This was said by Prime Minister Peter O'Neill after discussions with Australian Prime Minister Malcolm Turnbull and Immigration Minister Peter Dutton this week.
"Further technical consultations will take place at the start of 2017 to move to the next level of this process. Our co-operation on this policy has saved countless lives of children, women and men who would otherwise have attempted to cross the Indian Ocean in unsafe boats.
"The trade in human misery by people smugglers has ended. Now we move to the conclusion of this process," O'Neill said.
O'Neill also thanked Turnbull for the support for Papua New Guinea in preparation for hosting APEC in 2018.
"Australia has a wealth of experience and technical information that we are drawing from, and is further providing support and capacity building in areas that include security, logistics and policy development.
"In particular, delivering the right level of security for the Leaders' Summit, and all APEC meetings through 2018, is essential in successfully hosting APEC.
"Papua New Guinea very much appreciates the commitment and the high level capacity building that we are receiving through the Australian Federal Police partnership," O'Neill said.
O'Neill added that PNG also appreciated the support from the Australian Defence Force through training and the provision of equipment and personnel during APEC in 2018.