Thailand, Papua New Guinea foster trade, investment, education ties

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PORT MORESBY, March 25 – Thailand and Papua New Guinea today signed initial agreements on bilateral trade, investment and educational cooperation.

Thai Prime Minister Yingluck Shinawatra and her Papua New Guinea counterpart Peter O’Neil told a news conference that the two countries will work closely to boost investment in various fields including energy, infrastructure and tourism.

The two leaders witnessed the signing of two memorandums of understanding which will lead to future dialogues and technical cooperation.

Mr O’Neil reaffirmed his country’s strong interest in having Thai business investment in the South Pacific island country, especially in energy exploration and infrastructure development.

He urged Thailand to increase direct flights between Bangkok and Port Moresby and provide tourism expertise to his country.

He called for an annual Thai-Papua New Guinean meeting, and said he will make an official visit to Thailand soon.

Ms Yingluck said Thai business operators will be encouraged to invest more in the island nation, while experts in various fields will be assigned to help it develop.

The Thai premier is scheduled to return to Thailand today after having visited both New Zealand and Papua New Guinea for several days.