1. The Cook Islands

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					1. The Cook Islands

   Population: 17,900 (2000)
   Land Area: 200 square kilometres
   Exclusive Economic Zone: 1,830,000 square kilometres
   Political Status: self-governing nation in ‘free association with New Zealand’, since 1965
   GNP: $82 million (1999)
   Major Industries: tourism, black pearl cultivation
   Merchandise Exports (FOB): US$9 million (2000)
   Major Exports: pearls; fruit (fresh and canned); and clothing
   Merchandise Imports (CIF): US$51 million (2000)
   Major Imports: machines, transport equipment; food and live animals; and mineral fuels
   Currency: New Zealand Dollar
   Average Exchange Rate: US$1 = NZ$2.2012 (2000)
   168° W                   164° W                 160° W                   156° W
                                                                 Penrhyn Atoll
                                        Manihiki                                  10° S
                              NORTHERN GROUP

                                  Suwarrow Atoll

                                                                                  14° S

                       C O O K I S L AN D S

               Palmerston A
                       on Atoll
                                                                                  18° S
                                      Takutea    Mitiaro
                                           Atiu   Mauke
                        SOUTHERN GROUP

 IKAO         AVARUA                                                              22° S

 ARORANGI                   MATAVERA

        RAROTONGA            NGATANGIIA
                     MURI                              0       Kilometres   400
                              0   Kilometres 30
Location                                                                                      recent years, development assistance from New Zealand and Australia and remittances
                                                                                              from the large number of Cook Islanders living in New Zealand and Australia remain
The Cook Islands are located immediately east of the Kingdom of Tonga and to the west
                                                                                              very important to the economy.
of Tahiti and the islands of French Polynesia. The Cook Islands are of equal distance
south of the equator as Hawaii is north. Comprising 15 small islands (total area of only      The GDP in the Cook Islands was US$82 million in 2000 and the country enjoys one
200 square kilometres) and falling within two groups, the northern group and southern         of the highest GDPs per capita in the South Pacific region.
group, the islands are scattered over 1.8 million square kilometres of ocean.                 Real GDP grew by 3.2% in 2000, led by growth in tourism. Tourism receipts improved
The total population of the Cook Islands is approximately 17,900 people of which nearly       by 8% to US$32.3 million as visitor numbers reached a record 64,500. This was partly
70% live in the capital, Rarotonga. Cook Islands Maori is the indigenous language but         due to more visitors from the northern hemisphere, reflecting a strong United States
English is widely spoken throughout the country.                                              dollar, and political instability in the Fiji Islands that prompted tourists to switch
                                                                                              destinations. The black pearl industry and the commercial agriculture sector also
Government                                                                                    showed moderate growth rates of 6% and 4%, respectively.
The Cook Islands became an independent nation in free association with New Zealand            A breakdown of GDP by industry is shown in the figure below (Figure 1.1), followed by
in 1965. It is a parliamentary democracy based on the Westminster system. Queen               a table outlining total GNP and GNP per capita (Table 1.1). Table 1.2 shows the growth
Elizabeth II is the head of state and is represented by a Governor-General.                   rates of GDP and major sectors in the Cook Islands.
Under the terms of its free association with New Zealand, Cook Islanders hold New
Zealand citizenship and enjoy the right of free access to New Zealand.                        Figure 1.1: GDP by Industrial Origin (%) Calendar Year 2000
The Cook Islands’ Parliament consists of 25 elected members, with the Speaker                             (At current market prices)
appointed from outside the elected members. Parliamentarians are elected every five
years, by universal suffrage. While not elected, hereditary traditional leaders (Ariki)                                  Other 7%                      Agriculture 16%
maintain considerable influence over matters relevant to the welfare of the people and
control large areas of communal land held in traditional ownership.                                                                                                 Mining and
                                                                                                                                                                  Manufacturing 3%
The legal system is similar to that of New Zealand and is based on common law. The            Public Administration
judicial system comprises the High Court, which exercises jurisdiction in respect of civil,                                                                                  Electricity, Gas
criminal and land title matters; the Court of Appeal, which hears appeals against                                                                                            and Water 2%
decisions of the High Court; and the Privy Council in London, which is the final
                                                                                                                                                                           Construction 3%
appellate for the country.
                                                                                              Finance 10%
Economic Profile and Performance
The Cook Islands’ economy faces many of the development impediments common to
other small island states in the Pacific region: relatively limited natural resources,
remoteness from major trade and industrial centres, and a diminishing labour force.
                                                                                                    Transport and
Despite these constraints, the Cook Islands has developed a successful tourism                   Communications 16%
industry and the government has given high priority to its further growth.
                                                                                                                                              Trade (includes Restaurants and
The development of the marine resources contained within the Cook Islands’ large                                                                   Accommodation 30%
Exclusive Economic Zone (EEZ) has also been given priority, including black pearl
farming in the northern group of islands. Despite some economic diversification in            Source: Asian Development Bank: Growth and Change in Asia and the Pacific Key Indicators 2001.

Table 1.1: Total GNP (US$ Million) and GNP per Capita (US$)                                      While no official figures are released on the level of debt service, the government has
                                             1997             1998                  1999         reported improvements in this regard.

Total GNP (US$ million)**                      95                 78                   82
                                                                                                 Table 1.4: Government Finance Indicators (% of GDP)
GNP per Capita (US$)                        5,210            4,500                 5,020
                                                                                                                                                       1999*                 2000*
Source: Asian Development Bank: Growth and Change in Asia and the Pacific Key Indicators 2001.
                                                                                                 Taxes                                                  24.4                 26.0
**Data are in terms of GDP converted from national currency to US$ using the average exchange
rate for the year.                                                                               Total Expenditure                                      34.4                 34.3
                                                                                                 Fiscal Balance                                         –2.4                   2.4
Table 1.2: Growth Rates of GDP and Major Sectors (%)                                             Health                                                  3.1                   2.9
                   1995         1996         1997         1998          1999       2000*         Education                                               5.2                   3.6
GDP                –4.4          –0.1          -3.9       –3.2            5.8         9.8        Housing and Community Amenities                         4.3                   3.9
Agriculture        –2.5           4.9              6.3   –14.0          –27.5       32.4         Source: Asian Development Bank: Growth and Change in Asia and the Pacific Key Indicators 2001.
Industry          –15.9          –5.2              6.6      3.3           7.0         6.8        *Provisional/Preliminary/Estimate/Budget figure.
Services           –3.6          –0.8         –7.4        –0.8           14.0         6.5
Source: Asian Development Bank: Growth and Change in Asia and the Pacific Key Indicators 2001.
                                                                                                 Total merchandise trade for 2000 was equivalent to 65% of GDP. In comparison,
                                                                                                 merchandise trade in 1999 amounted to 55% of GDP. The trade deficit rose to US$42
*Provisional/Preliminary/Estimate/Budget figure.                                                 million, or 53% of GDP, from 47% of GDP in 1999. While the trade balance has
                                                                                                 deteriorated since 1990, the current account has consistently been in surplus because
Inflation in 2000 was 2%, a moderate increase from the 1999 rate of 1.4%. Inflation              tourism has been a major source of foreign exchange. The current account surplus for
rose through the three-quarters ending September 2000 to reach 3.5%. Employment                  2000 was 5.9% of GDP.
expanded strongly in 2000, as a flow-on effect of the growth in tourism that stimulated          The official medium-term forecasts are for GDP growth to remain at slightly over 3% a
buoyant demand in the retail, commercial agriculture, and restaurant and hotel sectors.          year in 2001 and 2002. These do not take account of several large hotel and aid-
                                                                                                 assisted infrastructure developments that may occur in the period. Growth may also be
Table 1.3: Annual Average Consumer Price Index (1990 = 100)                                      larger than forecast if a commercial long-line fishing venture comes to fruition. Inflation
                                                                                                 is projected to decline in 2001 and 2002 to around 1%. The budget surplus is
                               1998         1999            2000                                 projected to fall slightly in 2000, largely reflecting higher government spending on
Consumer Price Index                        121.4             123.0                 126.9        infrastructure to support the tourism industry. Net government debt is forecast to
Annual Change (%)                                  0.8            1.3                  3.2       decrease slightly to 72.4% of GDP by 2002. This is due to stronger projected real
                                                                                                 GDP growth. However, the debt burden will remain high, even if the government
Source: Asian Development Bank: Growth and Change in Asia and the Pacific Key Indicators 2001.   maintains its commitment to observing manageable debt levels (which are expected to
                                                                                                 decline to 70% of GDP by 2003). The current account balance is forecast to improve
The budget surplus in 2000 was US$1 million. Tax revenues increased by 15.3%,                    in 2001 and 2002 on the basis of increased returns from tourism receipts and new
reflecting improved trading conditions for the private sector and settlement of large tax        investment activities.
assessments. Government expenditure rose by 7.5% to US$23 million. Government                    The government’s principal policy issue is to complete the Economic Restructuring
debt stood at 74.5% of GDP in 2000, an improvement on the 1999 level of 77.2%.                   Programme that began in 1996, and to consolidate its achievements.

In respect of improving the economic content for the private sector, progress has been       Manufacturing: The manufacturing sector in the Cook Islands is relatively small and
made in tax reform and effective promotion of the Cook Islands as friendly to foreign        most of the products are geared for sale in the local market. The locally produced
investors. Areas still requiring government attention include tariff reform, privatisation   products include a variety of processed foods (bakery items, ice cream, jams, chutneys,
(with appropriate attention to the regulatory framework), and a review of laws and           dressings), a variety of small timber products, including artifacts, and resort garments
regulations affecting the operation of markets for labour and transport services.            such as printed T-shirts. Some garments are produced for nearby export markets. There
Improved environmental management is also needed if growth is to be sustainable.             is also a small coffee-roasting operation on the island of Atiu.
                                                                                             Financial Services: The Cook Islands Offshore Financial Centre was established in
Industry Sectors                                                                             the early 1980s. Overseas companies registering with the Centre are granted special
Tourism: Tourism is the largest single contributor to GDP with the number of arrivals        status involving exemptions from local taxation and other charges. A number of
in 2000 reaching a record of 64,500 visitors. Most visitors are from New Zealand and         international companies and banks are operating under these arrangements.
Australia with an increasing number from North America following the introduction of         There are only limited forest reserves and the Cook Islands has no known mineral
direct charter flights from Hawaii.                                                          resources.
There is a wide selection of tourist accommodation facilities on Rarotonga and a variety
of restaurants and night clubs to support the industry.                                      Imports/Exports
While tourism development has been focused on the main island of Rarotonga,                  Total merchandise trade in 2000 consisted of US$9 million in exports in a narrow range
increasingly there is tourism-related infrastructure, such as small guest houses, being      of primary products (predominantly black pearls), and US$51 million in imports
developed on islands in the southern group.                                                  (principally food and live animals, machinery, and transport equipment). Most exports
Marine: The Cook Islands produces and supplies 20% of the world’s black pearls.              went to Australia, Japan and New Zealand, while imports primarily came from New
While the industry is still very much in its infancy in terms of production and exposure,    Zealand (Figure 1.2).
it does provide the Cook Islands with its second-largest foreign exchange earner after       In June 2000, the Cook Islands became party to the Partnership Agreement between
tourism. Nearly all exports are in an unprocessed form with only limited manufacturing       the African, Caribbean and Pacific states, and the European Union (EU). This may
of jewellery undertaken for the local tourist market.                                        improve access to the EU’s trade and tourism market.
There is little known about the fisheries stocks in the Cook Islands, though migratory
species of tuna are found in the northern group where long-line fishing is undertaken by     Figure 1.2: Direction of Trade, Calendar Year 2000
foreign vessels from Taiwan and Japan under licence from the government. Beyond
subsistence fishing there is limited activity in this sector. A potential seaweed-growing
project has been identified in the outer islands of the northern group.                             Hong Kong, China 1%         Other 5%                             Japan 27%
Agriculture: Due to the limited land area, the Cook Islands does not have large              United States 8%
plantation-style agriculture and most activity involves small-scale, subsistence-based
growing of tropical fruits and vegetables. The recent development of a noni fruit industry
could prove a viable export earner. Pawpaws and vanilla beans are exported to New
Retail/Wholesale: There are a large number of retail and wholesale operations in
Rarotonga and most of these companies handle imported products.
Construction: Several local companies undertake small construction projects throughout         Australia 34%
the Cook Islands. For the larger projects, overseas companies tender for contracts.
                                                                                                                                                         New Zealand 25%

                                          Imports                                                Infrastructure
                        Japan 2%       Other 4%                                                  Rarotonga is well served by sealed roads. In 1997, a total of 5,552 vehicles were on
                                                                         New Zealand 61%         the road, of which 56% were private cars and motor cycles and 16% were trade
     United States 9%
                                                                                                 vehicles. The island is also well served by taxis, rental vehicles and passenger bus
Australia 6%                                                                                     services. Apart from the island of Aitutaki, roads on the outer islands are basic, and are
                                                                                                 made from limestone.
                                                                                                 Direct air services with Air New Zealand operate seven days a week between Auckland
                                                                                                 and Rarotonga. Air Rarotonga provides daily domestic flights from Rarotonga to the
                                                                                                 southern group of islands and three flights a week to the northern group of islands.
     Fiji 18%                                                                                    Rarotonga is also the major shipping port of entry with berthage for vessels up to 95
                                                                                                 metres in length and a draft of up to 5.2 metres. A regular shipping service runs every
Source: Asian Development Bank: Growth and Change in Asia and the Pacific Key Indicators 2001.   21 days: Express Cook Islands Line originates from New Zealand with calls at other
                                                                                                 nearby Pacific Islands ports including Tonga, Niue and Samoa. The Pacific Forum Line
                                                                                                 also has an Auckland–Rarotonga direct service every three weeks and Mataroa
Labour and Human Resources                                                                       Shipping Limited operates services from Auckland every four weeks. Transshipments
                                                                                                 from Australia and the United States are via Tonga, Samoa and American Samoa. Taio
Formal unemployment in the Cook Islands is low and there is a shortage of skilled and            Shipping Line provides a weekly inter-island shipping service. The island of Aitutaki is
qualified workers in both the public and private sectors.                                        the next important port of entry but vessels must anchor at the roadstead and cargo
The education system is based on New Zealand’s system and school is compulsory                   lightered ashore. Both ports are administered by the Ports Authority and are capable of
between the ages of 5 and 15 years. The government provides free education at primary            handling container cargo. In the outer islands, cargo is lightered from vessels at the
and secondary school levels.                                                                     roadstead anchorage.
Tertiary training is also provided by the Teacher’s Training College, the Nursing School,        Domestic and international telecommunications are reasonably well developed with
the Trade Training Centre and the Hospitality and Tourism Training Centre. The                   International Direct Dial telephone and facsimile services to all islands as well as an
University of the South Pacific has an extension centre, which provides vocational,              Internet service on Rarotonga, Aitutaki and Atiu.
foundation and degree courses.                                                                   Electricity is diesel-generated throughout the country. Rarotonga and Aitutaki have
There has been an outward migration of skilled and qualified workers, creating a                 reticulated water-supply systems and the outer islands rely on rainwater catchment
concern around the issue of maintaining a skilled labour force. Residents of the Cook            and storage.
Islands hold New Zealand citizenship and can freely access the New Zealand and                   Local agents provide freight forwarding for worldwide companies (DHL, UPS and
Australian job markets as well as those countries’ health, education and social security         Federal Express).
systems. A lack of suitable staff may hold back expansion of the tourism sector.
Continued economic growth may, though, create the wage growth and employment                     The Australia New Zealand bank (ANZ) and Westpac Banking Corporation provide
demand necessary to encourage Cook Islanders to return home.                                     domestic and international banking services. The Cook Islands Savings Bank
                                                                                                 offers only domestic services. The Cook Islands Savings Bank provides developmental
The government recognises that foreign investors may necessarily require experienced             loans for local businesses as well as a commercial banking service.
and qualified expatriate managerial and technical staff, and work permits can be issued
when required.                                                                                   A number of banks, trust companies and international insurance companies are also
                                                                                                 established under the Cook Islands offshore financial regime but are not permitted to
The Cook Islands’ minimum wage rates and labour relations are laid down in the                   operate within the onshore jurisdiction.
Industrial and Labour Ordinance. Currently the minimum wage is $US1.80 an hour.

Investment Policy and Regulations                                                           •   Agriculture and livestock production:
                                                                                                – commercial agriculture, horticulture and livestock productions and operations;
The Cook Islands’ government actively encourages economic investment and the
                                                                                                – processing, preparation or conversion of agriculture, horticulture and livestock
establishment of new enterprises and business activities that make a positive
                                                                                                  products; and
contribution to the economic and social development of the country.
                                                                                                – other agro-based activities.
All foreign investment in the Cook Islands is governed by the Development Investment
                                                                                            •   Fisheries and marine production:
Act 1995–1996. The Act provides for general investment regulations and
                                                                                                – commercial fishing for export;
                                                                                                – production and processing of aqua-culture and other marine products (including
Investment policy is focused on giving the greatest encouragement to activities that will          fish product);
generate:                                                                                       – black pearl farming.
• increased employment for Cook Islanders, including the development of skills and
                                                                                            •   Manufacturing:
                                                                                                – commercial manufacturing and production of local handicrafts, artifacts,
• increased development in the outer islands;
                                                                                                  intellectual products (such as music, art, etc.) and other local products having a
• increased exports to new and existing markets; and
                                                                                                  high value-added component.
• increased import substitution.
                                                                                            •   Processing:
Every foreign enterprise wishing to carry on business in the Cook Islands where foreign
                                                                                                – the fabrication, processing or reassembly of components and semi-finished
equity exceeds 33% must apply for registration with the Development Investment Board.
                                                                                                  goods for re-export.
Foreign investment applications and the associated investment incentives and
                                                                                            •   Outer-islands development:
concessions are also reviewed by the Development Investment Board.
                                                                                                – any of the above activities which are established in the outer islands.
In addition to compliance with the Development Investment Act 1995–1996, sector-
                                                                                            •   Offshore Financial Services:
specific investments shall be subject to appropriate legislation, including:
                                                                                                – the establishment of a new trustee company or offshore banking service by
• agriculture Act(s);
                                                                                                  promoters of established repute, having an existing broad client base and increasing
• Real Estate/Land Facilitation of Dealings Act 1970; and
                                                                                                  the range of services offered by the Cook Islands as an offshore banking service.
• Marine Resources Act 1989.
                                                                                            Applications for incentives or concessions must satisfy the following investment criteria
Proposals are considered and resolved by the Development Investment Board with the
                                                                                            before approval is granted.
approval of applications within 10 to 20 working days, depending on the quality of the
information provided.                                                                       •   Net economic contribution to the country:
                                                                                                – local employment generated by the project;
Investment areas and activities which are in the scope and capability of Cook Islands
                                                                                                – new skills and technology transfer to the Cook Islanders generated by the project;
businesses and investors to develop are set aside as reserved investment areas for
                                                                                                – real capital injection into the project;
Cook Islanders. However, a number of investment areas have been identified as priority
                                                                                                – export earnings;
investment areas. Investment in these areas is encouraged.
                                                                                                – imports substituted;
The following activities are, in broad terms, the priority investment areas.                    – taxes and revenues generated to the Cook Islands; and
•   Tourism:                                                                                    – raw materials and service for value-added processing.
    – new accommodation premises (higher value, but also backpacker);                       •   Social impact:
    – existing accommodation premises (upgrading and improvement);                              – will the project have a beneficial or neutral effect on the social and cultural fabric
    – other tourism-related activities; and                                                       of the Cook Islands or the community where the project will be located?
    – outer island tourism development.

An enterprise or activity which is owned one-third or more by an overseas investor must      •   garment manufacture of traditional handicrafts and artifacts (including commercial
first obtain approval for registration as a foreign enterprise before carrying on business       reproductions);
in the Cook Islands. An application for registration as a foreign enterprise is separate     •   bakeries and pastry shops;
and distinct from an application for incentives and concessions. Cook Islands investors      •   motor garages and gas filling stations;
engaging in the development or expansion of projects identified in ‘priority investment      •   panel beating and body repair activities;
areas’ are eligible to apply for incentives and concessions.                                 •   taxi, transfer and passenger bus operations;
                                                                                             •   rental vehicles;
An applicant applying for registration as a foreign enterprise will be considered for
                                                                                             •   building construction;
approval in accordance with the following criteria:
                                                                                             •   wholesale and retail operations, except where they are part of onshore manufacturing
• whether the applicant and investors are of good character and are financially sound;
                                                                                                 and processing plants;
• whether the proposed activity falls within the priority investment areas;
                                                                                             •   cinema operations;
• whether the investment of activity has satisfied the investment criteria;
                                                                                             •   mobile food stalls and takeaway food bars;
• whether the investors have a Cook Islands partner in the enterprise; and                   •   trucking and cartage operations;
• environmental impacts.                                                                     •   taverns and public bars;
The types of investment incentives and concessions available to investors include tariff     •   duty-free shops;
protection; import duty concessions and exemptions, fiscal incentives and work and           •   night clubs, except modern discotheques;
residence permits:                                                                           •   laundry and dry-cleaning;
• Tariff protection may be recommended in rare cases where the activity is import            •   rental vehicle operations;
    substituting or protection will support safety to the environment and community.         •   diving operations;
• Partial or full import duty concessions and exemption may be granted to an enterprise      •   water-sports operations (water skis, para-sailing, jet-skis, etc.);
    on the importation of plant, equipment and machinery or construction material            •   lagoon-based tour operation;
    provided certain conditions exist.                                                       •   budget visitor accommodation;
• Fiscal incentives include 100% depreciation write-off on assets acquired after             •   private home visitor accommodation;
    1 April 1997, if the asset has not been held or used in the Cook Islands by any          •   travel agencies;
    person before the date on which the tax payer acquired it.                               •   egg production and farming; and
• Work and residence permits may be granted for periods up to three years to key             •   audio and video production.
    personnel or employees of an approved enterprise.
All areas not covered in ‘Priority Investment Areas’ shall be deemed reserved investment
areas. As a general rule, foreign investors will not be encouraged or permitted to invest    Land ownership in the Cook Islands is under customary land tenure where, typically,
in these activities except where:                                                            several indigenous owners may own a block of land. Purchase of land under a freehold
• foreign ownership and control of the enterprise is less than one-third; or                 title is not permitted. The maximum lease obtainable by a non-Cook Islander is 60 years.
• there are special circumstances relating to a specific venture.                            All lease agreements that exceed five years require approval from the Lease Approval
                                                                                             Committee. Foreign enterprise registration by the Development Investment Board is a
These reserved investment areas include, but are not limited to:                             prerequisite for lease assignments to non-Cook Islanders.
• copra production and processing;
• pork and poultry production, including other livestock;
• commercial harvesting of pearl shell, shell fish and other reef and lagoon products;
• screen printing of fabrics and other piece goods;
• garment manufacture for local sale;

Taxation and Other Regulations                                                             Manufacturing: The government encourages small-scale manufacturing, fabricating
Company tax is charged at 20% and individual income tax rates are as follows:              or assembly of import-replacement or export-orientated products. Of particular interest
                                                                                           would be the manufacture of packaging materials, small electrical-assembly operations
Individual Income Tax Rates                                                                and basic construction materials.
First US$2,700                                           Tax free
US$2,701 – US$4,500                                        20%                             U S E F U L C O N TACT S
US$4,501 – US$13,500                                       25%                             ANZ BANK LIMITED                             DEVELOPMENT INVESTMENT BOARD
                                                                                           1st floor, CIDB Building                     Private Mail Bag
US$13,501 and over                                         30%                             PO Box 907                                   Avarua
                                                                                           Rarotonga                                    Rarotonga
A Value-added tax of 12.5% is levied on all economic activity – it is a consumption tax.   COOK ISLANDS                                 COOK ISLANDS
A 15% withholding tax is levied on payments of interest and dividends for overseas         Telephone: (682) 21 750                      Telephone: (682) 24 296
                                                                                           Facsimile: (682) 21 760                      Facsimile: (682) 24 298
                                                                                           Email:                      Email:
Cook Islands do not have exchange controls or regulations that hinder the repatriation     Website:                 Website:
of capital, profits, dividends, royalties, loan payments, interest earned on loans and
                                                                                           BANK OF THE COOK ISLANDS
other forms of foreign owned finance.                                                      PO Box 113                                   MINISTRY OF FINANCE AND
                                                                                           Rarotonga                                    ECONOMIC MANAGEMENT
Investment Opportunities                                                                   COOK ISLANDS                                 PO Box 41
                                                                                           Telephone: (682) 29 341                      Rarotonga
The following sectors offer opportunities in the Cook Islands for foreign investors.       Facsimile: (682) 29 343                      COOK ISLANDS
Tourism: Tourism facilities on Rarotonga are generally well developed but                  Email:                        Telephone: (682) 29 511
opportunities exist for investment in accommodation, including in upmarket resort-style                                                 Facsimile: (682) 21 511
                                                                                           BUSINESS AND PROFESSIONAL                    Email:
accommodation, restaurants, night clubs and fishing and cruise charters. A number of       WOMEN’S ASSOCIATION
small-scale tourism opportunities also exist on the outer islands in both the southern     PO Box 891                                   SMALL BUSINESS ENTERPRISE CENTRE
and northern groups, including accommodation and related service activities.               Rarotonga                                    Private Bag
                                                                                           COOK ISLANDS                                 Avarua, Rarotonga
Agriculture: Opportunities include import-replacement and export-related agriculture       Telephone: (682) 26 189
projects, including livestock production and the processing of pawpaws, taro, vanilla                                                   COOK ISLANDS
                                                                                           Facsimile: (682) 26 189                      Telephone: (682) 27 201
beans and noni products.                                                                   Email:
                                                                                                                                        Facsimile: (682) 27 202
Marine: The large lagoon areas of the northern group are ideal for live fish export,       COOK ISLANDS CHAMBER                         Email:
smoked fish operations and the processing of seaweed.                                      OF COMMERCE
                                                                                           PO Box 242                                   WESTPAC BANK, COOK ISLANDS
Once the black pearls are removed, most pearl shells are destroyed. There is, therefore,                                                PO Box 42
an opportunity for the export of this by-product or the processing of pearl shell,         Rarotonga                                    Rarotonga
including buttons and mother-of-pearl products such as jewellery and fashion               COOK ISLANDS                                 COOK ISLANDS
accessories.                                                                               Telephone: (682) 20 925                      Telephone: (682) 22 014
                                                                                           Facsimile: (682) 20 969                      Facsimile: (682) 20 802
Jewellery: There is a huge potential for value-adding to black pearls through export-
                                                                                           Email:                    Email:
orientated jewellery manufacturing activities.


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