Business Profile
Economy: Fruit, vegetables, beef and pork are produced in commercial quantities, with some being exported. Fisheries and copra are other important industries in the agricultural sector. Manufacturing is dominated by textile production. The economy is dominated overall, however, by the service sector, of which tourism is the principal component. The establishment of an air link with Japan gave a major boost to this sector. However, the lack of available workers led to the recruitment of large numbers of foreign workers (which accounts for the huge growth in the islands’ population). Bilateral aid from the USA is an important source of income for the Government, particularly monies earmarked for the development of the islands’ infrastructure, the poor condition of which is currently holding back further economic growth. The Northern Marianas is a member of the Pacific Community.
Commercial Information: For further information contact the Saipan Chamber of Commerce, PO Box 500806 CK, 96950, Saipan MP (tel: 233 7150; fax: 233 7151; e-mail: saipanchamber@saipan.com; website: www.saipanchamber.com).
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