P111 - SAMOA (PNG)
Participation in the PNG-EU Business and Investment conference 2019-2020
BENEFICIARIES
SAMOA
Government officials and business communities
PROJECT COVERAGE
The overall objective of the support project was to stimulate more direct trade and investment by European businesses and the beneficial integration of Papua New Guinea+4 into the regional and global economy and, thereby, contribute to sustainable economic development and poverty reduction.
Two-fold purposes: To strengthen business and investment ties between the EU and PNG; and to provide adequate information on key commercial and investment sectors in PNG to European business operators in the Pacific region and to raise Businesses’ awareness and ownership of the benefits of the EPA between the EU and PNG.
Five-fold Project outputs:
- PNG and EU business exchange promoted;
- Good practices for entering the PNG market are shared and challenges are identified;
- Sectoral business intelligence, final report and assessment of way forward completed;
- Businesses are aware of the EPA benefits and challenges and
- Businesses’ interest to exploit EPA benefits beyond fisheries.
Intervention areas:
- PNG-EU business conference;
- Investment climate;
- EPA;
- Fisheries;
- Competitiveness.
RESULTS ACHIEVED
Purpose 1: To strengthen business and investment ties between the EU and PNG;
- Bring together potential business partners from PNG & PNG authorities with representatives of EU companies and EU member states’ commercial councillors
- PNG and EU business exchange promoted
Purpose 2: To provide adequate information on key commercial and investment sectors in PNG to European business operators in the Pacific region;
- Good practices for entering the PNG market are shared and challenges are identified;
- Sectoral business intelligence, final report and assessment of way forward completed.
Purpose 3: To raise Businesses’ awareness and ownership of the benefits of the EPA between the EU and PNG.
- Businesses are aware of the EPA benefits and challenges;
- Businesses’ interest to exploit EPA benefits beyond fisheries.
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