Doing Business in Martinique Essay Example | Topics and Well Written Essays - 1000 words

Doing Business in Martinique - Essay ExampleUnder the CARIFORUM-EPA agreement countries standardized Jamaica that are English speaking Caribbean countries have the opportunity to carry out trade in goods and function with the French overseas territories like Martinique as well as other countries like French Guiana and Guadeloupe.Doing melodic line in Martinique can be a good opportunity for the investors due to the cultural, economic, social and political factors that respect the ripening of business in Martinique. For instance, the main exports from Jamaica to the Martinique are food products like shrimps, lobsters, and crustaceans. Therefore, there remains agency for the diversification of the goods and the expansion of the portions. France is the main trading partner with Martinique but still there remains a vast untapped opportunity for Martinique due to the relatively lower prices. If an investor is considering entering in the service firmament (service exporters), he or she should take a keen interest in a multitude of factors such as language, and the entry requirements. However, in terms of the entry requirements, they are similar to those of France especially when you are considering the service sector (businessmonitor.com, n.d.).For instance, Sam Kruiner, an Advisor at the Caribbean Export Development Agency (CEDA) during a presentation divided up the information on support of CEDA, which has encouraged investors and countries to trade in Martinique. The agency carries activities such as workshops, seminars and studies and the development of the Creative Industries and Sports Tourism in collaboration with Martinique in order to promote business (Worldtravelguide.net, n.d.).The national gold of Martinique is Euros and its residual of payments as at 2006, exports US$ 818 million and imports US$ 3,483 million. The agriculture contributes 6%, services 72% and industry 15%. The inflation rate as of 2005 was 2.4%. Martiniques economy is character ized by chronic balance