FIA draft bill pending with President
By: L.N. Reklai
(Koror, Palau) A bill aimed at improving the existing foreign investment policy in Palau is now pending before President Remengesau Jr. Copies of the draft bill had been circulated by the Office of President to various organizations and agencies for comments.
House bill 9-6-1 had earlier passed both houses and sent to President Remengesau Jr. It was referred back to the House with recommendations for further improvements. Most of the recommendations concern the format of the bill, particularly arrangements of certain sections for better readability and clearer understanding.