French
Polynesia Real Estate
We
French Polynesia real estate investment information for Tahiti,
Papeete, Uturoa, Makatea, Taihoae, Mataura, Mururoa and Rikitea.
Scroll down for more information about French Polynesia.
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French Polynesia
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About
French Polynesia
French
Polynesia Population: 266,339 (July 2004 est.)
Languages: French (official), Tahitian (official)
Capital: Papeete
Government Type: Overseas territory of France since 1946
Independence Day: none (overseas territory of France)
Legal System: Based on French legal system.
Currency: Comptoirs Francais du Pacifique franc (XPF)
Executive
Branch:
Chief
of State: President Jacques CHIRAC of France (since 17 May 1995),
represented by High Commissioner of the Republic Michel MATHIEU
(since 24 October 2001).
Head of Government: President of the Territorial Government
of French Polynesia Gaston FLOSSE (since 9 October 2004); President
of the Territorial Assembly Lucette TAERO (since 17 May 2001).
American
Embassy: None
Mailing Address: None
Telephone: None
General Overview: The French annexed various Polynesian island
groups during the 19th century. In September 1995, France stirred
up widespread protests by resuming nuclear testing on the Mururoa
atoll after a three-year moratorium. The tests were suspended
in January 1996.
Economic
Overview: Since 1962, when France stationed military personnel
in the region, French Polynesia has changed from a subsistence
agricultural economy to one in which a high proportion of the
work force is either employed by the military or supports the
tourist industry. With the halt of French nuclear testing in
1996, the military contribution to the economy fell sharply.
Tourism accounts for about one-fourth of GDP and is a primary
source of hard currency earnings. Other sources of income are
pearl farming and deep-sea commercial fishing. The small manufacturing
sector primarily processes agricultural products. The territory
benefits substantially from development agreements with France
aimed principally at creating new businesses and strengthening
social services.
International
Disputes: None
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