Papua New Guinea: Doing business & staying in touch
Doing business in Papua New Guinea
Business affairs tend to be conducted in a very informal fashion. A conventional suit will not be required - shirt and tie are sufficient.
Although Papua New Guinea has been described as 'a mountain of gold floating on a sea of oil', it is a poor country and most of the population is engaged in subsistence agriculture. However, it boasts the largest-known supply of low-grade copper, which accounts for much of its export earnings. Other deposits include gold, chromite, oil and natural gas.
Light industry has grown steadily, mostly to meet consumer demands. Papua New Guinea's attempts to develop a tourist industry have been undermined by poor infrastructure and past political instability. The country is also subject to extreme weather and natural phenomena, including drought, flooding and earthquakes.
Papua New Guinea belongs to the Asian Development Bank and the South Pacific Commission. It is still dependent on large amounts of aid from Australia.
Some hotels provide facilities.