ders:
none
International organization participation:
ACP, ADB, C, FAO, IFRCS (observer), IMO, IOC, ITU, OPCW, PIF,
Sparteca, SPC, UN, UNCTAD, UNESCO, UPU, WHO
Diplomatic representation in the US:
Tuvalu does not have an embassy in the US - the country's only
diplomatic post is in Fiji - Tuvalu does, however, have a UN office
located at 800 2nd Avenue, Suite 400D, New York, NY 10017,
telephone: [1] (212) 490-0534
Diplomatic representation from the US:
the US does not have an embassy in Tuvalu; the US ambassador to Fiji
is accredited to Tuvalu
Flag description:
light blue with the flag of the UK in the upper hoist-side quadrant;
the outer half of the flag represents a map of the country with nine
yellow five-pointed stars symbolizing the nine islands
Economy
Tuvalu
Economy - overview:
Tuvalu consists of a densely populated, scattered group of nine
coral atolls with poor soil. The country has no known mineral
resources and few exports. Subsistence farming and fishing are the
primary economic activities. Fewer than 1,000 tourists, on average,
visit Tuvalu annually. Job opportunities are scarce and public
sector workers make up the majority of those employed. About 15% of
the adult male population work as seamen on merchant ships abroad
and remittances are a vital source of income, contributing around $4
million in 2006. Substantial income is received annually from the
Tuvalu Trust Fund (TTF), an international trust fund established in
1987 by Australia, NZ, and the UK and supported also by Japan and
South Korea. Thanks to wise investments and conservative
withdrawals, this fund grew from an initial $17 million to an
estimated value of $77 million in 2006. The TFF contributed nearly
$9 million towards the government budget in 2006 and is an important
cushion for meeting shortfalls in the government's budget. The US
Government is also a major revenue source for Tuvalu because of
payments from a 1988 treaty on fisheries. In an effort to ensure
financial stability and sustainability, the government is pursuing
public sector reforms, including privatization of some government
functions and personnel cuts. Tuvalu also derives royalties from the
lease of its ".tv" Internet domain name, with revenue of more than
$2 million in 2006. A minor source of government revenue comes from
the sale of stamps and coins. With merchandise exports only a
fraction of merchandise imports, continued relia
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