22 Nov 2005

American Samoan governor seeks new investment amid concern over canneries

4:19 pm on 22 November 2005

The American Samoa Governor Togiola Tulafono says he hopes new ways can be found to encourage investment in the territory amid concern that tax credits applying to the fish canneries would go.

He says he is confident a provision before Congress to extend the credits will be passed.

The credits were due to expire at the end of this year and the territory's member of the US Congress, Faleomavaega Eni Hunkin, has been successful in getting the year extension inserted into a larger bill now before Congress.

Togiola says the extension will give an opportunity to encourage diversification in the economy.

The governor says he is already working on alternatives to the federal tax credits aimed at attracting other kinds of investment.