PACIFIC ISLANDS REPORT
Pacific Islands Development Program/East-West Center
Center for Pacific Islands Studies/University of Hawai‘i at Manoa
TUVALU DEPUTY PM TUILIMU SAYS ECONOMY WILL IMPROVE
FUNAFUTI, Tuvalu (January 31, 2000 – Radio Australia)---Tuvalu's Deputy Prime Minister, Lagitupu Tuilimu, believes there will be a steady improvement in his country's economy over the next few years.
However, he said, this will depend on the success of measures introduced by the current Government.
Mr. Tuilimu concedes that Tuvalu has been struggling to sustain and develop its economy since independence in 1978.
However, he said, the revenue earned from fishing licenses -- about 40 percent of the Government’s revenue in 1998 -- will continue to benefit the country.
Mr. Tuilimu said that despite concerns about the proposed regional Free Trade Area (FTA) on Tuvalu's economy, the country must be part of it.
He said copra is one industry that could benefit significantly under the FTA plan.
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