PNG poised to host APEC: PM

The Asia-Pacific Economic Cooperation (APEC) Summit in November this year will showcase PNG to the rest of the world.

Prime Minister Peter O’Neill, during a walk-through inspection of the iconic APEC Haus in Port Moresby, said the country is confident and looking forward to host the Summit.

Accompanied by APEC Minister Justin Tkatchenko and other APEC Authority delegates, Prime Minister is pleased with the progress of the APEC Haus.

He said hosting of the APEC Summit will be a historic moment for the country as it will be our first time to host such big event.

“Our country have never hosted any APEC meetings so this is our turn to showcase our country to the rest of the world through the summit.

“We cannot be just an observer but to stand up and host the meeting after becoming a member 20 years ago.”

He added that the meetings will have global impacts with the investors having confidence in our country.

“Many investors will be investing in our country after the APEC Summit.

“This will be our chance in taking part in such investment and embrace the Government in hosting the Summit,” says O’Neill.

O’Neill further reiterated that the Government will only be spending less than K500 million to host the APEC and not billions, as speculated by critics.

“We all know that we don’t have billions of kina to host such an event.

“The Government under my leadership will only be spending less than K500m to host the APEC Summit in November 2018.”

Freddy Mou