Yap State Resolution No. 8-75: Instruction to Cancel ETG Foreign Investment Permit

Yap State Resolution No. 8-75: Instruction to Cancel ETG Foreign Investment Permit (Report). Colonia, Yap: Yap State Legislature. 2013-05-02.

• Has attachment: File:JPHXF3BQ.pdf

Abstract: A legislative resolution adopted May 2, 2013 by the Eighth Legislature of Yap State, Federated States of Micronesia, instructing the Yap State Foreign Investment Board to cancel the foreign investment permit issued to the Exhibition and Travel Group (ETG), a Chinese development firm led by Deng Hong; asserts that the permit was issued in violation of the State Government Ethics Act, citing preferential treatment, lack of transparency, and disregard for legislative resolutions and public opposition; references allegations of bribery involving payments by ETG representatives to members of the Council of Pilung and notes that Deng Hong was under investigation by Chinese authorities for corruption; details ongoing public opposition through petitions, town hall meetings, and advocacy groups. This resolution represents the culmination of legislative and public opposition to the ETG project, formally moving to terminate ETG’s legal authority to operate in Yap; it reflects the breakdown of cooperation between branches of government and the convergence of ethical, legal, and political challenges.