KIRIBATI CAUTIOUS ABOUT AMERICAN LOGGING DEAL

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WELLINGTON, New Zealand (NiuFM, Oct. 31) - American dollars are making their way to Kiribati but the island nation, who relies on foreign fishing licenses, is cautious about giving would-be entrepreneurs the green light.

An American wants to cut and export native trees, but president Anote Tong says while the project could lead to other money-generating ventures, they don't know enough about the deal.

Tong says they'll have to do their own evaluations about the tree-exporting industry to see whether it's worth going into it.

He says the people behind the idea are looking to use Aid money initially, and he has reservations about how viable the project is. (listen)

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