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Parliament or Nitijela (33 seats; members elected by popular vote to serve four-year terms) elections: last held 20 November 1995 (next to be held NA November 1999) election results: percent of vote by party--NA; seats by party--NA note: the Council of Chiefs is a 12-member body that advises on matters affecting customary law and practice Judicial branch: Supreme Court; High Court Political parties and leaders: traditionally there have been no formally organized political parties; what has existed more closely resembles factions or interest groups because they do not have party headquarters, formal platforms, or party structures; the following two "groupings" have competed in legislative balloting in recent International organization participation: AsDB, ESCAP, G-77, IAEA, IBRD, ICAO, IDA, IFC, IMF, Inmarsat, Intelsat (nonsignatory user), Interpol, ITU, OPCW, Sparteca, SPC, SPF, UN, UNCTAD, UNESCO, WHO Diplomatic representation in the US: chief of mission: Ambassador Banny DE BRUM chancery: 2433 Massachusetts Avenue NW, Washington, DC 20008 consulate(s) general: Honolulu Diplomatic representation from the US: chief of mission: Ambassador Joan M. PLAISTED embassy: Oceanside, Mejen Weto, Long Island, Majuro mailing address: P. O. Box 1379, Majuro, Republic of the Marshall Islands 96960-1379 Flag description: blue with two stripes radiating from the lower hoist-side corner--orange (top) and white; there is a white star with four large rays and 20 small rays on the hoist side above the two stripes Economy Economy--overview: US Government assistance is the mainstay of this tiny island economy. Agricultural production is concentrated on small farms, and the most important commercial crops are coconuts, tomatoes, melons, and breadfruit. Small-scale industry is limited to handicrafts, fish 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 Compact of Free Association, the US provides roughly $65 million in annual aid, equal to about 70% of GDP. Negotiations will get underway in 1999 for an extended agreement. Government downsizing, drought, a drop in construction, and the decline in tourism and foreign investment
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