Export Markets In Europe
Papua New Guinea (PNG) exports a variety of goods to European countries, including oil, gold, copper, coffee, cocoa, and timber. The main markets for PNG’s exports in Europe are the United Kingdom, Netherlands, and Switzerland. PNG also imports a range of goods from European countries, including machinery, transport equipment, and manufactured goods. The main sources of PNG’s imports from Europe are Australia, Singapore, and the United States.
In addition to exporting and importing goods, PNG also has trade agreements with several European countries. For example, PNG is a member of the Melanesian Spearhead Group, which has a trade agreement with the European Union (EU) known as the “EU-Pacific ACP Trade and Development Cooperation Agreement.” This agreement provides for the gradual liberalization of trade between the EU and the Melanesian Spearhead Group, with the aim of promoting economic development and improving living standards in the region. You can find more information on trade between Papua New Guinea and European countries on the websites of the Papua New Guinea Department of Trade and Industry or the WTO.