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Authorities revoke foreign investment certificate

APIA, Samoa (Samoa Observer, April 27, 2011) - Two Chinese brothers who own a supermarket in Apia, Samoa have had their Foreign Investors Certificate (FIC) terminated, Talamua Online has reported.

The termination order was issued by the Ministry of Commerce, Industry and Labor (MCIL), Talamua’s Lagi Keresoma reports.

It was not possible to obtain a comment from MCIL yesterday because of the public holiday.

But Talamua reports that the two Chinese brothers who own Victor Shop Inc confirmed that their Foreign Investors Certificate FIC has been terminated.

"It is one of the initial actions taken as investigations continue in a bid to tidy up foreign owned business operations in Samoa amidst complaints by the Chamber of Commerce," Talamua reports.

The Li brothers, Victor and Peter who operated Victor Shop Inc., were licensed to sell only spare parts and accessories.

"However, they branched off to selling water and canned and bottled drinks produced by a local manufacturer. It was why their license was terminated."

The Ministry of Commerce and Industry told Talamua that the local manufacturer should have obtained the details and conditions of the FIC.

Victor Li came to Samoa 12 years ago and has since obtained a permanent residency certificate having satisfied the Immigration five years residency requirement.

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