FSM's economy is dominated by government services and is largely reliant on external grants, with a modest private sector. The fisheries sector is regarded as having the greatest development potential, and fishery licensing fees account for nearly half of domestic budget revenue. With an EEZ of 2.7 million square kilometres, FSM bestrides major equatorial tuna migratory paths.
Economic and trade information
- Federated States of Micronesia Development Cooperation Factsheet
- Australia Pacific Islands Business Council
Trade Services
Austrade
The http://www.austrade.gov.au/ is the Australian Government agency that helps Australian companies win overseas business for their products and services by reducing the time, cost and risk involved in selecting, entering and developing international markets.
Invest Australia
Invest Australia is Australia\'s national inward investment agency, set up by the Federal Government in 1997 to promote inward investment.
Doing business with Australia
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BICON: Biosecurity Import Conditions system
To help protect Australia’s unique environment from unwanted pests and diseases, the Department of Agriculture, Water and the Environment regulates products imported into Australia.
BICON will identify whether your goods require an import permit.