DOING BUSINESS IN MICRONESIA

Are you interested in the potential for selling goods and services or investing in the Micronesian region? The Australian Embassy in Pohnpei (Federated States of Micronesia) can offer advice in respect of :FSM, Marshall Islands, Palau, Guam and the Northern Marianas (CNMI).

Australia's trade with this region in goods and services is in the order of AUD 60 million per annum. There is solid competition from the U.S. and Asia but Australians have a good foothold in several niche markets. Here are useful first contact points:

Australian Embassy Pohnpei

Email:australia@mail.fm
Tel: (691) 320 5448
Fax: (691) 3205449
Attention: Ambassador/Trade Officer

Austrade Manila

(for specialist market evaluation and other Austrade Services)
Email: registry.manila@austrade.gov.au
Tel: 63-2 754 6145
Fax: 63-2 754 6263
Attention: Trade Commissioner Guam and Micronesia

Areas of most potential: Foodstuffs, cement and building materials, financial services, electrical equipment, chemicals, vessels, specialized equipment.

Advantages of Micronesia: US Dollars sales, small niche markets, potential to expand, good reputation of Australia and Australian products, English language.

Things to be aware of: Limited shipping and air transport services to some markets, higher costs of air travel from Australia, competition from established US/Asian suppliers, downturn in some economies, foreign investment procedures.

Outlook: Worth investigating - Micronesian clients prefer face-to-face contact and we recommend visiting the region and perhaps then appointing an agent to handle your sales. Please email, fax or call us for further advice.

For general trade and investment information click here to visit the Austrade website.

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