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According to the Investment Promotion Authority of Papua New Guinea the major economic sectors are agriculture and livestock, forestry, mining and petroleum, tourism and hospitality, fisheries and marine resources, manufacturing, retailing and wholesaling, building and construction, transport and telecommunications, and finance and business trade. [24]
Papua New Guinea [note 1] [13] [note 2] is a country in Oceania that comprises the eastern half of the island of New Guinea and offshore islands in Melanesia, a region of the southwestern Pacific Ocean north of Australia. It has a land border with Indonesia to the west and neighbours Australia to the south and the Solomon Islands to the east.
Copra plantations in New Guinea have been cultivated since the late 19th century, originally by German colonialists. They were continued by Australian interests following World War I. Copra is the fourth most significant agriculture cash crop of PNG. An estimated 2.6 million people are engaged in coconut activities in PNG to either generate ...
The indigenous peoples of Western New Guinea in Indonesia and Papua New Guinea, commonly called Papuans, [1] are Melanesians.There is genetic evidence for two major historical lineages in New Guinea and neighboring islands: a first wave from the Malay Archipelago perhaps 50,000 years ago when New Guinea and Australia were a single landmass called Sahul and, much later, a wave of Austronesian ...
Papua New Guinea has the largest fishery zone in the South Pacific with a zone of 2.4 million square kilometers. [9] [13] Papua New Guinea harvests and exports 14% of the worlds tuna supply, owing in part to agreements with the EU that allow duty free exports. [13] Tuna accounts for 99% of Papua New Guinea's total fish related exports. [13]
The prehistory of Papua New Guinea can be traced to about 50,000–60,000 years ago, when people first migrated towards the Australian continent.The written history began when European navigators first sighted New Guinea in the early part of the 17th century.
In Fiji and Papua New Guinea, for instance, there is a need to adopt automated machinery and design in forestry and to improve training, in order to add value to exports. [1] Papua New Guinea experienced the strongest economic growth between 2005 and 2013 (60%), during the commodities boom.
Papua New Guinea is accredited to Canada from its embassy in Washington, D.C., United States. [62] China: 12 October 1976: See China–Papua New Guinea relations. The Independent State of Papua New Guinea and the People's Republic of China (PRC) established official diplomatic relations in 1976, soon after Papua New Guinea became independent.