Fri. Jul 12th, 2024
On the Enactment of Compact-Related Legislation

The Department welcomes the enactment of legislation providing approval and funding to bring into force new assistance agreements under the Compacts of Free Association (COFA). Passage of this legislation, which was signed into law by the President today, serves as another milestone in our relationships with the Freely Associated States (FAS) of the Federated States of Micronesia, the Republic of the Marshall Islands, and the Republic of Palau.

This step follows the successful negotiation of the Compact-related economic assistance agreements between the United States and the Freely Associated States.  The 20-year duration and commitment of $7.1 billion of mandatory funding is reflective of our steadfast commitment to these strategically important partners.  We appreciate the continued strong bipartisan support for COFA in Congress.

Our special and uniquely close relationships with the Freely Associated States, underpinned by the Compacts, have been an anchor of U.S. engagement in the Pacific for decades.  Extending Compact-related assistance is a critical component of the Administration’s Pacific Partnership, Indo-Pacific, and National Security Strategies.  We look forward to working with our partners in the Freely Associated States over the next two decades of COFA-related cooperation.

Official news published at https://www.state.gov/on-the-enactment-of-compact-related-legislation/

originally published at Politics - JISIP NEWS