China-PNG Joint Economic and Trade Committee Meeting held

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Wang Shouwen, Deputy Minister of Commerce and Deputy Representative of International Trade Negotiations, presided over the First China-Papua New Guinea Intergovernmental Joint Committee.

The first China-Papua New Guinea Joint Economic and Trade Committee was held in the form of a video conference on the 6th of August. Wang Shouwen, Vice Minister of Commerce and Deputy Representative of International Trade Negotiations, Deputy Secretary Policy of Department of Foreign Affairs and International Trade Joseph Varo, Ambassador to PNG Xue Bing, Papua New Guinea Embassy Chargé d’Affaires in China Su Mare, Eastern Highlands Governor Hon. Peter Numu, and representatives of Fujian, Guangdong and Shenzhen attended the meeting.

The China-Papua New Guinea Joint Economic and Trade Committee is one of the important economic and trade achievements of President Xi Jinping’s visit to Papua New Guinea in November 2018. This session of the Joint Committee is the first economic and trade mechanism meeting between China and Oceania countries since the outbreak of the COVID-19 epidemic.

Papua New Guinea is China’s largest economic and trade partner in the Pacific Islands region, and it is also the first country in the region to sign a memorandum of understanding and cooperation plan for jointly building the “Belt and Road” with China. Local economic and trade cooperation between the two countries is on the increase. China looking to strengthen pragmatic cooperation in various fields with Papua New Guinea and promote economic and trade relations to a new level to benefit the two nations.

Mr Varo said that the holding of the first joint economic and trade committee between the two countries in a special period is of great significance, reflecting the confidence and determination of both sides to jointly respond to new challenges, take a long-term view, and deepen mutually beneficial economic and trade cooperation.

The two sides agreed to continue to strengthen international cooperation in the fight against the epidemic, deepen the integration of the “Belt and Road” initiative with PNG’s major strategies, of the free trade zone between the two countries, deepen trade and investment cooperation, expand economic and technological cooperation, and promote pragmatic local cooperation.

As part of the outcomes of the meeting, the two parties jointly witnessed the signing of the Chinese Government’s aid to PNG’s fight against COVID-19, Fujian Province assistance the East Highlands Province for the fourth phase of the Juncao upland rice technology project, and announced the completion of the Papua New Guinea national submarine optical cable project supported by Chinese funds.

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