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C H E M C O N T R O L Integrated Supply Solutions
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Main Geographic Markets Our market primarily includes the Eastern Caribbean. See Caribbean GDP Figures.
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SAINT VINCENT & GRENADINES Disputed between France and the United Kingdom in the 18th century, Saint Vincent was ceded to the latter in 1783. Autonomy was granted in 1969 and independence in 1979. History Carib Indians aggressively prevented European settlement on St. Vincent until the 18th century. African slaves--whether shipwrecked or escaped from St. Lucia and Grenada and seeking refuge in St. Vincent--intermarried with the Caribs and became known as "black Caribs." Beginning in 1719, French settlers cultivated coffee, tobacco, indigo, cotton, and sugar on plantations worked by African slaves. In 1763, St. Vincent was ceded to Britain. Restored to French rule in 1779, St. Vincent was regained by the British under the Treaty of Versailles in 1783. Conflict between the British and the black Caribs continued until 1796, when General Abercrombie crushed a revolt fomented by the French radical Victor Hugues. More than 5,000 black Caribs were eventually deported to Roatan, an island off the coast of Honduras. Slavery was abolished in 1834; the resulting labor shortages on the plantations attracted Portuguese immigrants in the 1840s and east Indians in the 1860s. Conditions remained harsh for both former slaves and immigrant agricultural workers, as depressed world sugar prices kept the economy stagnant until the turn of the century. From 1763 until independence, St. Vincent passed through various stages of colonial status under the British. A representative assembly was authorized in 1776, Crown Colony government installed in 1877, a legislative council created in 1925, and universal adult suffrage granted in 1951. During this period, the British made several unsuccessful attempts to affiliate St. Vincent with other Windward Islands in order to govern the region through a unified administration. The most notable was the West Indies Federation, which collapsed in 1962. St. Vincent was granted associate statehood status in 1969, giving it complete control over its internal affairs. Following a referendum in 1979, St. Vincent and the Grenadines became the last of the Windward Islands to gain independence. Natural disasters have plagued the country throughout the 20th century. In 1902, La Soufriere volcano erupted, killing 2,000 people. Much farmland was damaged, and the economy deteriorated. In April 1979, La Soufriere erupted again. Although no one was killed, thousands had to be evacuated, and there was extensive agricultural damage. In 1980 and 1987, hurricanes devastated banana and coconut plantations; 1998 and 1999 also saw very active hurricane seasons, with hurricane Lenny in 1999 causing extensive damage to the west coast of the island. Economy Economic growth in this lower-middle-income country hinges upon seasonal variations in the agricultural and tourism sectors. Tropical storms wiped out substantial portions of crops in 1994, 1995, and 2002, and tourism in the Eastern Caribbean has suffered low arrivals following 11 September 2001. Saint Vincent is home to a small offshore banking sector and has moved to adopt international regulatory standards. Saint Vincent is also a large producer of marijuana and is being used as a transshipment point for illegal narcotics from South America. Population Nationality: Vincentian. Population (2002 est.): 115,000. Annual growth rate (1998): 0.1%. Ethnic groups: African descent (66%), mixed (19%), West Indian (6%), Carib Indian (2%). Religions: Anglican (47%), Methodist (28%), Roman Catholic (13%), other Protestant denominations, Seventh-day Adventist, Hindu. Language: English (official); some French Patois spoken. Education: Literacy--98%. Years compulsory--up to age 15. Health (1998): Infant mortality rate--22.2/1,000. Life expectancy--females 72 yrs.; males--68 yrs. Work force: About 40,000. Agriculture--60%. Currency St. Vincent and the Grenadines' currency is the Eastern Caribbean dollar (EC$), a regional currency shared among members of the Eastern Caribbean Currency Union (ECCU). The Eastern Caribbean Central Bank (ECCB) issues the EC$, manages monetary policy, and regulates and supervises commercial banking activities in its member countries. The ECCB's primary monetary policy goal is to maintain the long-standing currency peg of US$1=EC$2.7. |
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Chemcontrol Limited |
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