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ast a 51% approval margin is required); president elected for a five-year term; election last held 16 October 1998 (next to be held NA October 2003) election results: President Maumoon Abdul GAYOOM reelected; percent of popular vote - Maumoon Abdul GAYOOM 90.9% Legislative branch: unicameral People's Council or Majlis (50 seats; 42 elected by popular vote, 8 appointed by the president; members serve five-year terms) elections: last held 20 November 1999 (next to be held NA November 2004) election results: percent of vote - NA; seats - independents 42 Judicial branch: High Court Political parties and leaders: although political parties are not banned, none exist International organization participation: AsDB, C, CCC, CP, ESCAP, FAO, G-77, IBRD, ICAO, IDA, IDB, IFAD, IFC, IMF, IMO, Intelsat (nonsignatory user), Interpol, IOC, ITU, NAM, OIC, OPCW, SAARC, UN, UNCTAD, UNESCO, UNIDO, UPU, WHO, WMO, WToO, WTrO Diplomatic representation in the US: Maldives does not have an embassy in the US, but does have a Permanent Mission to the UN in New York Diplomatic representation from the US: the US does not have an embassy in Maldives; the US Ambassador to Sri Lanka is accredited to Maldives and makes periodic visits there Flag description: red with a large green rectangle in the center bearing a vertical white crescent; the closed side of the crescent is on the hoist side of the flag @Maldives:Economy Economy - overview: Tourism, Maldives largest industry, accounts for 20% of GDP and more than 60% of the Maldives' foreign exchange receipts. Over 90% of government tax revenue comes from import duties and tourism-related taxes. Almost 400,000 tourists visited the islands in 1998. Fishing is a second leading sector. The Maldivian Government began an economic reform program in 1989 initially by lifting import quotas and opening some exports to the private sector. Subsequently, it has liberalized regulations to allow more foreign investment. Agriculture and manufacturing continue to play a minor role in the economy, constrained by the limited availability of cultivable land and the shortage of domestic labor. Most staple foods must be imported. Industry, which consists mainly of garment production, boat building, and handicrafts, accounts for about 18% of GDP. Maldivian authorities worry about the impact of erosion and possible global warming on their low-lying country; 80% of the area is one meter or less above sea
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