PNG's High Profile Business delegation off to the Solomon Islands.

Papua New Guinea is yet again leading a major business delegation overseas as it looks to increase trade with its neighbouring countries.

This time to the Solomon Islands, where it's expected to hold a four-day trade fair in the capital, Honiara, from the 31st of this month to the 3rd of August.

Currently, PNG dominates 90 percent of businesses in the Solomon Islands.

Minister for Trade, Commerce and Industry, Richard Maru, who's leading the delegation told the media recently, that PNG now faces a stiff competition from Fiji, with the opening up of the Melanesian Spearhead Group Free Trade bloc.

Mr. Maru said, if PNG is not careful, Fiji will take over the Solomon Islands market which has been entrenched by PNG for so many years.

He said the trade fair is a way of making its presence felt in the Solomon Islands.The Minister had also led a similar mission to the Malaysian SME Expo, where hundreds of small to medium entrepreneurs came back satisfied.

Mr. Maru says the purpose of these trips is to develop and encourage business relationships between the private sectors of respective nations and to expose and expand PNG businesses to other neighbouring countries.

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