International Trade in Vanuatu

International Trade in Vanuatu

Since 2003, Vanuatu accomplished to accelerate the rhythm of its growth, which placed it in a very favorable position to face the crisis.  This recent growth was sustained by the expansion of its tourism, by foreign investment, by a steady income from its agricultural exports and by... Read more

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Import and Export Services in Vanuatu (6)

  • Heritage Destination Consulting Ltd

    Heritage Destination Consulting Ltd

    Tourism Consulting, Vanuatu

    International Heritage Interpretation & Heritage Tourism Destination Consultants Heritage Destination Consulting...
  • BSI-Media Limited (lowtax.net)

    BSI-Media Limited (lowtax.net)

    Tax Services, Vanuatu

    BSI publishes some of the most respected internet publications in the fields of business, tax, law and investment. We've been...

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Overview About International Trade in Vanuatu

Economic Overview

Since 2003, Vanuatu accomplished to accelerate the rhythm of its growth, which placed it in a very favorable position to face the crisis.  This recent growth was sustained by the expansion of its tourism, by foreign investment, by a steady income from its agricultural exports and by foreign aid.  From 6.3% in 2008, its growth dropped to 3% in 2010, but it should become stronger during the next following years thanks to the tourism, agricultural and construction sectors.

In the context of the global economic slowdown, the priority of the government was to maintain the stability of its economy, applying contra-cyclic measures to counter the moderate effects of the crisis.  With the revival, the government has tightened its tax and monetary policies. Structural reforms are also required in order to insure a long-term growth and to improve the business environment.  As well as the improvement of basic infrastructures such as roads, ports, and transportation between the islands, which are projects taking place too.

Vanuatu is a poor country being part of the list of the least developed countries (LDC).  In spite of a low unemployment rate, the population lives essential...

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