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ARTICLE · 20 NOVEMBER 2019

Positive Developments For Foreign Investment In Papua New Guinea

Canada enjoys a friendly and steady trade relationship with Papua New Guinea (PNG) and has more ties with PNG than with most other Pacific Island nations.

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Canada enjoys a friendly and steady trade relationship with Papua New Guinea (PNG) and has more ties with PNG than with most other Pacific Island nations. Although there is limited publicly available data on Canadian foreign direct investment (FDI) in PNG, reports indicate total Canadian FDI in PNG reached approximately $272 million in 2018, much of which was in mining. 1

PNG has considerable subsurface resources, including gold, silver, copper, nickel, petroleum and natural gas, and Canada is home to almost half of the world's publicly listed mining and exploration companies. Around 700 of these companies are currently active in over 100 countries, including in PNG. The total value of Canadian mining assets abroad amounted to $169 billion in 2017. 2 Over the past year, there have been a number of legislative changes in PNG that may benefit or further incentivize Canadian investment in PNG. This update tracks these local PNG developments.

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