build relationships with media and press in North America
- Inform & educate North American governments at all levels, trade and professional associations, industry groups, Private Voluntary Organizations, and specific companies regarding the opportunities for, and benefits of, doing business in Papua New Guinea
- Develop a source of qualified vendors and consultants for Papua New Guinea business development
Having established the visibility and viability of the Papua New Guinea market, the TIO will focus on expanding the services provided and continuing to aggressively position Papua New Guinea as a high growth market.
The TIO will be responsible for fostering import, export and investment in Papua New Guinea. The organization will focus on several areas, including:
- Rehabilitation projects (technology & training)
- Humanitarian aid and environmental projects
- Construction industry development
- Consumer goods
- Tourism
- Investment potential
- Joint venture development with US firms
- International projects funded by international development agencies
- US defense conversion companies
- North American business establishment on leased property
- Manufactured heavy equipment
- Agriculture / timber
- Fishing/fisheries
The TIO office will be create and manage an active marketing program to inform PNG interests of its activities and to attract U.S. investment for infrastructure projects and social programs within Papua New Guinea. Promotion and advertising efforts will include:
- Scheduled press releases
- Attendance at US trade shows, conferences, and association meetings
- Sponsorship of special events
- Announcements in association, business, and industry newsletters
- Media/press opportunities for dignitaries from Papua New Guinea
- Electronic TIO Newsletter to current and prospective vendors, partners, associations, and government agencies
- Advertising to target industries trade publications
The TIO will develop additional marketing programs and plans during its implementation phase.
The TIO will function as an information source for:
- Business development opportunities-planned and current projects
- Benefits of doing business in Papua New Guinea
- Special interest projects
- Traveling to Papua New Guinea
- Business development achievements
PNG Agency's management team brings extensive experience from a broad cross-section of industry domains. The Company is a consortium of PNG and Australian professionals with over 100 years of cumulative experience in government, forestry and land management. FPI management has successfully conducted business in PNG in areas such as oil & gas, project finance, pipeline logistics and agribusiness.
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