The economy of the Cook Islands is based mainly on tourism, with minor exports made up of tropical and citrus fruit. Manufacturing activities are limited to fruit-processing, clothing and handicrafts.
The economic activity of the Federated States of Micronesia consists primarily of subsistence agriculture and fishing. The islands have few mineral deposits worth exploiting, except for high-grade phosphate. The potential for a tourist industry exists, but the remoteness of the location and a lack of adequate facilities hinder development. Financial assistance from the US is the primary source of revenue, with the US pledged to spend $1.3 billion in the islands in 1986–2001. Geographical isolation and a poorly developed infrastructure are major impediments to long-term growth.
Oceania is a geographical region comprising Australasia, Melanesia, Micronesia, and Polynesia. Outside of the English-speaking world, Oceania is generally considered a continent, while Australia is regarded as an island or a continental landmass contained inside of the larger continent of Oceania. Spanning the Eastern and Western hemispheres, at the centre of the water hemisphere, Oceania is estimated to have a land area of about 9,000,000 square kilometres (3,500,000 sq mi) and a population of around 44.4 million as of 2022. When compared to the other continents, Oceania is the smallest in land area and the second-least populated after Antarctica.
China, officially the People's Republic of China (PRC), has full diplomatic relations with 179 out of the other 192 United Nations member states, Cook Islands, Niue and the State of Palestine. China has had the most diplomatic missions of any state.
The economy of Samoa is dependent on agricultural exports, development aid and private financing from overseas. The country is vulnerable to devastating storms. Agriculture employs two-thirds of the labor force, and furnishes 9% of exports, featuring coconut cream, coconut oil and copra. Outside a large automotive wire harness factory, the manufacturing sector mainly processes agricultural products. Tourism is an expanding sector; more than 70,000 tourists visited the islands in 1996 and 120,000 in 2014. The Samoan Government has called for deregulation of the financial sector, encouragement of investment, and continued fiscal discipline. Observers point to the flexibility of the labor market as a basic strength factor for future economic advances.
The economy of Vietnam is a developing mixed socialist-oriented market economy, which is the 35th-largest in the world as measured by nominal gross domestic product (GDP) and 26th-largest in the world as measured by purchasing power parity (PPP) in 2022. It is a lower-middle income country with a low cost of living. Vietnam is a member of the Asia-Pacific Economic Cooperation, the Association of Southeast Asian Nations and the World Trade Organization.
Vanuatu's economy is primarily agricultural; 80% of the population is engaged in agricultural activities that range from subsistence farming to smallholder farming of coconuts and other cash crops.
The economy of Fiji is one of the most developed among the Pacific islands. Nevertheless, Fiji is a developing country endowed with forest, mineral and fish resources. The country has a large agriculture sector heavily based on subsistence agriculture. Sugar exports and the tourism industry are the main sources of foreign exchange. There are also light manufacturing and mining sectors.
The economy of Papua New Guinea (PNG) is largely underdeveloped with the vast majority of the population living below the poverty line. However, according to the Asian Development Bank its GDP is expected to grow 3.4% in 2022 and 4.6% in 2023. It is dominated by the agricultural, forestry, and fishing sector and the minerals and energy extraction sector. The agricultural, forestry, and fishing sector accounts for most of the labour force of PNG while the minerals and energy extraction sector, including gold, copper, oil and natural gas is responsible for most of the export earnings.
The economy of Niue is heavily dependent upon aid from New Zealand. Government expenditures regularly exceed revenues, and grants from New Zealand make up the shortfall and are used to pay wages to public employees. Niue has cut government expenditures by reducing the public service by almost half.
An island country, island state, or island nation is a country whose primary territory consists of one or more islands or parts of islands. Approximately 25% of all independent countries are island countries. Island countries are historically more stable than many continental states but are vulnerable to conquest by naval superpowers. Indonesia is the largest and most populated island country in the world.
The economy of Asia comprises about 4.7 billion people living in 50 different nations. Asia is the fastest growing economic region, as well as the largest continental economy by both GDP Nominal and PPP in the world. Moreover, Asia is the site of some of the world's longest modern economic booms.
Japanese foreign policy toward Southeast Asia, the diverse region stretching from South Asia to the islands in the South Pacific Ocean, was in part defined by Japan's rapid rise in the 1980s as the dominant economic power in Asia. The decline in East-West and Sino-Soviet tensions during the 1980s suggested that economic rather than military power would determine regional leadership. During the decade, Japan displaced the United States as the largest provider of new business investment and economic aid in the region, although the United States market remained a major source of Asia-Pacific dynamism.
Oceania is, to the People's Republic of China and the Republic of China, a stage for continuous diplomatic competition. The PRC dictates that no state can have diplomatic relations with both the PRC and the ROC. As of 2019, ten states in Oceania have diplomatic relations with the PRC, and four have diplomatic relations with the ROC. These numbers fluctuate as Pacific Island nations re-evaluate their foreign policies, and occasionally shift diplomatic recognition between Beijing and Taipei. The issue of which "Chinese" government to recognize has become a central theme in the elections of numerous Pacific Island nations, and has led to several votes of no-confidence.
The following outline is provided as an overview of and topical guide to Nauru:
Fiji and South Korea established official diplomatic relations in January 1971, Korea having recognised Fiji's accession to independence the previous year. There is a South Korean embassy in Suva and a Fijian embassy in Seoul. Fiji opened its embassy in Seoul in July 2012 to "foster trade and investment" and to "promote people-to-people exchanges".
The Republic of the Fiji Islands was the first Pacific Island country to establish diplomatic relations with the People's Republic of China, in 1975. China established an embassy in Fiji in 1976, and Fiji opened its embassy in China in 2001.
Climate change in Fiji is an exceptionally pressing issue for the country - as an island nation, Fiji is particularly vulnerable to rising sea levels, coastal erosion and extreme weather. These changes, along with temperature rise, will displace Fijian communities and will prove disruptive to the national economy - tourism, agriculture and fisheries, the largest contributors to the nation's GDP, will be severely impacted by climate change causing increases in poverty and food insecurity. As a party to both the Kyoto Protocol and the Paris Climate Agreement, Fiji hopes to achieve net-zero emissions by 2050 which, along with national policies, will help to mitigate the impacts of climate change.
