Basic agreement on a bilateral investment treaty between Japan and Papua New Guinea
Ministry of Foreign Affairs | February 10, 2011
Basic Agreement on a Bilateral Investment Treaty between Japan and Papua New Guinea
1. On Thursday, February 10, 2011, Ms. Makiko Kikuta, Parliamentary Vice-Minister, who is visiting Papua New Guinea held a meeting with Hon. Don Polye, Minister for Foreign Affairs and Immigration and exchanged views for further strengthening the bilateral relationship between Japan and Papua New Guinea. On that occasion, they affirmed that Japan and Papua New Guinea have reached a basic agreement on a bilateral investment treaty between the two countries. They also agreed that both sides would continue to work for early signature of the treaty as well as its conclusion.
2. Papua New Guinea is rich in natural resources including liquid natural gas and is a leading country in the Pacific island region with the largest population and land size in the region.
3. The purpose of the bilateral investment treaty between Japan and Papua New Guinea is to enhance legal stability for investment. This treaty will contribute to promote investment between the two countries as well as people-to-people exchanges along with its investment and will further strengthen the economic relationship of the two countries.
