The South Pacific Stock Exchange and Papua New Guinea’s National Stock Exchange have signed a memorandum of understanding to co-operate on the developments of the two markets.

The Chairperson of South Pacific Stock Exchange, Dr. Nur Bano Ali says some of the areas both the markets are looking forward to is developing dual listing of securities, cross-broader trading arrangements, mutual recognition and access of stockbrokers to both markets, collaboration regarding mutually beneficial trading, registration of technologies in infrastructure platforms, investor  and corporate education, rules and framework.

Ali says they also look forward to developing the general market and facilitate a broader range of investment opportunities for domestic and international investors in the Pacific region.

The South Pacific Stock Exchange’s current exchange value is around $4 billion while Papua New Guinea’s National Stock Exchange is valued at $54 billion.