French Polynesia plans aquaculture deal with China

The French Polynesian president, Oscar Temaru, says he has signed an agreement with a Chinese company to set up a joint venture in aquaculture.

Temaru has revealed that talks have been held with the Taijin Jasmin Fund Management Corporation that he says is prepared to invest USD 100 million a year over 15 years to expand the fishing potential around Hao atoll.

He says the plan is for the new joint venture company to be established in Hong Kong.

Click here to read the full story from Radio New Zealand >


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