News 20 Nov 2018
APEC 2018 stands as the most successful major achievement for Papua New Guinea since independence, says PNG Prime Minister Peter O'Neill
The Prime Minister Peter O’Neill made these remarks yesterday on the eve of the departure of the 21-member nation leaders including those from the most powerful economies in the world.
He paid tribute to the nation and its people for the unprecedented support which has culminated in the signing of agreements for major development projects in PNG worth millions.
Mr O’Neill, as the host Prime Minister, chaired the historical global event which PNG hosted for the first time since becoming a member in 1984.
Over the last three days right through to the Leaders’ retreat yesterday, Mr O’Neill has had bilateral with all the 20 Economies, including Pacific Island leaders.
Despite the 21 member countries unable to agree on a leaders statement for the first time in the Summits history because of the spillover of trade war between China and United States of America, (see separate story) the two-day APEC Leaders’ Meeting has been very successful, with no major incidents reported.
“All the outcomes of the APEC Leaders resolutions have been endorsed by the leaders but because of tradition China and United States are arguing about Trade barriers, and that part of the agreement was excluded and agreed to continue discussions by the officials,” Mr O’Neill said.
“Otherwise, the Leaders’ Meeting was a huge success, they talked about continuing the growth of our economy well into the future because Asia Pacific must continue to become the engine room for global doors.
“We have signed agreements with our traditional development partners, whom we already have relations with, these are our traditional partners who are already helping us with programs in Papua New Guinea and we asked them to join us.
We have fostered relations with our non-traditional markets,” Mr O’Neill said. He said that the two-day Leaders Meeting, the bilateral and side meetings have been very successful and resulted in huge opportunity for PNG building strong relationship, boost trade, encourage investment and create more jobs in the country.
“Through this, we have also promoted our culture, our heritage and our economy to the world. This is now attracting new capital into the country. APEC involvement is an investment in our economy,” he said.