FSM STATE OF POHNPEI AND CHINA'S ZHEJIANG PROVINCE COOPERATING

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PALIKIR (June 30, 1997 - PIDP/CPIS) ---Officials from the FSM State of Pohnpei and China's Zhejiang Province have signed a memorandum of understanding that is expected to lead to cooperative FSM-China fishing projects and other joint business development.

The agreement was signed last month in China by visiting Pohnpei Governor Del Pangelinan and the Deputy Governor of Zhejiang Province, Lliu Xirong.

The first planned venture involves cooperative long line fishing activities between the Pohnpei State Fisheries Corporation and the Zhejiang International Fisheries Corporation.

Additional business activities under consideration include export-oriented processing and manufacturing projects and agricultural products development.

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