"The main work of APEC is technical in nature and involves government officials and businesses, but very importantly this work is given the endorsement of the heads of each APEC member government," O'Neill said.
He also said the series of APEC meetings being held would help the small and medium businesses and human resource development, in particular the role of women in the country's economy.
"Enhancing the role of women in the economy, empowering rural communities and helping small businesses participate in global supply chains are important issues for PNG," he said.
"This will include programs and initiatives that invest in education and enhance the capacity of our people in areas such as healthcare, science and technology.
"Global trade is no longer just for big business, but we create opportunities for small and medium enterprises to either export their products direct to foreign markets, or to provide input to other local exporters."