Papua New Guinea: Fears about SEZ

29 November 2010

The International Finance Corporation (IFC) proposal to establish a special economic zone (SEZ) in Papua New Guinea (PNG) has caused concern. SEZs are geographical regions within a state that have more business friendly rules than the rest of the country. The IFC claims the SEZ would boost PNG’s attractiveness to foreign investors, however PNG-based bloggers fear that, “the zones are notorious for low wages, inhuman living and working conditions and other human rights violations. They also contribute little to local economies as most raw materials are imported and finished goods exported duty free.”