Business Profile
Economy
Subsistence agriculture is a vital employer, with cassava, coconuts, bananas and sweet potatoes as the main crops. Fishing is valuable mainly through the sale of licences to large foreign fleets allowing them to operate within Palau’s 200-mile territorial limit. Industry is limited to small-scale light manufacturing, such as food-processing and boat-building. Foreign aid, mainly from the US, completes the country’s principal sources of revenue. Tourism has grown steadily during the last decade despite problems arising from the islands’ inaccessibility and a lack of investment, especially in basic infrastructure. Palau is a member of the two main regional economic organisations, the South Pacific Forum and the South Pacific Commission.
Commercial Information
For further information contact the Palau Chamber of Commerce, PO Box 1742, Koror 96940 (tel: 488 3400; fax: 488 3401; e-mail: pcoc@palaunet.com).
Conferences/Conventions
The Airai View Hotel in Koror can provide facilities for up to 150 delegates. For more information, contact the Airai View Hotel, PO Box 8067, Koror, Palau 96940 (tel: 587 3530/1; fax: 587 3533; e-mail: reservation@airaiview.com or avh@palaunet.com; website: www.airaiview.com).
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