Much of the land is under cultivation, with bananas, coconuts, citrus
fruits and cocoa as the main produce. The banana industry, which is the
country's main export earner, was threatened in the late 1990s
following a dispute between the European Union (which is the main
market) and the USA over preferential access: the World Trade
Organisation has ruled in favour of the USA and the consequences for
Dominica may be very serious. This will give added urgency to the
Government's efforts to diversify the country's economic base and
improve the condition of the basic infrastructure whose inadequacies
have so far only inhibited that plan. At present there is a little
light industry producing vegetable oil, canned juices, cigarettes, soap
and other consumer goods largely for domestic consumption. In the
service sector, tourism developed rather more slowly in Dominica than
elsewhere in the Caribbean (mostly because of the lack of an
international airport) but has become a vital component of the economy.
In recent years, the government has been trying to promote an offshore
financial services industry. Dominica is a member of the Caribbean
economic bloc CARICOM and of the Organisation of East Caribbean States.
Substantial overseas aid is provided by the USA, the UK and the EU. The
island's largest trading partners are the UK, the USA, Canada and
Japan; Barbados and Guadeloupe are the largest within the Caribbean
region.
The President is head of state and, in conjunction with a Cabinet, has
executive power. The legislature is the unicameral House of Assembly,
to which nine members are nominated and 21 elected by universal adult
suffrage. Executive power is vested in the Prime Minister who is the
leader of the majority in the House.
Economic Citizenship Programme of Dominica
Economic Citizenship Programme of Dominica
This article was viewed 4625 time(s)
Miss Dominica 2003
Miss Dominica 2003, held in the capital city of Roseau, was a colorful occasion wherein the beauties contested with grace, charm and intelligence to win the title.....
This article was viewed 2809 time(s)
Calendar of Events Dominica
Here is a list of Public Holidays in Dominica for the current year......
This article was viewed 2253 time(s)
Dominican named Businessman of the year
NewYork names the Dominican Businessman Casey as the Businessman of the year
This article was viewed 1605 time(s)
World Creole Music Festival
Along with the Independence Day celebrations, Dominica celebrates the unique Creole culture with colourful events such as Heritage Day, Creole Day and the World Creole Music Festival....
This article was viewed 3691 time(s)
An Investment Guide on Dominica
The Commonwealth of Dominica is a new entry to the offshore business It does have the excellent asset protection features of the more popular offshore centers A look into the special characteristics o
This article was viewed 5131 time(s)
Offshore Business Opportunities in Dominica
When thinking of asset protection tax shelter and second citizenship offshore countries the companies and trusts formed in Dominica are the best solutions
This article was viewed 3970 time(s)
Mas Domnik - Carnival of Dominica
Mas Domnik, the carnival in Dominica, will be celebrated with official activities from February 15th to March 4th. The official days for the carnival will be 3rd and 4th March.
This article was viewed 2008 time(s)
Investing in the Commonwealth of Dominica
Government of Dominica continues to encourage expansion in light manufacturing agro-processing, tourism etc.
This article was viewed 1808 time(s)
International Business Companies in Dominica
The International Business Companies (IBC) Act seeks to develop Dominica as a tax- free domicile for international companies...
This article was viewed 1759 time(s)
