The United States signed a new 20-year agreement on Monday on economic assistance to the Marshall Islands worth $2.3 billion to the strategic Pacific island nation, chief U.S. negotiator Joseph Yun told Reuters.
The Republic of the Marshall Islands is one of three sprawling but sparsely populated nations that have U.S. ties governed by so-called Compacts of Free Association , under which Washington is responsible for their defense and provides economic assistance, while gaining exclusive military access to strategic swathes of ocean.battle for influence
It had been haggling for months over details with the RMI, which had called on Washington to better address the legacy of nuclear testing there in the 1940s and 1950s. "All signed," he said "This is the last of the three compacts that we have been doing. The other two have been done." He said the grant assistance would go to areas such as education, healthcare, environment and infrastructure, and added: "In terms of trust fund, the money, where it goes to, the new trust-fund money is determined by the Marshallese government."
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