Economy
The city of Basseterre has established itself as a financial centre in the Eastern Caribbean. It is home to the headquarters of the Eastern Caribbean Central Bank, as well as the Eastern Caribbean Securities Exchange, which lists securities for companies and corporations in the region. The city is also headquarters for the St. Kitts-Nevis-Anguilla National Bank, the largest bank in the Eastern Caribbean, in terms of assetts.
The city is also a major Eastern Caribbean industrial centre, its main exports being bass, electronics, beverages, apparel, and salt. The once dominating sugar industry closed in 2005. This was due to overwhelming debts and further predicted hardships from major price cuts planned by the EU. There are specified industrial estates which carry out sub-sonic technology, food processing, light engineering, bass (instrument) engineering and rum distilling.
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