Fishing Agreement with Korea Deep Sea Fisheries Association deferred
Palikir, POHNPEI (FSM Information Service): November 25, 2005 - The First special session of the FSM Congress deferred action on the resolution to approve the fishing agreement between the Korea Deep Sea Fisheries Association and the National Oceanic Resources Management Authority (NORMA) that, if approved, would give the Korea fishing association five-year fishing access to the FSM waters and to lock in a steady income to the nation at an estimated $2,195,100 every year for five years. The agreement was concluded on October 22. 2005.
In his letter to Speaker Christian, Director Bernard Thoulag of the Authority indicated the Authority's reasons of supporting the agreement as follows:
Provides for the two countries to cooperate further in fisheries management and development activities.
The Congress will revisit the agreement in the January session, 2007.
For further information on this release, please contact:
FSM Office of the President Public Information: Press, Radio, Video P.O Box 34 Palikir Station, Pohnpei, FM 96941 Tel.: (691) 320-2548/2092 Fax.: (691) 320-4356 e-mail: email@example.com http://www.fsmpio.fm/