4/10/2023 0 Comments Hiri trade new guineaIn 1526, Portuguese sailor Jorge de Meneses was the first European visitor and he named one of the islands ‘ilhas dos Papuas’ or ‘land of fuzzy-haired people’. Brief HistoryĪrchaeological evidence indicates that humans arrived on New Guinea at least 60,000 years ago. If you are interested in investment opportunities in PNG explore PTI Australia's Investment Directory. Take a look at how Pacific Trade Invest (PTI) Australia’s work with bilum weavers is building a sustainable export pathway for weaving communities. The minerals and energy extraction sector, which accounts for the majority of export earnings and Gross Domestic Product. Much of the population of PNG relies on subsistence farming and the economy remains dominated by two sectors: The agricultural, forestry and fishing sector, which informally engage the majority of the labour force. In recent years, growth has been driven by natural gas and mining (including gold and copper) projects that have provided new opportunities for local businesses and foreign companies. PNG is a rapidly growing economy, strategically bridging Asia and the Pacific. Tropical forests that covered much of the country are rapidly being logged.Īt the same time, the connections between people and their land are very significant and central to their identity. The climate is tropical, with high temperatures and humidity levels. The main islands are volcanic in origin with rugged interiors rising to an elevation of 4,496 metres. It occupies the eastern half of the mainland island of New Guinea with three additional islands (New Britain, New Ireland and Bougainville) and over 600 lesser islets and atolls to the north and east. It is the largest of the Pacific Island nations. The PNG mainland and its six hundred islands have a total land area of 452,860 square kilometres. Most of the population comprises subsistence farmers with just 15% living in urban areas. Papua New Guinea (PNG) is one of the most culturally diverse countries in the world with more than 800 distinct languages and over 1,000 tribes (mostly Melanesian with some Micronesian and Polynesian communities). Major religion: Christianity, Indigenous beliefs.Major languages: English, Tok Pisin, Hiri Motu.
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