Papua New Guinea
The United States and Papua New Guinea (PNG) meet bilaterally and through their mutual membership in the Asia Pacific Economic Cooperation (APEC). Additionally, USTR has visited PNG this year to discuss trade and investment with PNG officials. Through an exchange of letters, USTR has set the stage for new periodic engagement on trade and investment issues with PNG.
The U.S. goods trade surplus with Papua New Guinea was $273 million in 2012, a 68.4% increase ($109 million) over 2011. U.S. goods exports to Papua New Guinea 2012 were $391 million, up 28.7% ($87 million) from 2011. U.S. exports of agricultural products to Papua New Guinea totaled $4.4 million in 2012.
The stock of U.S. foreign direct investment (FDI) in Papua New Guinea was $227 million in 2011.