Yap Summit Community Sector - Yap State Government

YAP STATE GOVERNMENT
Private Sector
Critical Areas
Institutional
Reform
Infrastructure
Requirement
Investment
Opportunities
Foreign
Investors
Department of
Foreign Affairs
to coordinate
marketing of
Yap/FSM
products.
outlets in US
Mainland &
neighboring
countries to
showcase Yap
and FSM
products.
of Yap/FSM
products.
III. TRADE & INDUSTRY DEVELOPMENT & EXPANSION
1. Product
Processing
Plant(s)
Product
Certification &
Quality Control
Measures.
A&E Required
for
Construction.
Small Scale:
Agriculture Produce;
Pelagic & Reef Fish
Processing.
2. Fishing
Industry
Review existing
laws and
regulations for
YFA to market
fish and other
marine species
and for MRMD
to regulate
sustainable use
and
production.
Purchase
additional
Purse Seiners,
long-liners and
in-shore fishing
vessels, etc..
NORMA to scale
back on licensing of
foreign fishing
vessels; increase
volume of
processed exports
to markets in Guam,
Japan, Mainland
China, Taiwan & US
markets.
3.
Manufacturing
Industry
Research laws
on creation of
a zone for tax
free products
into US
Mainland and
China
Mainland
markets
A&E Required
for Free Trade
Zone
Construction if
FSM is eligible.
On
construction of
appropriate
facilities for
manufacturing
goods.
Tradable Industries
can be created for
niche markets in the
US Mainland and
China. Ex; Value-
Added industries
from Trochus,
Coconut/Copra,
product
components, etc
4. Trademark & Review FSM Not Required. Secured marketing
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