Netherlands Antilles Netherlands Antilles Background Once the center of the Caribbean slave trade, the island of Curacao was hard hit by the abolition of slavery in 1863. Its prosperity (and that of neighboring Aruba) was restored in the early 20th century with the construction of oil refineries to service the newly discovered Venezuelan oil fields. The island of Saint Martin is shared with France; its northern portion is named Saint-Martin and is part of Guadeloupe, and its southern portion is named Sint Maarten and is part of the Netherlands Antilles. Netherlands Antilles Economy Tourism, petroleum refining, and offshore finance are the mainstays of this small economy, which is closely tied to the outside world. Although GDP has declined or remained even in each of the past six years, the islands enjoy a high per capita income and a well-developed infrastructure compared with other countries in the region. Almost all consumer and capital goods are imported, the US and Mexico being the major suppliers. Poor soils and inadequate water supplies hamper the development of agriculture. Netherlands Antilles Location Caribbean, two island groups in the Caribbean Sea - one includes Curacao and Bonaire north of Venezuela; the other is east of the Virgin Islands Netherlands Antilles Flag white, with a horizontal blue stripe in the center superimposed on a vertical red band, also centered; five white, five-pointed stars are arranged in an oval pattern in the center of the blue band; the five stars represent the five main islands of Bonaire, Curacao, Saba, Sint Eustatius, and Sint Maarten
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