APBC President Eduard Alcordo recently congratulated the pioneering Philippines-Papua New Guinea Business Council (PH-PNGBC) and its officers while extending full support for the newly formed organisation under the leadership of PH-PNGBC Presdient Francis Ryan Nieva.
The launching and oath-taking of the officers of the business council was held on 16 November 2018 during the signing of the Memorandum of Agreement on Joint Rice Development Project between the Philippines and Papua New Guinea in Port Moresby. The oath-taking was conducted by Philippine Ambassador to Papua New Guinea Bienvenido Tejano and witnessed by Trade Secretary Ramon M. Lopez, other government officials and private sector representatives.
The launching of the business council is timely as both countries have also signed a Memorandum of Understanding (MOU) establishing the Joint Economic and Trade Committee (JETC) at the sidelines of the APEC Economic Leaders’ Meeting. The JETC is a formal consultation mechanism to discuss trade, investments, economic cooperation and other sectors or areas of mutual interests.
The business council, which has the mandate from the two governments, is envisioned to complement the initiatives pursued under the JETC. It also aims to strengthen the ties of the private sectors of both countries to work together to support the growing trade, investment and economic engagements between the Philippines and Papua New Guinea.
“The business council will work vigorously to represent private sector interests to ensure that its members can take advantage of the business opportunities between the two countries in the areas of trade, agriculture, fisheries, tourism, education, technical skills development, construction and other sectors,“ said Mr. Francis Ryan Nieva, president of the Philippines-Papua New Guinea Business Council.
“PH-PNGBC is also created not to duplicate the work of the existing PNG Trade & Commerce, Investment Promotion Authority and other institutions but will add a new level of creativity and initiative based on business acumen, experience and contacts of its members,” Nieva added.
The council will work closely with the Philippine Department of Trade and Industry, the PNG Trade and Commerce and the respective Embassies in coordinating collaborative efforts to ensure that the necessary support can be made available.
The council, which is open for membership to legitimate Filipino and Papua New Guinean businesses, will host seminars, conferences, trade and investment briefings, trade missions, matchmaking and networking events.
Philippine Department of Trade & Industry Sydney