By Pacific Island Times News Staff
The United States and the Marshall Islands today signed a memorandum of understanding on the renewal of the economic provisions of the Compact of Free Association.
The MOU affirmed "our close and continuing partnership" and reflected "our shared understanding reached on levels and types of future U.S. assistance" to the Marshall Islands, states a press release from the U.S. State Department.
The compact's economic provisions for the Marshall Islands are set to expire in September.
Details of the new package were not currently available.
Joseph Yun, special presidential envoy for compact negotiations, and Kitlang Kabua, the Marshjall Islands' foreign affairs minister, signed the MOU.
"The memorandum of understanding was signed as part of the Compact of Free Association negotiations and confirms the shared desire to strengthen the special partnership between our nations," the State Department said.
More details to follow.