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Collectivité territoriale de Saint-Pierre-et-Miquelon
Territorial Collectivity of Saint Pierre and Miquelon

Overseas Collectivity of ‌France
Flag of Saint Pierre and Miquelon Coat of Arms of Saint Pierre and Miquelon
Motto
A Mare Labor
Anthem
La Marseillaise
Location of Saint Pierre and Miquelon
Military occupation:
British North America (1778-1816)
CapitalSaint-Pierre
Status Overseas Collectivity
President of France
- From 2007Nicolas Sarkozy
Prefect
- From 2009Jean-Régis Borius
History
February 10, 1763Established
October 27, 1946Overseas territory
July 17, 1976Overseas department
June 11, 1985Territorial collectivity
March 28, 2003Overseas collectivity
Area242 km²
Population
- 20097,063
 Density29.1/km²
CurrencyEuro
Flag of None New France
v

The Territorial Collectivity of Saint Pierre and Miquelon is an overseas collectivity of France, located in North America.


Background

First settled by the French in the early 17th century, the islands represent the sole remaining vestige of France's once vast North American possessions.[1]

Economy

The inhabitants have traditionally earned their livelihood by fishing and by servicing fishing fleets operating off the coast of Newfoundland. The economy has been declining, however, because of disputes with Canada over fishing quotas and a steady decline in the number of ships stopping at Saint Pierre. In 1992, an arbitration panel awarded the islands an exclusive economic zone of 12,348 sq km to settle a longstanding territorial dispute with Canada, although it represents only 25% of what France had sought. France heavily subsidizes the islands to the great betterment of living standards. The government hopes an expansion of tourism will boost economic prospects. Fish farming, crab fishing, and agriculture are being developed to diversify the local economy. Recent test drilling for oil may pave the way for development of the energy sector.[2]

President of France

  • Nicolas Sarkozy () (May 16, 2007 - )


Prefect

  • Jean-Régis Borius () (November 1, 2009 - )

Nation

French Overseas Collectivities

References

  1. The CIA World Factbook: Introduction - Background
  2. The CIA World Factbook: Economy - Overview

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