 |
 | |||||
| Home | Message | Investments | Application | Profile | Contact Us | |
Profile of state and country
Located about 600 miles southeast of Guam, Chuuk State consists of 11 mangrove-fringed
islands in the Chuuk Lagoon, and a series of 14 outlying atolls and low islands surrounding the lagoon. The main
islands, Weno, Tonoas, Uman and Fefan are located in the Chuuk Lagoon. Of Chuuk's population of about 53,000,
more than 40,000 live on islands in the lagoon.
The lagoon, still referred to as "Truk Lagoon" is one the largest enclosed
lagoons in the world, circled by 140 mile long barrier reef, and covering an area of 832 square miles.
Chuuk's major attractions today are the 100 or more World War II Japanese vessels and planes which rest
at the bottom of the vast, but mostly shallow lagoon. Local dive operators know the area, the wrecks and the
reefs intimately. Divers from all over the world come to marvel at this underwater museum and 'graveyard" which
has been softened by time and nature. Many of the wrecks have
become unbelievably beautiful living reefs of brilliant soft corals, and sea anemones where an abundance of tropical
marine lives and plays. Chuuk is one of the four states that comprise the Federated States of Micronesia (FSM).
The other states are Kosrae, Pohnpei, and Yap. The four states together consist of about 607 beautiful islands, many
of which offer visitors attractions of lush greenery, white sandy beaches and hospitable people unrivaled in the
Pacific. FSM enjoys tropical ocean climate, cooled consistently by trade winds throughout the year with an overage
temperature of 82 degrees Fahrenheit. The islands of the Federated States
of Micronesia remain to this day an almost virgin territory - one of the last real frontiers on the planet. The FSM became fully self- governing in the fall of
1986 and was admitted to the United Nations in September of 1991. As a matter of choice, the FSM opted to
maintain a close relationship with the United States by entering into a long-term treaty agreement called the
Compact of Free Association. 
With the implementation of the treaty, the United States agreed to defend the FSM
as it would defend itself and its citizens, and to provide unique packages of financial assistance and investment
incentives. The potential for development in the FSM is immense. The FSM's 200 mile EEZ encompasses
more than one million square miles of ocean, teeming with the world's largest tuna stock, and a total
land area of 281.3 square miles. Both local and international investors are offered a unique blend of advantages:
clean environment, favorable economic and social circumstances and a sincere commitment to free market enterprise
philosophy. Investment incentives and other packages of financial assistance under the treaty with the United States
reinforce the commitment to free enterprise and help pave the way to self-sufficiency. Chuuk State is, indeed, the
ideal place to invest. live, and work.