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Dominica Economy
Dominica Resumes Agricultural Exports
Dominica has attracted continuous attention from the public due to the surge in investment immigration. This island nation, located in the northeastern part of the Lesser Antilles in the Eastern Caribbean, announced the resumption of agricultural exports to neighboring countries after the devastation caused by Tropical Storm Erika at the end of August last year, marking the gradual recovery of Dominica's agriculture.
Prime Minister of Dominica Predicts GDP Growth Rate for 2015
On April 30, 2015, Prime Minister Skerrit of Dominica predicted that the country's GDP growth rate for 2015 would be 2.4%, with construction, tourism, and agriculture being the main pillars. Skerrit stated that the government would encourage private investment by reducing personal and corporate income taxes, expanding mortgages, and providing special tax reductions for businesses that create new jobs, as well as continuing to attract foreign investment through investment immigration programs.
The Government of Dominica Focuses on Agriculture and Tourism
On July 18, 2015, Dominica's media reported that the Government of Dominica will submit the 2015/2016 budget report to Parliament on the 24th. Prime Minister Skerrit stated that the focus will be on agriculture, tourism, and employment, and the government will continue to support livelihood projects.