Press Release

Abau virgin coconut oil hopes to get product launch through APEC

28/02/2018

Hanamoa Organics, the proud producer of local virgin coconut oil (VCO) from Abau in Central province hopes to expand their market opportunities during APEC meetings.

Hanamoa Organics, the proud producer of local virgin coconut oil (VCO) from Abau in Central province hopes to expand their market opportunities during APEC meetings.

Hanomoa Organics representative Mr Karo Martin said they are excited with the opportunity given to expose their products through the Small and Medium Enterprise (SME) stall displayed during APEC meetings.

The family business has recently processed their coconuts into cold-pressed organic virgin coconut oil and soap products.

"We've been producing virgin coconut oil, soap, and body wash locally for customers in Port Moresby on a small scale.

"We want to introduce our products to the world through APEC and find someone who can link us up with their markets and finally get our products launched.

"Bottling the product is a problem because of the cost involved in importing unlidded bottles from Australia while purchasing lids elsewhere," said Martin.

Co-chair for the Committee on Trade and Investments Julie Wapo says she understands the struggles local SMEs are enduring.

"We are looking at ways to assist our SMEs who are in this business and looking at how we can best facilitate their needs, getting the right policy and the right regulations in place.

"It will cost an SME K3 million to bottle their coconut products and have it available on a world market.

"We are looking at a right policy that will change the landscape of how people will benefit," said Wapo.

She added that APEC 2018 is the appropriate platform for bringing these policies for discussions and for investors to see that there is enormous potential among local businesses.

"Our policy outcomes will have positive growth effect on our economy," she said.

For more information, please contact the APEC Co-ordination Authority SME Team Email: msmeexpo@apec2018png.org