British Virgin Islands Business
• Main exports: Rum, fresh fish, fruit, animals, gravel and sand.
• Main imports: Building materials, cars, food and machinery.
• Main trade partners: US Virgin Islands and USA.
Economy
The offshore financial sector, which has been operating since the mid 1980s, has been a spectacular success, by virtue of the British connection, benign legislation and political uncertainty in rival centres (notably Hong Kong and Panama). However, in the last few years, the government has been forced to respond to international pressure to tighten its regulatory regime in order to prevent money laundering.
Agricultural production is limited by poor soils, and relies mainly on livestock rearing, but some fruit and vegetables are produced for export. Rum is an important export commodity, and its distilling is the principal industrial activity.
Business Etiquette
Office hours: Mon-Fri 0830/0900-1630/1700.
Business Contacts
15 Upper Grosvenor Street, London W1K 7PJ, UK
Tel: (020) 7355 9570.
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