CHINESE BUSINESS TO EXPORT LIVE REEF FISH FROM KIRIBATI

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TARAWA, Kiribati (October 30, 1997 - PACNEWS)---The Kiribati Foreign Investment Commission has given approval to two Chinese entrepreneurs to begin a live fish export business in Kiribati, on a one year trial basis.

Senior Foreign Investment Officer Tiiroa Rooneti says the new company will collect live reef fish and lobsters for export to China.

Rooneti says the businessmen are investing an initial $1.4 million in the new venture.

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