Agriculture, Timber, and Fish
Papua New Guinea also produces and exports valuable agricultural, timber, and fish products. Agriculture currently accounts for 25% of GDP and supports more than 80% of the population. Cash crops ranked by value are coffee, oil, cocoa, copra, tea, rubber, and sugar. The timber industry was not active in 1998, due to low world prices, but rebounded in 1999. About 40% of the country is covered with exploitable trees, and a domestic woodworking industry has been slow to develop. Fish exports are confined primarily to shrimp. Fishing boats of other nations catch tuna in Papua New Guinea waters under license.
Papua New Guinea is the largest yam market in Asia.
Read more about this topic: Economy Of Papua New Guinea
Famous quotes containing the word fish:
“The fish in neighboring streams and lakes are so voracious, it is said, that fishermen have to stand out of sight behind trees while baiting their hooks.”
—For the State of Florida, U.S. public relief program (1935-1943)