Economic Area of Oceania

The objectives of the subject “Economic Area of Oceania” are the following:

1. To define the characteristics of the Economic Area of Oceania of the Western-Christian Civilisation
2. To analyse the influence of Christianity on the Economic Area of Oceania
3. To know the economic profile of the countries of Oceania
4. To understand the economic integration process in Oceania of the Western Civilisation
5. To explore the economic relations with the other civilisations (Sinic, Hindu, Islamic, African, Buddhist) and with the other areas of the Western Civilisation (American and European)
6. To analyse the main economic organisations related to the Economic Area of Oceania

Related Subjects to the “Economic Area of Oceania.”

1- Introduction to the Economic Area of Oceania of the Western-Christian Civilisation

1. Introduction to Oceania
2. The three countries of Oceania members of the Asia-Pacific Economic Cooperation (APEC)
   1. Australia
   2. New Zealand
   3. Papua New Guinea
3. Island Countries and States of Oceania (Micronesia, Melanesia, and Polynesia): the Cook Islands, the Federated States of Micronesia, Fiji, Kiribati, Nauru, Niue, Palau, the Republic of the Marshall Islands, Samoa, Solomon Islands, Tonga, Tuvalu, and Vanuatu

2- Processes of the economic integration in Oceania.

1. Australia-New Zealand Closer Economic Relations Trade Agreement
2. Pacific Islands Forum (PIF)
3. Oceania Customs Organisation (OCO)
4. Pacific Trade and Economic Agreement (PACER Plus)
5. Pacific Islands Countries Trade Agreement (PICTA)

3- Relationships of Oceania with other civilisations.

Both Australia and New Zealand are part of two inter-civilisation agreements:

1. Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
2. ASEAN-Australia-New Zealand Free-Trade Area

Australian Free Trade Agreements (FTA).

1. FTA with the Christian Civilisation:
   1. Latin American: Chile
   2. North American: United States
2. FTA with the Sinic-Buddhist Civilisation: Singapore
3. FTA with the Hindu Civilisation: India
4. Agreement with the Islamic Civilisation: FTA with the Gulf Cooperation Council (GCC)
5. Inter-civilisation Agreements:
   1. Indian-Ocean Rim Association (IORA)
   2. New Zealand-Thailand Closer Economic Partnership

New Zealander Free Trade Agreements (FTA).

1. FTA with the Sinic-Buddhist Civilisation: China, Singapore, and Hong Kong
2. FTA with the Hindu Civilisation: India

4- Other Economic Institutions and Organisations related to Oceania.

1. Boao Forum for Asia
2. Economic and Social Commission for Asia and the Pacific (ESCAP)
3. Forum for East Asia-Latin America Cooperation (FEALAC)
4. Asia-Europe Meeting (ASEM)
5. Colombo Plan
6. Pacific Economic Cooperation Council (PEEC)

Description: Economic Area of Oceania of the Western-Christian Civilisation.

Oceania.

1. Population of Oceania: 39 million people, with a population density of 3.4 inhabitants/square kilometres
2. Oceania is the least populated continent
3. 92% of the population lives in Australia, New Zealand, and Papua New Guinea
4. Life expectancy: 70 years
5. Area of Oceania: 9,008,458 square kilometres (the smallest continent)
6. There are over 25,000 islands in the Pacific
7. About 87% of the people in Oceania are Christians
8. Oceania contributes only 1% of the world production
9. Australia and New Zealand are the largest economies

Australia, New Zealand, and Papua New Guinea have much cultural, religious and political (Commonwealth) proximity and strong economic relations (APEC, TPP) with the United States and other European Countries (United Kingdom).

(c) EENI Global Business School (1995-2021)
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