Lanzarote Business

GDP: US$52.2 billion (Canary Islands) (2005).
Main imports: Vehicles, mechanical and electronic equipment, medical and pharmaceutical supplies.
Main exports: Onions, wine and cochineal (a natural red dye).
Main trade partners: France, Germany, Italy, UK and Portugal.

Economy

Tourism is by far the greatest driving force of the island's economy. With almost 2 million visitors a year, the hospitality industry, service sector and other tourism-related sectors represent close to 90% of Lanzarote's economic activity.

Arrecife has the second largest port in the Canaries and supports a fishing industry that has always been a traditional mainstay of the island's economy.

Wines and cochineal production are also traditional industries that continue to thrive on Lanzarote.

Business Etiquette

Business people are generally expected to dress smartly. English is widely spoken in the resorts but far less so in the smaller towns and villages. Some knowledge of the Spanish language is always appreciated and sometimes essential. Attitudes to such things as responding to e-mails, letters and phone calls can be surprisingly casual.

Office hours: Tend to vary considerably but base hours of 0900-1330 and 1700-1900 are fairly typical.

Conferences & Conventions

Lanzarote Convention Bureau
C/ Blas Cabrera Felipe S/N, 35500, Arrecife, Lanzarote
Tel: 928 811 762.

Spain
Convention Bureau (FEMP)
Calle Nuncio 8, 28005 Madrid, Spain
Tel: 913 643 700.
Website: www.femp.es

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