Martinique’s economy is based upon agriculture, primarily that of Sugar Cane though this is beginning to shift towards banana production for the export market.The sugar cane is used mostly by the local distilleries for the production of Rum, perhaps the most famous export of Martinique. Secondary industry has developed mostly in the processing of the island’s agricultural products and are concentrated in the area near Fort de France and Lamentin.Fishing also remains a staple of the Islands economy. Tourism continues to grow at an impressive pace and is projected to become the base of the islands economy in the futureThe islands economy is based upon agricultural production , predominantly sugar cane, and foreign tourism.
Martinique is one of five overseas territories of France (Martinique, Guadeloupe, La Reunion, French Guiana and Mayotte) created on 19th March 1946 and from the 2nd March 1982 Martinique has been considered one of the 26 regions of France.
The island is divided into four provinces(Fort de France, Trinite, Le Marin, Saint-Pierre) subdivided into 45 cantons and 34 locales.Martinique applies the full French legislative framework with the discretion to adapt the laws to the island’s unique culture.
Martinique is represented by a Regional Councilor and a General Councilor as well as at a national level 4 deputies, 2 senators and economic and social councils.
The French state is represented by a prefect at Fort de France and 3 local stations in Trinite , Le Marin and Saint-Pierre.
As a French territory, Martinique is a part of the EU and receives the benefits of such membership in proportion to its role and particularities