Apr.2023 20
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The huge potentials in strengthening mutually beneficial cooperation. Walk into the Tsingtao Beer Museum and experience the century-old history of Tsingtao Brewery
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April 19th, 2023, the former Prime Minister of Papua New Guinea O'Neill visited Tsingtao Brewery,& Qingdao beer Museum,

interviewed with leaders of Qingdao China Foreign Affairs Office and other leaders;

 

listened to the current situation of Tsingtao Brewery's business development, and discussed with Qingdao Baixi Industrial about the implementation and improvement of the beer packaging project.

Many potential business cooperation opportunities. Thanks Prime Minister O'Neill for your message and best wishes to Tsingtao Brewery and Baixi Industry,

and look forward to continuing to work hand in hand with China in the future development.

Prime Minister O'Neill said:

Economic and trade relations between China and Papua New Guinea will enter a period of vigorous development

Over the years, China and Papua New Guinea have enjoyed friendly political relations and established a strategic partnership of "mutual respect and common development".

The economic and trade cooperation between the two countries has developed smoothly.

China is committed to supporting Papua New Guinea's economic and social development, and has provided Papua New Guinea

with assistance within its capacity in areas such as infrastructure construction, agriculture, and medical care.

The two governments signed a memorandum of understanding on jointly promoting the construction of the "Belt and Road",

and Papua New Guinea became the first country in the Pacific island region to join the "Belt and Road" initiative.

 

The Papua New Guinea market is characterized by low barriers to entry and difficulty in gaining a firm foothold;

there are comprehensive laws and regulations, and human relations are the way to handle things.

This requires Chinese companies to have strategic patience in developing the PNG market.

They must first send people to PNG to "diving" to gain a deep understanding of PNG's national conditions,

social relations and business characteristics, and create conditions for solid and effective market development.

They should not rush for success.Although the Papua New Guinea market has huge potential, the potential is gradually released.

 

Focusing on the actual situation in Papua New Guinea, it is hoped that Chinese enterprises will strengthen coordination, pay attention to seeking 

 

cooperation in competition, and actively discuss dislocation investment, industrial chain cluster investment,

and focus on investment opportunities outside the capital to achieve common development.

The Economic and Commercial Counsellor's Office of the Chinese Embassy in Papua New Guinea will provide full support for Chinese enterprises to invest and start business in Papua New Guinea!

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