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Anguilla Travel Guide - Business

 

 


GDP: US$252 million (2003).
Main exports: Fish, lobster and salt.
Main imports: Fuels, food, manufactured goods, chemicals, trucks and textiles.
Main trade partners: North America (mainly USA) and the Caribbean Region (Caricom, St Martin/St Maarten and others).

Economy

Industries include fishing and fish processing, salt mining, boat manufacture (both traditional and contemporary crafts) and construction. Most of the island’s agricultural produce is, however, for domestic consumption.

The service sector, specifically tourism and financial services, is responsible for the great majority of economic output. Tourism accounts for approximately 40% of GDP.

The financial sector has been damaged by a series of scandals, which, along with growing competition from other Caribbean micro states, has put its future viability in question. 

The Anguillan government receives development aid from the UK and, as an overseas dependency, enjoys the status of an EU Associate Overseas Territory.

Business Etiquette

Anguilla is a small island with few business opportunities as such; lightweight suits or shirt and tie should be adequate for meetings.

Office hours: Mon-Fri 0800-1200 and 1300-1600.

Business Contacts

Anguilla Chamber of Commerce
PO Box 321, The Valley, Anguilla
Tel: 497 2839.
Website www.anguillachamber.com




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