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Palau: Free Association
built 655 days ago
The main economic challenge confronting Palau is to ensure the long-term viability of its economy by reducing its reliance on foreign assistance. The Compact of Free Association created a trust fund to provide perennial budget support when U.S. direct assistance ends in 2009. The value of the trust fund in 2007 was approximately $175 million.
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Dai Nguyen, field member of the USIM, said their group will look into alternative areas that have strong ties with the U.S. like Palau to rehabilitate the rescued Vietnamese girls who were forced into prostitution in Cambodia. Palau is an independent nation “freely associated” with the U.S.
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In 2005 Palau continued to enjoy one of the highest living standards in the Pacific region, thanks to disbursements by the U.S. under the Compact of Free Association. Palau was allocated $12.8 million in direct assistance from the U.S. during the year.
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One bottle of liquor and up to 200 cigarettes can be brought into Palau duty-free. Importation of controlled substances and weapons is strictly prohibited. Proof of citizenship (passport or birth certificate) by U.S. citizens is required. Visas are not required. Non-U.S. citizens must have a valid passport.
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