Tonga Business
• Main exports: Squash, fish, vanilla beans and root crops.
• Main imports: Food, machinery and transport equipment, fuels and chemicals.
• Main trade partners: Japan, USA, New Zealand and Australia.
Economy
Industrial activity is mostly light and small-scale: textiles, handicrafts, brewing and the production of furniture and construction materials predominate. More recently, these have been joined by enterprises engaged in small manufacturing operations and food processing. The search for oil, which has been licensed to foreign consortia, continues offshore despite lack of success so far. Tonga's own energy requirements are met from renewable sources, principally wave and solar power.
Most of the growth in the economy and the best immediate prospect for Tonga's economic future lie in tourism which has been expanded under a recently completed 10-year development programme. The industry is now worth US$10 million annually to the Tongan economy. Nonetheless, the government is constantly looking for other projects to diversify the island's economy.
A further vital source of revenue is remittances from the many thousands of Tongans working abroad, mainly in New Zealand and Australia.
Tonga is a member of the South Pacific Forum and the South Pacific Commission. A regional free-trade accord, known as the Pacific Island Countries Trade Agreement, was signed among a group of Pacific governments in 2002.
Business Etiquette
Office hours: Mon-Fri 0830-1630.
Conferences & Conventions
Business Contacts
PO Box 110, Nuku'alofa, Tonga
Tel: 23688.
E-mail: tongatrade@candw.to
Tonga Chamber of Commerce and Industry
Taufa'ahau Road, PO Box 1704, Nuku'alofa, Tonga
Tel: 25168.
E-mail: chamber@kalianet.to
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