25 Nov 2013

American Samoa's economy warning prompts call for investment

4:33 pm on 25 November 2013

The American Samoa Chamber of Commerce says the territory's weak economy needs more foreign investment.

The chairman, David Robinson, says the impact of not having any new investment is that no new jobs are being created, and so higher unemployment.

He says until American Samoa has a broadening economic base, it is going to be very difficult for any advancement in the economy.

Mr Robinson says the Government needs to look to policy reforms in the areas of tax reform, the cost of utilities, transportation and availability of land.

He says the next minimum wage increase may also impact on small businesses struggling to make ends meet.

"If it so happens that in 2015 we get another minimum wage increase and the economy hasn't improved significantly between now and then, then it's going to be even worse and worse and worse for small businesses and medium-sized businesses to continue on."

The chairman of the American Samoa Chamber of Commerce, David Robinson.