Loading ...INDUSTRY INFORMATION
The Government of Tonga welcomes private sector investment in all sectors of the economy, with the exception of a short list of prohibited activities closed to all investors to protect public health and safety.
The Government believes that the areas of greatest comparative advantage for Tonga lie in the tourism, agriculture and fishing sectors. Opportunities also exist in manufacturing and in the construction industry. While some investment incentives are currently available under the Industrial Development Incentives Act, these will be withdrawn as soon as Tonga’s new Customs Act is promulgated.
Agriculture
Agriculture remains the most important source of livelihood for many Tongan people. It contributes around one quarter of GDP, and together with fish, constitutes almost all of Tonga’s merchandise exports. Given the importance of some specific agricultural activities to local livelihoods, the Government has determined that production and farming of the following should be reserved for Tongan citizens…Read more »
Fishing
Fishing is a key contributor to the Tongan economy. It is also an important source of income and food for a significant portion of the population, and in view of this, the Government has replaced limits on foreign involvement in some aspects of fisheries. Schedule 1 of the Foreign Investment Regulations 2006 outlines those fishing activities that are reserved for Tongan subjects only, and includes: Read more »
Tourism
The Government of Tonga believes the tourism sector has great future potential. Major attractions focus on the unspoilt scenery and sea, with superb diving, fishing and sailing. Traditional Tongan customs and culture provide a friendly welcome for visitors.. Read more »
Manufacturing
While acknowledging the constraints imposed by small market size and relatively high business costs, the Government is supportive of growing Tonga’s manufacturing base. Current production includes furniture, food and beverages (bakery lines, soft drinks, and beer), fabrication using imported materials, manufacturing of construction materials and small boat building. Paint is exported from Tonga to a number of nearby Pacific Island markets. Read more »
