ECONOMY IN DOMINICA
Dominica's economy is substantially based on agriculture, although in recent years great strides have been made on diversification into tourism and offshore services. Bananas is Dominica's principal export and it contributes about 80 percent of Gross Development Product (GDP). Dominica's traditional market for its bananas is the United Kingdom where its exports, along with those of the other Windward Islands, enjoy preferential treatment. Recently, however, the preferential treatment of Dominica and other African Caribbean and Pacific (ACP) bananas has been under attack and has been subject of adverse decisions in the Word Trade Organisation (WTO). This has cast a dark shadow over the continued existence of Dominica's banana industry in its traditional form.
<
Back |
