Trade
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 also are important trading partners. Its main imports are food and beverages, industrial supplies, and fuels. The primary sector (agriculture, forestry, and fishing) employs nearly two-thirds of the labor force and produces 17% of GDP. Samoa's principal exports are coconut products and fish.
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. This announcement dispelled a growing suspicion about the genuine motives of StarKist to move to Samoa. The proposed blast-freezer operations in Asau were expected to bring this village back to life.
Read more about this topic: Economy Of Samoa
Famous quotes containing the word trade:
“Though I have locked my gate on them
I pity all the young,
I know what devil’s trade they learn
From those they live among,
Their drink, their pitch and toss by day,
Their robbery by night....”
—William Butler Yeats (1865–1939)
“Until the end of the Middle Ages, and in many cases afterwards too, in order to obtain initiation in a trade of any sort whatever—whether that of courtier, soldier, administrator, merchant or workman—a boy did not amass the knowledge necessary to ply that trade before entering it, but threw himself into it; he then acquired the necessary knowledge.”
—Philippe Ariés (20th century)
“It passes, and we stay:
A quality of loss
Affecting our content,
As trade had suddenly encroached
Upon a sacrament.”
—Emily Dickinson (1830–1886)