Lure for investors

investors

THE United States Department of the Interior has launched an attractive newsletter designed to encourage those with money to invest in the Federated States of Micronesia and the Republics of the Marshall Islands and Palau.

Operating on the premise that the more that investors know about distant places, the more likely they are to invest, Micronesian Investment has been launched. Funded by a grant from the Department to FSM, the quarterly publication is edited by Roger Stillwell, an old

Pacific hand working out of Washington.

The first issue starts with the basics: where the islands are, what their rela tions to the United States are, how to get more information about them, and why one should consider making such an in vestment. Later issues will cover the spe cific investment and development poli cies, and the specific investment oppor tunities, in the three island territories.

In the first issue, the rationale for in vesting in the Marshalls, for example, includes “the Government welcomes foreign investment . . . low political risks for projects, because of high political sta bility and non-adversarial labour rela tions ... no exchange rate risks. In the Marshall Islands the currency is the US dollar . . . goods produced in the Mar shall Islands can enter the US market at very preferential rates or even duty free.”

Investors interested in the islands, or island officials interested in this kind of publication, can write for a copy from Stillwell Communications, PO Box 5980, Washington D.C., 20016, USA. For the moment, at least, subscriptions are free.n