VanuatuCountry Report ~ October 2013

Archana SinghS99000405

Maxine Valentine S97002304

Stuart Gows11100919

Vanuatu

ScopeCountry BasicsInfrastructureBusiness EnvironmentForeign TradeBusiness SectorsInvestment PromotionSustainabilityBusiness Requirements????Conclusion

Vanuatu

Country Basics

Vanuatu

Location in South Pacific

Vanuatu

Vanuatu GeographyLand area 14,760

Km2 More than 80

islandsseveral active

volcanoes

Vanuatu

Population 2012Total Population

250,000Males 119,091Females 114,932

Av. growth rate 2.3%Population density (per

sq.km) 21UrbanizationUrban population

57,195Urban growth rate 3.5%Percent urban (%) 24.4

Age Dependency Ratio 71

Structure 2009< 15 years 90,97315 - 24 years 45,42325 - 59 years 83,82160+ years 13,806

GRAPH OF SPREAD!!

Vanuatu

Political situation Independence: July

1980

Vanuatu

Global ConnectivityAir SeaGood air connectionsAirlines:

Air VanuatuFiji AirwaysPacific BlueAir Calin

International port: Port Vila

Regular shipping from:AustraliaNew Zealand

Vanuatu

InfrastructureRoadsPortsAirportsTelecommunicationsUtilities

Vanuatu

InfrastructureRoads Ports

New tar sealed roadsEfateEspiritu Santo

Funding Millennium Challenge Accounts (MCA)

Upgraded wharf facility Port Vila

2 new tug boats (ADB)

Vanuatu

InfrastructureAirports Telecommunications

Bauerfield (Efate)new cargo terminalextension of runway

Pekoa’s (Santo)International flights

Government priority:Improving domestic

airports

Mobile networks increased

Internet connectionNew Cable to Fiji?

Vanuatu

InfrastructureElectricity Water/SewerageHows this work? Only in city of Port

Vila???

Vanuatu

Business EnvironmentAll the Historical $$$ and GDP stuff

Vanuatu

Ease of doing business World Bank recent report

Vanuatu

Vanuatu GDP -per capita (PPP) (US$)GRAPH?

Vanuatu

2012 Balance of PaymentsGrowth Rate of Merchandise Exports (%)

24.6Growth Rate of Merchandise Imports (%)

1.0Trade Balance (% of GDP) -24.4Current Account Balance (% of GDP) -6.0

ADB Economics and Research Department Development Indicators

Vanuatu

Labour Force Statistics 2009Employed 42,295Subsistence workers

41,877Males 21,942Females 19,935

Labor Force Participation rate 70.9

Unemployment rate 4.6Males 4.1Females 5.2

Employment-population ratio 30.3

Vanuatu

Foreign Trade

Vanuatu

Imports

Vanuatu

Exports

Vanuatu

Trade & Economic Organizations MembershipSPARTECA – South Pacific Regional Trade and Economic Cooperation AgreementMSG-TA - Melanesian Spearhead Group – Trade

AgreementPICTA - 3) Pacific Island Countries Trade

AgreementEU Economic Partnership AgreementAsian Development Bank (ADB)World BankInternational Monetary Fund (IMF)WTO - World Trade Organization - in progress

Vanuatu

Business SectorsPrivate Sector Structure

Vanuatu

Tourism(>40%!)

Vanuatu

CoffeeBeefCopraTourismFinancialManufacturing (approx 14%)

Vanuatu

Investment PromotionVanuatu Investment Promotion Authority

Vanuatu

Vanuatu Investment Promotion Authority How good is it

ranked on the ??UN WAIPA???Formed under

Vanuatu Foreign Investment Promotion Act (VFIP Act)

Vanuatu

Sector OpportunitiesVanuatu is endowed

with a vast array of non mineral resources and its productive sectors have significant untapped potential

Vanuatu

National Investment PolicyGovernment of

Vanuatu March 2005

Vanuatu

SustainabiltyFroward for a Green Economy?

Vanuatu

Vanuatu

Business Requirements

Vanuatu

Business Requirements

Foreign Investment Approval Certificate (FIAC)

VIPA act N). 15 of 19897 steps

Vanuatu

ProcessThe processing of

FDI application and other requirements have been stream-lined

Faster, consistent and transparent outcomes

Simple flowchartIPA assistance...

Vanuatu

Conclusion

Vanuatu

high cost economy

Vanuatu

References Pacific Institute of Public Policy, social and Economic impact of introducing

telecommunications throughout Vanuatu Australia Broadcasting Cooperation Vanuatu Economic Report 2009 Vanuatu Economic Report 2010 Australian High Commission in Port Vila website. Updated April 2011 2011 Index of Economic Freedom Doing Business 2012 Vanuatu en.wikipedia.org/wiki/Vanuatu http://www.governmentofvanuatu.gov.vu/component/content/article/78-

vanuatu-status.html http://www.heritage.org/ www.investvanuatu.org/vanuatu/facts.html www.dfat.gov.au/geo/vanuatu/vanuatu_brief.html www.ausaid.gov.au/country/country.cfm?CountryId=17 http://gcr.weforum.org/gcr2011/