Friday, July 11, 2014

6th Micronesian Trade Committee Officials' and Ministers’ Meeting to be held in Palikir

FSM Dept. of R&D (July 11, 2014): The Micronesian Trade Committee (MTC) Interim Secretariat, currently headed by the Federated States of Micronesia Department of Resources and Development, is convening the 6th MTC Officials' and Ministers’ Meeting for July 14-16, 2014, at the Central Facilities in Palikir, Pohnpei, FSM.

The main objective of these Meetings, which will bring participants from the Republic of Palau (Palau), the Republic of the Marshall Islands (RMI), and the FSM is to discuss the revised draft treaty establishing the MTC for further consideration by the Leaders during the 14th Micronesian Presidents’ Summit (MPS) scheduled for July 17-18 in Pohnpei. The upgrading of the Memorandum of Understanding (MOU) establishing the MTC into a treaty was endorsed by the Presidents of Palau, the FSM and the RMI during the 12th MPS in July 2012. In addition, the 6th MTC Officials and Ministers’ Meetings will also discuss and adopt the MTC Work Program as well as other legal and related documents that are necessary for the establishment of the MTC as a legal entity.

It should be recalled that the MTC was formally established through an MOU on July 3, 2008, in Pohnpei as mandated by the 7th MPS. The vision and goals of the MTC are to endeavor towards the creation of a Micronesian trade and economic block through the promotion of sub-regional trade and economic cooperation and integration to support the achievement of sustainable and equitable socio-economic development of its Member States and improve the standard and quality of life of their People. 

For more information regarding the 6th MTC Officials and Ministers’ Meetings, please contact Department of Resources and Development , Division of Trade and Investment, at telephone number (691) 320-5133/2646.

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