Papua New Guinea
Filter :
Language
Publication date
Content type
Series
Authors
Report by the WTO Secretariat
This is the third Trade Policy Review of Papua New Guinea (PNG). Its macroeconomic performance has been broadly satisfactory with the economy growing at an annual average rate of 5.2% during 2010-18. Real GDP growth peaked at 15.4% in 2014 but decelerated to an estimated zero in 2018. The recent slowdown was attributed to low commodity prices a major drought in 2017 and a big earthquake in February 2018 which also weakened PNG’s external position and created fiscal challenges.
Concluding Remarks by the Chairperson of the Trade Policy Review Body, H.E. Mr. Manuel A.J. Teehankee of the Philippines at the Trade Policy Review of Papua New Guinea, 8 and 10 May 2019
This third Trade Policy Review of Papua New Guinea has offered us a good opportunity to deepen our understanding of recent developments in and challenges to its trade economic and investment policies. Our discussion has benefited from the active participation of the PNG delegation led by Ambassador Joshua Kalinoe as well as from the contribution of our discussant Ambassador Martins Kreitus Permanent Representative of Latvia to the WTO. I would also like to thank the 21 delegations that took the floor for their interventions.