Contemporary Issues Regarding Australia in its Regional and Global Context.

Introduction: ·Capital: Port Moresby (which is besides the largest city) ·Population: 5,887,000 · tear of Government: Papua New Guinea became an independent country on September 16, 1975. While no longer under the regularization of the Australian Commonwealth, they argon still part on the demand Monarch, being under the rule of the Queen, Governor-General (Sir Paulias Matane) and Prime Minster (Sir Michael Somare) ·GDP: total-$14.363 billion, per capita-$2418 (according to the 2005 estimate) The render Between PNG and Australia: The strongest tie between Australia and PGN is the bilateral economic and contempt we have together. Australia is by far PNGs largest source of imports and is also its number one export market. In 2005, Australia purchased 29 per penny of PNGs merchandise exports, in the lead of PNGs countenance and one-third largest export partners, Japan and China, on nine per penny and basketball team per cent respectively. Australia provi ded 56 per cent of PNGs merchandise imports in diverse categories including industrial and agribusiness products, diet and beverages and household wares. Australia is ahead of PNGs next largest import sources, capital of Singapore at 14 per cent and Japan at 4 per cent. In 2006 Australia import $2.3 billion worth of goods from PNG, a 14 per cent accession on 2005.

Australias merchandise exports to PNG totalled to the highest degree $1.5 billion. Two fashion merchandise trade is valued at around A$3.8 billion annually, making PNG our 20th largest handicraft partner. The trade respite is in PNGs favour, principally because of PNGs export of non-monetary gold. The mining! sector has traditionally been a focus of Australian investment funds in PNG, specially gold mining and oil and gas. tell Australian companies in the mining and petroleum sector are Australian listed companies oil colour Search Ltd, Lihir Gold Ltd and Highlands Pacific Ltd. Lihirs major shareholder is Rio Tinto. another(prenominal) key investors in PNG include Australia-based companies coca Cola Amatil,...If you command to get a full essay, come in it on our website: BestEssayCheap.com

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