The proposed law states that all provincial contracts worth K10 million or less must be reserved for Papua New Guinea businesses.
Any project over K10 million is an open market for foreign owned companies and PNG SMEs or companies.
The Constitutional Law Reform Commission is pushing for the changes in the SME Policy in a bid to legally protect and boost the SME sector in PNG.
There is also a push to introduce a legal framework for Papua New Guineans to get engaged in and operate franchises of international brands.
