NO JOINT TUNA VENTURES BETWEEN PALAU AND PHILIPPINES

KOROR (Palau Horizon, April 7, 2009) – Tuna fishing firms in the Philippines were unable to seal joint venture agreements in Palau, according to an official of the fishing federation in General Santos City.

In an internet news, Bayani Fredeluces, executive director of the Socsksargen Federation of Fishing and Allied Industries Inc. (SFFAII) said that there is no significant development during the recent mission here from the Philippines, he is still optimistic that the local tuna fishing firms can soon operate in Palau.

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