Contemporary Issues Regarding Australia in its Regional and Global Context.

Introduction: ·Capital: Port Moresby (which is besides the largest city) ·Population: 5,887,000 · axial rotation of Government: Papua New Guinea became an independent country on September 16, 1975. While no longer under the rule of the Australian Commonwealth, they ar still part on the indispensable Monarch, being under the rule of the Queen, Governor-General (Sir Paulias Matane) and Prime Minster (Sir Michael Somare) ·GDP: total-$14.363 billion, per capita-$2418 (according to the 2005 estimate) The parentage Between PNG and Australia: The strongest tie between Australia and PGN is the bilateral economic and affirm we have together. Australia is by far PNGs largest source of imports and is also its number one export market. In 2005, Australia purchased 29 per centimeime of PNGs merchandise exports, in the lead of PNGs blink of an eye and one-third largest export partners, Japan and China, on nine per cent and basketball team per cent respectively. Australia provided 56 per cent of PNGs merchandise imports in diverse categories including industrial and agribusiness products, sustenance and beverages and household wares. Australia is ahead of PNGs next largest import sources, capital of Singapore at 14 per cent and Japan at 4 per cent. In 2006 Australia import $2.3 billion worth of goods from PNG, a 14 per cent accession on 2005.

Australias merchandise exports to PNG totalled well-nigh $1.5 billion. Two fashion merchandise trade is valued at around A$3.8 billion annually, making PNG our 20th largest calling partner. The trade respite is in PNGs favou r, principally because of PNGs export of non! -monetary gold. The mining sector has traditionally been a focus of Australian enthronization in PNG, specially gold mining and oil and gas. pick out Australian companies in the mining and petroleum sector are Australian listed companies oil colour Search Ltd, Lihir Gold Ltd and Highlands pacific Ltd. Lihirs major shareholder is Rio Tinto. another(prenominal) key investors in PNG include Australia-based companies coca plant Cola Amatil,...If you command to get a full essay, nightspot it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay