Samoa asset for industrial

What is the economy of Samoa like?

The economy of Samoa is dependent on agricultural exports, development aid and private financing from overseas. The country is vulnerable to devastating storms, earthquakes, tsunamis. Agriculture employs two-thirds of the labor force, and furnishes 9% of exports, featuring coconut cream, coconut oil and copra.

How much money does Samoa receive a year?

Their direct remittances have amounted to $12.1 million per year recently, and they account for more than half of all tourist visits. In addition to the expatriate community, Samoa also receives roughly $28 million annually in official development assistance from sources led by China, Japan, Australia, and New Zealand.

Does Samoa have a fisheries industry?

Fishing has had some success in Samoan waters, but the biggest fisheries industry (headed by Van Camp and StarKist) has been based in American Samoa. StarKist Management announced that it was going ahead with setting up at Asau a blast-freezer project to be operational by 2002.

What are Samoa's exports?

Samoa's exports are still concentrated in coconut products ($2.36 million worth of copra, copra meal, coconut oil, and coconut cream) and fish ($1.51 million) but are at least somewhat more diverse than before. [citation needed]

Which countries trade with Samoa?

New Zealand is Samoa's principal trading partner, typically providing between 35% and 40% of imports and purchasing 45%–50% of exports. Australia, American Samoa, the United States, and Fiji are also important trading partners. Its main imports are food and beverages, industrial supplies, and fuels.

What does the Samoan government want?

The Samoan Government has called for [when?] deregulation of the financial sector, encouragement of investment, and continued fiscal discipline. Observers point to the flexibility of the labor market as a basic strength factor for future economic advances. [citation needed] Unloading a lighter at Apia Wharf, around 1975–1985.