On January 26th, 2022, the 3rd day of the 2nd Resources & Development Conference included dialogue and debate on the FSM’s trade and investment sector, the FSM Fisheries Investment Plan, and the FSM’s Marine Resources Sector.
Regarding accomplishments as related to foreign investment into the FSM, it was described that the National Government has established a Competent Authority for aquaculture exports into the European Union; that Chuuk State has established new foreign investment regulations, and successfully recruited a foreign investment inspector; that Pohnpei State has passed two foreign investment legal amendments, one in 2018 and one in 2021; that Yap State has established foreign investment regulations; and that Kosrae State has issued a foreign investment permit to Da Yang Seafood Ltd., a Memorandum of Understanding with Australian investors to revitalize the operation of the former Kosrae Tropical Water, Inc., and the successful recruitment of a foreign investment officer.