Papua New Guinea
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Report by the WTO Secretariat
Papua New Guinea’s resource-rich economy remains heavily reliant on subsistence agriculture. Its average GDP per capita was just over US$1000 in 2007. PNG is heavily trade dependent (both on primary exports and manufactured imports including inputs) and vulnerable to world commodity price movements. Ranking 148th on the UNDP’s Human Development Index (a lowranked medium human development country) PNG has not met the Millennium Development Goals.
Preface
The Trade Policy Review Mechanism (TPRM) was first established on a trial basis by the GATT CONTRACTING PARTIES in April 1989. The Mechanism became a permanent feature of the World Trade Organization under the Marrakesh Agreement which established the WTO in January 1995.
Report by Papua New Guinea
Papua New Guinea (PNG) has been a member of the WTO since 1996 and this is the country’s third Trade Policy Review (TPR) the second having been completed in 2010–11. The country is a strong supporter of the rules-based international trading system which is of particular value to small economies that lack the administrative capacity to negotiate on trade-related matters simultaneously with their many trading partners. PNG does not yet have permanent representation in Geneva and is represented in WTO matters by the Geneva office of the Pacific Islands Forum Secretariat (PIFS) and by its Ambassador in Brussels.
Concluding Remarks by the Chairperson of The Trade Policy Review Body, H.E. Mr. Bozkurt Aran (Turkey) at The Trade Policy Review of Papua New Guinea 16 & amp; 18 November 2010
This second Trade Policy Review of Papua New Guinea has helped us improve our understanding of PNG’s recent achievements particularly as regards its trade and trade-related policies and the challenges faced. Our discussion has clearly benefited from the active participation of the PNG delegation led by Ambassador Peter Maginde as well as from the contribution of our discussant Mr. Atsuyuki OIKE Minister and Deputy Permanent Representative of Japan and Members’ interventions. PNG’s prompt response to the questions was very much appreciated.