French Polynesia plans aquaculture deal with China
June 3, 2012
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.