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Located in the central South Pacific Ocean, among the westernmost of the island countries of Polynesia, Samoa is known as the “Cradle of Polynesia”. Samoa’s capital and main commercial center is Apia, on the island of Upolu. The country’s major trading partners include New Zealand, China, Australia, the United States, and Japan. Food, industrial supplies, machinery, consumer goods, and petroleum products are the main imports of the country. Coconut products, copra, cacao, and beer account for a majority of exports. Samoa’s diversified light manufactures include beer, cigarettes, coconut products (mainly creams and oils), corned beef, soap, paint, soft drinks and juices, and handicrafts. Most are produced for local markets. A member of the Commonwealth of Nations, Samoa is a politically stable unitary parliamentary democracy
Samoa’s economic freedom score is 68.3, making its economy the 40th freest in the 2022 Index. Samoa is ranked 7th among 39 countries in the Asia–Pacific region and its overall score are above the regional and world averages.
Exchange Control covers the regulation of foreign exchange transactions between Samoa and the rest of the world, including the buying and selling of foreign currency in Samoa. These regulations assist the Central Bank of Samoa to monitor capital inflows and controlling capital outflows.