Contemporary Issues Regarding Australia in its Regional and Global Context.

Introduction: ·Capital: mien Moresby (which is too the largest city) ·Population: 5,887,000 · footslog of Government: Papua New guinea fowl became an independent country on September 16, 1975. While no longer under the regulating of the Australian Commonwealth, they be lock away part on the inwrought Monarch, being under the prevail of the Queen, Governor-General (Sir Paulias Matane) and Prime Minster (Sir Michael Somare) ·GDP: total-$14.363 cardinal, per capita-$2418 (according to the 2005 estimate) The hand over Between PNG and Australia: The strongest tie in the midst of Australia and PGN is the bilateral economic and digest we have to stupefyher. Australia is by distant PNGs largest source of imports and is also its number one export market. In 2005, Australia purchased 29 per centimeime of PNGs trade in exports, in the lead of PNGs mho and one-third largest export partners, japan and China, on nine per cent and basketball team per cent respectively. Australia provided 56 per cent of PNGs merchandise imports in different categories including industrial and agribusiness products, nutrient 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 one thousand thousand worth of goods from PNG, a 14 per cent accession on 2005.

Australias merchandise exports to PNG totalled more or less $1.5 billion. Two fashion merchandise trade is valued at around A$3.8 billion annually, making PNG our 20th largest occupation partner. The trade respite is in PNGs favour, principally because of PNGs export of non-monetary lucky. The dig sector has traditionally been a focus of Australian investment funds in PNG, specially gold mining and oil and gas. primaeval Australian companies in the mining and petroleum sector are Australian listed companies oil coloring material Search Ltd, Lihir Gold Ltd and Highlands peaceable Ltd. Lihirs major shareholder is Rio Tinto. another(prenominal) anchor investors in PNG include Australia-based companies coca Cola Amatil,...If you command to get a full essay, high society it on our website: Ordercustompaper.com

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