Not Quite dead this was received by the CPAA so we will wait and see


Papeete,

Mr Alfred Martin

Chairman of Perles de Tahiti GIE

to

Mr. Sonny Sethi

Chairman of the Cultured Pearl Association of America (CPAA)

Dear Mr Sethi,


As expected, the board of directors of the GIE Perles de Tahiti met on Sept, 30, 2008 to decide whether or not the organization needed to be abolished due to the lack of financial budget which is necessary for its promotional operations, following the decision of our French Polyiiesian Government to suspend the tax pearl export (DSPE) from October, 1, 2008 to December, 31, 2008.

FYI, 40% of this tax pearl export were assigned to the GIE Perles de Tahiti to enable it to fund its promotional operations and its various and international partnership contracts.

After a lengthy discussion during which all views were heard, it was decided to postpone the discussion of the dissolution of the GIE Perles de Tahiti at least until 31 December 2008. It was decided at the same time to extend my mandate as the Chairman of the Board of Directors of the GIE Perles de Tahiti up to that date.

However, our serious financial problems remain unsolved, since we have not yet so far received a response from our government about our financial request to overcome the suspension of the tax pearl export (DSPE) and allow us to respect our contractual commitments, particularly towards your organization.pbazar

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