CHINESE COMPANY TO BUILD TUNA CANNERY IN PNG

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$20 million investment should bring 3,000 jobs

MELBOURNE, Australia (Radio Australia, May 28, 2009) – There is high demand for tuna in Asia. A Chinese company has signed an agreement to build a $US20 million tuna cannery in Papua New Guinea.

The National newspaper reports that work will be carried out by the Zhoushan Zhenyang Deep-Sea Fishing Company and a partner from Taiwan.

They will build a shore-based tuna processing plant in Morobe province.

The companies expect to employ around 3,000 workers.

Zhoushan Zhenyang says it does not fish in PNG waters at present.

But plans to fish there once licences have been granted.

Fisheries Minister Ben Semri, Morobe Governor Luther Wenge and the company's general manager, Li Yong Jie, signed a memorandum of agreement in Port Moresby.

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