IPA: Compliance promotes conducive business environment

Complying with business regulations will have a positive impact on the business environment.

This is the message the Investment Promotion Authority (IPA) has been promoting in provinces throughout last year and will continue on into the new year.

Under its provincial outreach program, the IPA educates both the private and public sectors on the importance of complying with business regulatory requirements and the impacts it has on the growth of businesses in the provinces

The IPA  also hosted discussion on how stakeholders can work in partnership with the IPA in delivering services to create a conducive business environment.

The program involved a joint awareness with stakeholders such as Customs, Labour, Internal Revenue Commission (IRC), National Development Bank (NDB), National Fisheries Authority (NFA) and the respective Provincial Administrations, Governors’ Offices and Chambers of Commerce.

The program has identified four main cross cutting issues which were recommended to be jointly addressed by IPA and its stakeholders.

These included the need for MOUs to be established with provincial administrations to allow for consistency and streamlining of government services and the need for more awareness so people can be conscious

of compliance.

The recommendations from the program will be incorporated into the Authority’s work programs for 2017.

Outreach programs were conducted in the Autonomous Region of Bougainville, Milne Bay, Sandaun, Manus and West New Britain.

Author: 
Cedric Patjole