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RP, Papua New Guinea ink pacts on fishing, corals.

Philippine Daily Inquirer

| March 31, 2009 | COPYRIGHT 2001 Philippine Daily Inquirer Inc. (Hide copyright information)Copyright

THEY COULDNT HAVE PICKED a more appropriate setting.

Amid a backdrop of sun and sand on one of the most beautiful beaches in the world, the Philippines and Papua New Guinea yesterday agreed to develop their respective fishing industries jointly and further maximize their potential as members of the Coral Triangle in the region.

The agreement was contained in a memorandum of understanding (MOU) signed after a bilateral meeting between President Macapagal-Arroyo and visiting Papua New Guinea Prime Minister Sir Michael Somare at the newly opened Shangri-La Resort and Spa on Boracay island.

The MOU identifies at least 13 areas of cooperation, including …

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