The Marshall Islands foreign minister Philip Muller says a plan to develop private sector business interaction between Taiwan and the Marshalls has been supported by Taiwan President's Ma Ying-jeou.
Mr Muller, who accompanied President Christopher Loeak on a state visit to Taiwan, says fisheries is an obvious option for greater investment from the Taiwan private sector.
Mr Muller says during the visit a Taiwanese fishing company proposed a joint venture with the Marshalls Fisheries Department.
He says the company has requested a meeting with the business arm of government and the private sector to identify areas for co-operation and funding for development opportunities in the Marshalls.
Mr Muller also says that one reason there may not have been as much Taiwan business interaction in recent years is that some amendments to investment laws may have made the Marshall Islands less attractive to investors.
He says they will look at amending those laws in the August session.