Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Connect with us

Hi, what are you looking for?

slide 3 of 2
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Politics

Politics

US envoy says US-Micronesia strategic pact renewed.

U.S. Special Representative for North Korea Policy Joseph Yun arrives at a meeting with the media in... U.S. Special Representative for North Korea Policy Joseph Yun arrives at a meeting with the media in Bangkok, Thailand December 15, 2017. REUTERS/Jorge Silva/File Photo
U.S. Special Representative for North Korea Policy Joseph Yun arrives at a meeting with the media in... U.S. Special Representative for North Korea Policy Joseph Yun arrives at a meeting with the media in Bangkok, Thailand December 15, 2017. REUTERS/Jorge Silva/File Photo

Listen to the article now

U.S. envoy says US-Micronesia strategic pact renewed. U.S. presidential envoy Joseph Yun said he expects similar success with Palau as the U.S. builds support among Pacific island nations to challenge China.

On Monday, Yun announced that President Joe Biden would attend the Compact of Free Association (COFA) signing with Micronesia in Papua New Guinea on May 22.

In the 1980s, Washington signed COFA with Micronesia, Palau, and the Marshall Islands. The U.S. defends and aids states in exchange for exclusive access to vast critical Pacific areas.

The U.S. fights China’s Pacific expansion by renewing COFA agreements.

Yun said he initialed the deal with new Micronesian President Wesley Simina and will sign it next week in Port Moresby during a second US-Pacific conference.

“It’s a done deal,” he stated. “I am (now) going to Palau.” I aspire to progress similarly.”

Yun planned to visit the Marshall Islands from Thursday to Sunday but was “doubtful” its COFA deal could be signed.

Marshall Islands, Micronesia, and Palau lose their COFA provisions in 2023 and 2024, respectively.

After the G7 conference in Japan, Biden will become the first sitting U.S. president to visit Papua New Guinea.

Washington signed future assistance memorandums with the three COFA states. Last month, Yun said the “topline” deals with the three nations will provide $6.5 billion over 20 years.

Over 100 arms-control, environmental, and other activist groups pushed the Biden administration to apologize to the Marshall Islands for major U.S. nuclear testing and pay adequate compensation last year.

Marshall Islanders still suffer health and environmental impacts from the 67 U.S. nuclear bomb tests from 1946 to 1958, including “Castle Bravo” at Bikini Atoll in 1954, the largest U.S. bomb ever detonated.


Comment Template

You May Also Like

Business

In response to recent US tariffs on Canadian goods, Ontario imposed a 25% levy on electricity exports to New York, Michigan, and Minnesota. This...

Business

**Excerpt:** Bong Joon-ho’s *Mickey 17* is a sci-fi masterpiece that cements his status as one of the most visionary filmmakers of our time. Starring...

Business

**Excerpt:** Bong Joon-ho, the visionary director behind *Parasite*, returns with *Mickey 17*, a sci-fi thriller based on Edward Ashton’s novel *Mickey7*. Starring Robert Pattinson,...

Business

**Excerpt:** Bong Joon-ho’s visionary approach to filmmaking shines once again as stars Toni Collette and Naomi Ackie reveal insights into his creative process for...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok