Difference between revisions of "Economy of Falkland Islands"

From Philippines
Jump to navigation Jump to search
→ → Go back HOME to Zamboanga: the Portal to the Philippines.
(Created page with "{{zheader}} '''Economy of Falkland Islands''' Almost the whole area of the two main islands, outside of Stanley, is devoted to sheep farming. The islands’ sheep statio...")
 
(Blanked the page)
 
Line 1: Line 1:
{{zheader}}


'''Economy of [[Falkland Islands]]'''
Almost the whole area of the two main islands, outside of Stanley, is devoted to sheep farming. The islands’ sheep stations (ranches) vary in size and may be owned by individual families or by companies based in Britain. Several hundred thousand sheep are kept on the islands, producing several thousand tons of wool annually as well as some mutton. The wool is sold in Great Britain and is the Falklands’ leading land-based export. The Falkland Islands Company, incorporated in 1852 and granted a Royal Charter in 1851, played a notable part in the economic development of the islands and was for many years the single largest sheep rancher there.
In the late 20th century the government instituted policies to encourage an increase in the number of smaller, locally operated farms rather than corporate-owned farms. Attempts were also undertaken at that time to diversify the islands’ economy. The government began selling fishing licenses to foreigners in 1987, and the revenue generated from such sales became a major contributor to the economy. In 2002 a slaughter facility was built, and the following year sheep and lamb meat began being exported to the United Kingdom. In the early 1990s, seismic studies suggested the presence of offshore oil reserves, and licenses were granted to foreign companies for exploration. Tourism, especially ecotourism, grew rapidly beginning in the early 21st century to become another leading sector of the economy. Such efforts have enabled the islands’ economy to enjoy sustained growth since the late 20th century.
Stanley Harbour is the islands’ main port; it has a commercial wharf and receives cruise ships. Some cruise ships also call at the outer islands. The main settlements are linked by roads and a government-operated air service, which also provides interisland passenger service. There is a ferry link between East and West Falkland. A coastal freighter travels around the two main islands to deliver supplies and collect the wool clip for transshipment to the United Kingdom. An international airport is located at the Mount Pleasant Military Complex.

Latest revision as of 10:24, 8 March 2015

Retrieved from "http://zamboanga.com/z/index.php?title=Economy_of_Falkland_Islands&oldid=823537"