According to a recent release from the International Trade and Investment Ministry of Papua New Guinea, officials from Papua New Guinea and the United Arab Emirates met on the margins of the Annual Investment Meeting (AIM) Congress, which was held from 7 to 9 May 2024. During the meeting, the two sides discussed the strengthening of trade and economic relations including Papua New Guinea's interest in the negotiation of an income tax treaty. Any resulting treaty would be the first of its kind between the two countries and must be finalized, signed, and ratified before entering into force.