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DOMINICA
Dominica was the last Caribbean island to be colonized by the Europeans, due in
part to its rugged topography, and the fierce resistance of the native Carib
Indians. Approximately 3,000 Carib descendants still live on the island.
The British took control in 1763, and Dominica became a colony in 1805, finally
gaining total independence in 1978.
Official Name Commonwealth of Dominica
Population 70,500
Capital City Roseau (20,000)
Economy
The Dominican economy depends on agriculture, primarily bananas, and remains
highly vulnerable to climatic conditions and international economic
developments. Production of bananas dropped precipitously in 2003, a major
reason for the 1% decline in GDP. Tourism increased in 2003 as the government
sought to promote Dominica as an "ecotourism" destination. Development of the
tourism industry remains difficult, however, because of the rugged coastline,
lack of beaches, and the absence of an international airport. The government
began a comprehensive restructuring of the economy in 2003 - including
elimination of price controls, privatization of the state banana company, and
tax increases - to address Dominica's economic crisis and to meet IMF targets.
In order to diversify the island's production base the government is attempting
to develop an offshore financial sector and is planning to construct an oil
refinery on the eastern part of the island.
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Chemcontrol Limited
Suite 309, Top Floor, Cross-Crossing Centre, Cross-Crossing, San Fernando, Trinidad
Telephone: 868 657 3555 / 868 657 2000 / Facsimile: 868 657 2555
www.chemcontrol.co.tt |