PNG is richly endowed with natural and mineral resources, and produces a wide range of primary commodities
including crude oil, natural gas, timber, cocoa, coffee, palm oil, gold, copper, silver, nickel, and cobalt.
As with every construction boom, the cost of materials is a concern, specifically around the cost escalation of the primary commodities
," Deloitte said.
My view is that China is in for the long-term picture: good diplomatic relations, good commercial relations, long-term access to Africa's primary commodities
, and that it's willing to play a constructive role in financing infrastructure and in building markets together with Africa.
The prices of non-fuel primary commodities
like metals and food items remained very low during 2012 and 2013 which was reflected in lower import prices in the Sultanate," the CBO report pointed out.
Indonesia's exports, which were dominated by primary commodities
, fell on weak demand in the major industrialized countries.
Kuugongelwa-Amadhila said the country is still grappling with glaring social and structural economic challenges including a jobless growth trajectory with a lopsided distribution of income and resource ownership as well as a substantial skills deficit and a narrow economic base with primary commodities
still serving as the engine of export led growth.
IMF added that the growth is also suffering a slowdown in highly-congested countries with low income like Indonesia, Malaysia, and Thailand, in light of a retreat in investments and a decline in the prices of primary commodities
in the international markets, besides less than expected export growth.
He noted, however, that despite growth, African firms continued to trade at the lowest rung of the global value chains ladder, exporting primary commodities
while importing finished goods ' a situation that would not be sustainable in the long run.
The largely Muslim-dominated state represents an opportunity for Qatar as the economic structure of Sarawak is largely export oriented, with primary commodities
Through the ebbs and flows of conflict and compromise over tariffs within the structural constraints of unfavourable terms of trade between primary commodities
and manufactured goods, which are given lesser rather than greater attention by Lee, Australia remained an exporter of primary commodities
to, and, an importer of manufactured goods from, Britain.
This encouraged high risk trading in primary commodities
, such as oil.
At present, African and LAC exports to developing Asia are dominated by primary commodities