New Ireland Province Comparative Advantage for Economic Growth and Development.
New Ireland Province consist of mainland with many scattered islands. Delivering government services to the scattered islands is a major challenge, including high cost of transport, remoteness, rising sea level, and limited economic opportunities. The economy of New Ireland Province is primarily based on agriculture, with key crops including cocoa, copra, coffee, and spices. The fertile soils and favorable climate support the cultivation of these cash crops, providing income and livelihood opportunities for the local population. The province is also known for its production of high-quality vanilla, which is highly sought after in international markets.
Fisheries and aquaculture are also important economic sectors in New Ireland Province. The surrounding waters are rich in marine resources, offering opportunities for commercial fishing, as well as aquaculture activities such as prawn farming and pearl cultivation. The province is recognized for its vibrant coral reefs and marine biodiversity, attracting divers and snorkelers from around the world. The Province hosts two World class gold mining projects, Kavieng airport and other economic projects including proposed St Mathias SEZ. The tourism potential of New Ireland Province is significant. Its pristine beaches, lush rainforests, and scenic landscapes attract nature enthusiasts and adventure seekers. The province offers opportunities for activities such as hiking, birdwatching, kayaking, and exploring historical sites, including remnants of World War II. Infrastructure development, particularly in terms of transportation and connectivity, is important for further unlocking the economic potential of New Ireland Province. Improvements in road networks, airports, and ports can facilitate trade and tourism, enhancing access to markets and attracting investments.
Under the Planning and Service Delivery Frameworks, NIP will develop their five-year Provincial and District Development Plans in alignment to the MTDP IV, and incorporate all the District minimum service needs and strategic economic investment opportunities.
Strategic Economic Priorities
Comparative Advantage | Specific Areas | Targets |
---|---|---|
Commercial Agriculture & Livestock Development | 1. Cocoa Smallholders and plantations development | Increase production and downstream processing |
2. Coconut Plantations | Increase production and downstream processing | |
3. Livestock Development Program | ||
4. Fresh Produce Market and Value Chain Development | ||
Fisheries Development | 5. Aquaculture & coastal fisheries processed onshore | 70% fisheries processed onshore |
Forestry Development | 6. Forest Products Development | 100% Downstream Processing |
7. Climate Change | ||
Mining & Petroleum Development | 8. Lihir Mining | Support the development of resource sites. |
9. Other Prospects | ||
MSME & District Growth Centres Development | 10. Provincial and District Market Development | MSME development |
11. District Growth Centres and MSME Incubation Hub | ||
12. Financial Inclusion | ||
14. Village-based guest houses and restaurants | ||
Downstream Processing | 14. Cocoa Products Factories | Produce value-adding |
15. Marine Products | Job creation | |
16. White copra production | ||
17. Forest products | ||
18. Meat production | ||
19. Poultry Abattoir Processing | ||
Trade and Investment | 19. Industrials and Free Trade SEZ | |
20. Gazelle Agro SEZ | Promote SEZ and Industrial Hubs | |
21. Agriculture & Fisheries SEZ | ||
Tourism Niche Product Development | Waterfront Development | Promote local and International tourism |
Tourism Niche Product Development | ||
Land Development | Customary Land Registration (ILGs) | Bankable land |
Unlocking Land for Development |