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• GDP: EC$94.7 million (2004).
• Main exports: Electronic components, plastic bags, clothing, hot peppers, limes, live plants and cattle.
• Main imports: Machinery and transportation equipment, food, manufactured goods, fuels, lubricants and related materials.
• Main trade partners: USA, UK, Japan, Trinidad & Tobago and Puerto Rico.
• Main exports: Electronic components, plastic bags, clothing, hot peppers, limes, live plants and cattle.
• Main imports: Machinery and transportation equipment, food, manufactured goods, fuels, lubricants and related materials.
• Main trade partners: USA, UK, Japan, Trinidad & Tobago and Puerto Rico.
Economy
The island was recovering from the volcanic explosion of January 1997, which destroyed much of the island’s productive capacity, when it was hit by a new series of eruptions in July 2003.
Previously, Montserrat had a diverse if fragile economy. The agricultural sector produced vegetables, cotton and livestock. The industrial sector, which employed one-third of the workforce and earned the bulk of Montserrat’s export income, was concentrated in food processing and the assembly of electronic components. In the service sector, e-commerce and financial services were two important growth areas.
After the 1997 eruption, the island became largely dependent on foreign aid – in particular, a US$125 million aid package from the UK.
Previously, Montserrat had a diverse if fragile economy. The agricultural sector produced vegetables, cotton and livestock. The industrial sector, which employed one-third of the workforce and earned the bulk of Montserrat’s export income, was concentrated in food processing and the assembly of electronic components. In the service sector, e-commerce and financial services were two important growth areas.
After the 1997 eruption, the island became largely dependent on foreign aid – in particular, a US$125 million aid package from the UK.
Business Etiquette
A short- or long-sleeved shirt without a jacket is suitable for most business visits.
Office hours: Mon-Fri 0800-1600.
Office hours: Mon-Fri 0800-1600.
Conferences & Conventions
Contact the Montserrat Tourist Board for further details (see Contact Addresses).