Plans to attract logging companies into downstream processing in Papua New Guinea are in the draft stages, the head of the country’s National Forest Authority (NFA) has revealed.
The proposals, which will need approval from the National Executive Council, are designed to give incentives to companies involved in processing and encourage new investment in industrial forestry.
NFA chief Terry Warra said long-term benefits of moving to downstream processing included technological transfer, more jobs, a widening of the income tax base and the export of value added products.
