Given the world shortage of food and the ever increasing prices of food products in recent years, Papua New Guinea can become the food basket of the Pacific and beyond. The Government  2  BIS central bankers’ speeches  should develop an incentive framework that encourages investment in the agriculture sector, to replace imports, enhance and encourage exports of food products.
The most effective way of counter-acting the “Dutch Disease” phenomena is by developing the traditional industries. No question that in Papua New Guinea agriculture will be the preferred industry to concentrate our efforts and focus. Given that the resources are available, and the production technologies are simple, the development is not hard to come by.