Micronesian Chambers of Commerce Agree to Form Council

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Guam – In a historic gathering on Dec. 10 in Guam, representatives of Micronesian Chambers of Commerce signed a Memorandum of Understanding that recognizes their desire to form a Micronesian Council of Chambers of Commerce.

The MOU was signed by representatives from Chambers of Commerce in Palau, Yap, Chuuk, Pohnpei, Kosrae and the Marshall Islands, Guam, Saipan and Tinian.  This is a cooperative arrangement with each other to promote networking among chambers of commerce, promote regional economic and business cooperation through the free flow of business information and trade, and promote investment in the various island economies.

The gathering was made possible by the Pacific Islands Private Sector Organization, in collaboration with the Palau Chamber of Commerce and the Guam Chamber of Commerce.

After the MOU signing, the meeting proceeded with the roundtable discussions looking at a variety of issues, including Power Generation, Transportation (shipping and aviation), the development of Tourism and the potential of a Micronesian Cruise Strategy, an update on the progress of the Military Buildup in Guam and its impact on development in the region, Workforce Development and Private Sector Industry Development in Micronesia.  Presenters among others included the Pacific Power Organization, Matson Navigation Co. and the Pacific Asia Travel Association.

The meeting at the Ramada Suites Guam will continue on Dec. 11.

[L-R: Representatives of the Palau Chamber of Commerce, the Yap Chamber of Commerce, the Chuuk Chamber of Commerce, the Pohnpei Chamber of Commerce, the Kosrae Chamber of Commerce, the Majuro Chamber of Commerce, the Guam Chamber of Commerce, the Chinese Chamber of Commerce of Guam, the Saipan Chamber of Commerce and the Tinian Chamber of Commerce signed a Memorandum of Understanding at the Ramada Suites in Guam on Dec. 10.]