Prime Minister James Marape, said the MOU is intended to provide a broad non-binding framework that captures the understanding of the PNG Government and CEAPNG with respect to cooperation in promoting and facilitating investment in specific economic sectors in PNG.
Marape said the MOU sets out the broad endeavours that the Government and CEAPNG each may perform in order to achieve the key objectives of the MOU.
The Prime Minister said specific projects that may arise out of the cooperation under this MOU will be subjected to the relevant laws.
