PNG rejects Placer Plus – Prime Minister Peter O’Neill
“This past year has seen much work put into concluding trade deals such as PACER Plus.
This will be finalised shortly.
As you are aware, Papua New Guinea will not be a part of that arrangement.
This is a decision that has come about after careful analysis and consideration.
Considering the size and structure of our economy would see a net loss PNG through PACER PLUS.
But I know very well th
at PACER PLUS will be a strong bonus to many of the economies in the region.
It will help to further improve the lives of people in many Pacific island communities.
That is why it is important that we must conclude this arrangement as soon as possible. “- Prime Minister Peter O’Neill