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We
offer Samoa real estate investment information for Apia, Mulifanua,
Salelologa, Asau and the Islands of Upolu, Savai'i, Apolima
and Manono. Scroll down for more information about Samoa - also
known as Western Samoa until 1997.
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About
Samoa
Samoa
Population: 177,714 (July 2004 est.)
Languages: Samoan (Polynesian), English
Capital: Apia
Government Type: Constitutional monarchy under native chief.
Independence Day: 1 January 1962 (from New Zealand-administered
UN trusteeship)
Legal System: Based on English common law and local customs;
judicial review of legislative acts with respect to fundamental
rights of the citizen; has not accepted compulsory ICJ jurisdiction.
Currency: tala (SAT)
Executive
Branch:
Chief
of State: Chief Tanumafili II MALIETOA (cochief of state from
1 January 1962 until becoming sole chief of state 5 April 1963).
Head of Government: Prime Minister Sailele Malielegaoi TUILA'EPA
(since 1996); note - TUILA'EPA served as deputy prime minister
from 1992 until he assumed the prime ministership in 1996, when
former Prime Minister TOFILAU Eti Alesana resigned in poor health;
TUILA'EPA was confirmed as prime minister (November 1998) after
TOFILAU died; the post of deputy prime minister is currently
vacant.
American
Embassy: Accident Compensation Board (ACB) Building, 5th Floor,
Apia
Mailing Address: P. O. Box 3430, Apia
Telephone: [685] 21631/22696 Fax: [685] 22030
General Overview: New Zealand occupied the German protectorate
of Western Samoa at the outbreak of World War I in 1914. It
continued to administer the islands as a mandate and then as
a trust territory until 1962, when the islands became the first
Polynesian nation to reestablish independence in the 20th century.
The country dropped the "Western" from its name in 1997.
Economic
Overview: The economy of Samoa has traditionally been dependent
on development aid, family remittances from overseas, and agriculture
and fishing. The country is vulnerable to devastating storms.
Agriculture employs two-thirds of the labor force, and furnishes
90% of exports, featuring coconut cream, coconut oil, and copra.
The manufacturing sector mainly processes agricultural products.
The decline of fish stocks in the area is a continuing problem.
Tourism is an expanding sector, accounting for 25% of GDP; about
88,000 tourists visited the islands in 2001. The Samoan Government
has called for deregulation of the financial sector, encouragement
of investment, and continued fiscal discipline, meantime protecting
the environment. Observers point to the flexibility of the labor
market as a basic strength for future economic advances. Foreign
reserves are in a relatively healthy state, the external debt
is stable, and inflation is low.
International
Disputes: None
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