in seminars
p. 49 · Read in the full issue
Investors meet in seminars
Major US corporations were expected to take part in the Pacific Islands Association (PIA) investment seminar in San Francisco this month.
Entitled “Investment in De velopment in the Pacific Is lands”, the seminar aims to bring together representatives of the private and public sec tors.
Corporations such as Star kist, Bank of America, Peat
Marwick and Mitchell, Pacific Resources Inc, C Brewer and other US heavyweights were expected at the seminar from June 12-14.
Pacific ministers for deve lopment, finance, trade and tourism were also expected to be among the 200 attending the seminar.
Some noted observers have predicted that the Pacific islands will attract investment worth
US$5,OOO million over the next 20 years.
In addition the emerging Micronesian entities have reached agreement on their compacts of free association with the US, which will bring an influx of around $2 billion over the next 15 years.
All this has encouraged US investors and potential inves tors to take a greater interest in the region.
Since 1981, PIA has pro vided a forum for dialogue between the island decision makers and the US through these informal seminars.