China Council for the Promotion of International Trade (CCPIT) and Papua New Guinea Investment Promotion Authority signed a Memorandum of Understanding (MoU) in Port Moresby on November 16.
The signing was witnessed by CCPIT Chairperson Gao Yan and Foreign Minister of Papua New Guinea Rimbink Pato.
According to the MoU, both sides have agreed to establish friendly relations, and set up comprehensive cooperation mechanism so as to create more trade and investment opportunities for enterprises of both sides.
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