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Aolepān Aorōkin M̧ajeļ
Republic of the Marshall Islands

Compact of Free Association
Flag of Marshall Islands Coat of Arms of Marshall Islands
Motto
Jepilpilin ke ejukaan
Accomplishment through Joint Effort
Anthem
Forever Marshall Islands
Map of Marshall Islands
CapitalMajuro (Delap)
Government Presidential republic
President
- From 2009Jurelang Zedkaia
Legislature Parliament
History
May 1, 1979 Autonomy
October 21, 1986Compact of Free Association effective
July 10, 1987Trust territory dissolved
December 22, 1990Security Council ratifies termination
June 30, 2004Compact of Free Association extended
Area181 km²
Population
- 200968,000
 Density375.6/km²
GDP2009 (PPP)
- TotalUS$ 0.1 billion
- Per capitaUS$ 2,900
CurrencyUnited States dollar
Flag of the Trust Territory of the Pacific Islands Pacific Islands
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The Republic of the Marshall Islands is a presidential republic in Micronesia. Under the Compact of Free Association it has entered into a relationship as an associated state with the United States.


Background

After almost four decades under US administration as the easternmost part of the UN Trust Territory of the Pacific Islands, the Marshall Islands attained independence in 1986 under a Compact of Free Association. Compensation claims continue as a result of US nuclear testing on some of the atolls between 1947 and 1962. The Marshall Islands hosts the US Army Kwajalein Atoll (USAKA) Reagan Missile Test Site, a key installation in the US missile defense network.[1]

Economy

US Government assistance is the mainstay of this tiny island economy. The Marshall Islands received more than $1 billion in aid from the US from 1986-2002. Agricultural production, primarily subsistence, is concentrated on small farms; the most important commercial crops are coconuts and breadfruit. Small-scale industry is limited to handicrafts, tuna processing, and copra. The tourist industry, now a small source of foreign exchange employing less than 10% of the labor force, remains the best hope for future added income. The islands have few natural resources, and imports far exceed exports. Under the terms of the Amended Compact of Free Association, the US will provide millions of dollars per year to the Marshall Islands (RMI) through 2023, at which time a Trust Fund made up of US and RMI contributions will begin perpetual annual payouts. Government downsizing, drought, a drop in construction, the decline in tourism, and less income from the renewal of fishing vessel licenses have held GDP growth to an average of 1% over the past decade.[2]

President

  • Jurelang Zedkaia () (November 2, 2009 - )



Nation

Marshallese Polities

Neighbouring Nations

References

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

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