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Caribbean-On-Line / St. Barts / News / Saint Bart's Evolving Political and Economic Landscape

Saint Bart's Evolving Political and Economic Landscape

New press release from Wimco:

Just 8-square miles small, the Caribbean island of Saint Barthelemy (aka St. Barts or St. Barths) is a bright spot on the map of celebrity fun-seekers as uncrowded white-sand playground alternative to the Cote d'Azur in the winter months. Revered by French and American investors as a chic second-home Mecca and by descendents of Norman, Briton and Swedish settlers, St. Barts residents are seeing tectonic-sized shifts in the political and economic landscape of this beautiful island.

In January 2007, St. Barts officially achieved a milestone nearly four decades in the making by becoming an Overseas Territorial Collectivity of France (OC) and separated from dependence upon French sister islands Guadeloupe and St. Martin. Previously governed as a Commune of Guadeloupe - St. Barts always was a step-child for the attention of motherland France. Not any more. As an OC, St. Barts can determine its own destiny in political, social, and cultural arenas by having a freer hand in managing its own affairs. St. Barts has achieved near-autonomy and its leaders are now creating laws related to taxes, tourism, public transportation, schools, housing, construction zoning, environmental and energy affairs, as well as that all-important residency status.

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