I tried to write Micronesia sub-regional movement in this blog and found interesting ADB report.
Quote from EXECUTIVE SUMMARY
... Cooperative arrangements for Micronesia already exist and others are likely to be implemented withinthecomingmonths. In January 1996 the region’s states formed the Council of Micronesian Chief Executives in recognition of the opportunities for economic and social development that a regional approach offers. In a parallel development, a sub- regional group was formed in March 1995 at the first summit of the Heads of Government of the Republic of Kiribati, Republic of Marshall Islands, Republic of Nauru and Tuvalu. That group affirmed the need for cooperation in the areas of air transportation, shipping, trade and immigration. Still another push towards sub-regional cooperative arrangements is likely to emerge from the September 1996 meeting of the South Pacific Forum, which plans to examine whether a sub-regional approach to cooperation such as that taking place in Micronesia is preferable to the Forum’s broad regional aproach to coperation.
Subregionla movement of Micronesia had stared 1995, and PIF (SPF) already discueed in 1996.