Low cost Micronesia Federation in HCM. Micronesia is an island nation located in the Pacific Ocean, northeast of Papua New Guinea .

Low cost Micronesia Federation in HCM . Micronesia is an island nation located in the Pacific Ocean, northeast of Papua New Guinea. This country is a sovereign state that freely links with the United States. The Federated States of Micronesia was formerly part of the Pacific Islands Trust Territory, a United Nations-run Trust Territory. In 1979 they wrote a constitution, and in 1986 independently under the Treaty of Freedom of Association with the United States. The current issues of concern are high unemployment rates, exhausted fishing, and heavy reliance on US aid. Low cost Micronesia Federation in HCM.

Micronesia is located in an area called Micronesia, which consists of hundreds of small islands divided into seven territories. From Micronesia it is possible to refer to this Union but also to the whole region, although the lack of a centralized government makes it a collection of sovereign states, not a nation.
This coral and volcanic archipelago was home to Micronesia and Polynesia, a Spanish colony in the 17th century, invaded by Germany (1899), Japan (1914) and then the United States (1944). . In 1947, the United Nations authorized the control of the islands for the United States. Federated States of Micronesia.

The Federated States of Micronesia enjoyed autonomy in 1979. In 1983, Micronesia voted to accept the Compact of Free Association Agreement with the United States. Micronesia became an independent nation linked to the United States in 1986. It joined the United Nations in 1991, becoming a member of the International Monetary Fund (IMF) in 1993. Micronesia and many other countries Another part of the South Pacific region is warned of rising temperatures, global warming, and rising ocean levels causing inundation in low-lying coastal areas.
Micronesia is a federal country of the Micronesia Islands; 600 islands, large and small, occupy most of the Caroline Islands, including four large islands: Chuuk, Kosrae, Pohnpei and Yap, in the Western Pacific, north of the equator, about 5,150 km from Hawaii to the Northwest. Geologically, these island groups vary from islands with high mountains to relatively low atolls with exposed volcanoes on Pohnpei, Kosrae, and Chuuk islands.

Natural resources Forests, seafood and minerals on the sea floor.

Micronesia is located in a tropical climate, with heavy rainfall all year round, especially the islands in the East, and the group of islands in the South located in the typhoon belt, often severely damaged.
The territory is mostly marine, so tourism and fisheries are important sectors. Coconut, tapioca, tomato are export products. In addition, the economy relies on US assistance with about US $ 1.3 billion from 1986 to 2001.

Marine resources are Micronesia's main strength. Each year Micronesia charges a fishing fee of about US $ 4 million. The tourism industry is also quite developed (mainly tourists from Japan).

Micronesia's economy is heavily dependent on outsiders, especially US assistance.

Under the Compact of Free Association, the United States provided Micronesia with US $ 1.3 billion from 1986 to 2001.
The population of Micronesia is currently about 107,862 people. The indigenous people of the Federated States of Micronesia, mostly Micronesia, consist of different ethnic and linguistic groups. The main ethnic groups are the Chuuk 48.8%, the Pohnpei 24.2%, the Kosraea 6.2%, the Yape 5.2%, the Yap islands 4.5%, Asian 1.8% , 1.5% Polynesian, 6.4% other, unknown 1.4%. A sizable minority is the Japanese who settled during the Japanese fascist period.

There has also been an increase in the population of foreigners such as Americans, Australians, Europeans, and Chinese, Filipinos coming from the 1990s. English has become the official language of the government as well as for teachers. secondary and tertiary education. In addition to the main cities of the four states, the local languages ​​are mostly spoken in small and rural islands. Population growth is still high at more than 3% per year. Low cost Micronesia Federation in HCM