Responsible business a crucial factor in keeping region on track to achieve the SDGs
Port Moresby (ESCAP News) – Businesses are well-positioned to offer innovative solutions to key sustainable development
challenges, particularly in meeting the infrastructure and connectivity needs of rural and urban communities, concluded
the annual Asia-Pacific Business Forum (APBF) in Port Moresby, Papua New Guinea today.
Organized by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), the Government of Papua
New Guinea and the Papua New Guinea Investment and Promotion Authority, with the support of the Business Council of
Papua New Guinea, the Forum showcased bold, innovative and truly sustainable business solutions in sectors such as
infrastructure, green financing, financial inclusion, climate and disaster resilience, as well as trade and investment.
The two-day APBF focused on the theme of “Global Goals, Local Opportunities”. Senior policymakers, business leaders and
emerging entrepreneurs discussed the roles and responsibilities of businesses to work with the public sector to mitigate
the impacts of climate change and support the development of non-urban Pacific communities.
“Connectivity is especially relevant in the Pacific context, where the challenges associated with geographic isolation
and remoteness have hindered trade and investment among Pacific island countries and with major international markets.
Enhancing connectivity in this subregion demands increased investments in transport networks and ICT infrastructure,”
said UN Under-Secretary-General and Executive Secretary of ESCAP, Ms. Armida Salsiah Alisjahbana in her opening remarks.
Ms. Alisjahbana called upon public-private sector partnerships to support SME growth and women’s entrepreneurship in the
region. “Unlocking the potential of women-owned business represents a powerful opportunity for greater economic growth
and leadership in our economies. A stronger Asia and the Pacific demands novel strategies to overcome entrenched
barriers to women owned and led businesses and entrepreneurships.”
Prime Minister of Papua New Guinea Honorable James Marape said “Our priority is to empower our local business women and
men. We have set a goal of growing our local SME spaces so that 10-20% our citizens are anchored in the SME sectors.
Aligned with the focus of the APBF, our key priority sectors for SME growth are agriculture, tourism and marine
resources. We are keen to work with foreign investors to sustainably develop these industries and our SMEs in them.”
“To implement the 17 Sustainable Development Goals by 2030 is not a simple task. One condition for success is to engage
the private sector well. For businesses to work towards the SDGs, we need platforms such as the Asia-Pacific Business
Forum to bring together world business leaders.” said George Lam, the President of the ESCAP Sustainable Business
Network (ESBN).
“Vanuatu is leading the way in promoting business resilience to climate change. Resources exist in the country and we
need to start using them more. That’s why Vanuatu set up a business resilience committee to assist businesses get
together to find their own solutions without depending on external parties that may not understand the local business
environment.” said Shaun Gilchrist, President Vanuatu Chamber of Commerce, CEO Azure Water. He added “innovation,
product diversification and daring to dream at the regional level will help us address shared regional challenges”.
APBF 2019 was the concluding event of the first annual Papua New Guinea Investment Week, which attracted more than 1,000
global and regional participants. It was organised with the support of the ESCAP Sustainable Business Network.
Distinguished speakers at the Forum this year included Mr. Yanning Wing, Assistant Corporate Secretary, Asian
Infrastructure Investment Bank; Shasha Ridzam, Group Head, International Policies and Institutions, Air Asia; Simon
Lacy, Vice-President, Huawei; and Zhonghang Li, Vice Chairman, Silk Road Chamber of International Commerce.