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Economic Structure of Aruba

Aruba is characterized by an open economy, which because of its small scale is dependent on imports from and exports to other countries.

The main economic activities in Aruba are tourism, banking and transportation. The locally manufactured goods presently exported are semi-finished petroleum products, plastic bags, soaps/disinfectants, printed textiles, refined sugar and rice products.

 

Since most goods must be imported, it has become necessary to expand Aruba's export market in order to maintain a proper balance of trade.

The liberal economic policies of the Aruban Government are aimed at accomplishing such, by actively stimulating the establishment of “export-oriented” or “import-replacement” companies in Aruba. Examples are companies in the area of international telecommunications, international financial services, international trade, free trade zone activities/services and small scale high tech operations in agriculture, husbandry and fisheries.

Extensive information on foreign trade in Aruba, manufacturing, the transshipment of foreign goods, preferential trade agreements of which Aruba is a beneficiary country, and foreign investor information is provided by the Department of Economic Affairs, website www.arubaeconomicaffairs.com

 
   

 

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