301010 CHINA TO SUPPORT ABG
By Aloysius Laukai in Beijin
The ABG and the SHANGHAI Chamber of Commerce this morning signed two separate Memorandum of Understandings to allow Business transactions to start between CHINA and Bougainville Bussinesmen,
The two agreements would be for Shipping to commence between Shangai and Kieta International wharf for business to commence as soon as practicable.
As China is a big consumer of goods from other countries Bougainville is set to benefit from this direct shipping link.
The Agreements were signed after a Seminar was held in Shanghai this morning in which the ABG presented its Economic Policy to kick start and develop its economic recovery.
The Deputy Administrator, RAYNMOND MASONO presented the policy to more than fifty Businessmen and including Government Officials.
MR MASONO stressed that the ABG welcomes joint ventures with credible business people and that Bougainville would not allow stand alone outside businesses.
More news and story on the China trip shortly.
Picture is President MOMIS with flowers presented to him and his delegation at Shanghai airport last Thursday at 5pm after arriving from Manila.