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Economy
Agriculture is still important as a source
of employment and prestige – Jersey cows
are renowned throughout the world – although offshore
banking and tourism are the mainstays
of the economy. The former because of the island’s exemption
from the United Kingdom tax system and the latter through continental
influence and a the benign climate.
Finance
and banking account for more than half of the GDP
and are largely responsible for Jersey’s unemployment rate
of less than 1%. New and highly regulated legislation designed to
tighten up some of the less salubrious aspects of Jersey’s
financial environment should serve to strengthen its reputation
in an era when offshore finance is coming under
continuing political pressure through its implication in money-laundering.
In the last few years Jersey has signed up to several international
initiatives designed to tackle the problem.
Business
Etiquette
Businesspeople are generally expected to dress very smartly and
suits are usual apart from on Fridays when office workers generally
‘dress down’. Appointments should always
be made and the exchange of business cards is customary. A knowledge
of English is essential.
Office hours: Monday-Friday
0900/0930 hrs-1700/1730hrs.
Commercial
Information
The following organisation can offer advice and information:
Jersey Chamber of Commerce
Chamber House
25 Pier Road
St Helier
Jersey
JE1 4HF
Telephone number: (01534) 871
031 or 724 536
Fax number: (01534) 734 942
e-mail: admin@jersey-chamber.co.uk
website: www.jerseychamber.com
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