São Tomé e Príncipe Business
• Main exports: Cocoa, copra, coffee and palm oil.
• Main imports: Food, fuel, machinery and electrical equipment.
• Main trade partners: Portugal, The Netherlands, Belgium, France and USA.
Economy
Elimination of its debt a high priority for the government and it will be able to do this once revenues begin to flow from the oil and gas fields recently discovered in São Tomé's territorial waters.
The government hopes to promote the currently minute tourism industry.
Economic performance in recent years has been improving and is expected to get even better as revenue from oil starts to come in. Growth in 2007 was at 6.5%, with inflation at 17%.
Business Etiquette
Business Contacts
Avenue 12 July, CP 111, São Tomé
Tel: (2) 22662.
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