and represents an important export income earner.
Milk products go to the UK and other EU countries. Tourism accounts
for 24% of GDP. In recent years, the government has encouraged light
industry to locate in Jersey, with the result that an electronics
industry has developed alongside the traditional manufacturing of
knitwear. All raw material and energy requirements are imported, as
well as a large share of Jersey's food needs. Light taxes and death
duties make the island a popular tax haven. Living standards come
close to those of the UK.

Johnston Atoll
Economic activity is limited to providing services to
US military personnel and contractors located on the island. All
food and manufactured goods must be imported.

Jordan
Jordan is a small Arab country with inadequate supplies of
water and other natural resources such as oil. Debt, poverty, and
unemployment are fundamental problems, but King ABDALLAH, since
assuming the throne in 1999, has undertaken some broad economic
reforms in a long-term effort to improve living standards. Amman in
the past three years has worked closely with the IMF, practiced
careful monetary policy, and made substantial headway with
privatization. The government also has liberalized the trade regime
sufficiently to secure Jordan's membership in the WTO (2000), a free
trade accord with the US (2001), and an association agreement with
the EU (2001). These measures have helped improve productivity and
have put Jordan on the foreign investment map. Jordan imported most
of its oil from Iraq, but the US-led war in Iraq in 2003 made Jordan
more dependent on oil from other Gulf nations forcing the Jordanian
government to raise retail petroleum product prices and the sales
tax base. Jordan's export market, which is heavily dependent on
exports to Iraq, was also affected by the war but recovered quickly
while contributing to the Iraq recovery effort. The main challenges
facing Jordan are reducing dependence on foreign grants, reducing
the budget deficit, and creating investment incentives to promote
job creation.

Juan de Nova Island
Up to 12,000 tons of guano are mined per year.

Kazakhstan
Kazakhstan, the largest of the former Soviet republics in
territory, excluding Russia, possesses enormous fossil fuel reserves
as well as plentiful supplies of other minerals and metals. It also
has a large agricultural sector featu