St Kitts And Nevis Business
• Main exports: Foodstuffs, electronics, beverages and tobacco.
• Main imports: Machinery, manufactured goods, foods and fuel.
• Main trade partners: USA, UK and CARICOM countries.
Economy
The government has responded by trying to broaden the base of the economy; bananas, yams and sweet potatoes are now important crops and the cultivation of rice and coffee is developing. Fishing is also growing in commercial importance.
Manufacturing is dominated by sugar products, and textiles and drinks are also produced. A thriving electronics and data-processing sector is the principal success story from the government’s diversification policy, as is tourism which is developing rapidly, particularly on Nevis, and now brings about US$70 million a year into the economy.
More recently, and especially on Nevis, an ‘offshore’ financial services industry has developed: there are now over 10,000 foreign businesses registered on the island and the government has been obliged to meet new international standards regarding the investigation of money-laundering. Unemployment is among the lowest in the Caribbean.
Business Etiquette
Office hours: Mon-Fri 0800-1200 and 1300-1600.
Conferences & Conventions
Business Contacts
PO Box 332, Horsford Road, Fortlands, Basseterre, St Kitts
Tel: 465 2980.
Website: www.stkittsnevischamber.org
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