Economy of Tuvalu Economy of Tuvalu Tuvalu is a Polynesian island nation located in the Pacific Ocean, midway between Hawaii and Australia. The economy of Tuvalu is constrained by its remoteness and lack of economies of scale. Government revenues largely come from fishing licences (primarily paid under the South Pacific Tuna Treaty); direct grants from international donors (government donors as well as from the Asian Development Bank); and income from the Tuvalu Trust Fund (established in 1987 by the United Kingdom, Australia, New Zealand). The lease of its highly fortuitous .tv Top Level Domain (TLD) also contributes revenue; however, revenue from the sales
Gilbert and Ellice Islands which was operating on Ocean Island, and questioned the impartiality of Mahaffy. The seat of government was then moved to Ocean Island (now known as Banaba Island), which had been included in the protectorate in 1900, to take advantage of the improved shipping connections resulting from the Pacific Phosphate Company's activities, and the status of the islands was changed on 12 January 1916 to that of a Crown Colony. The role of the British colonial authorities emphasised the procurement of labour for the Ocean Island phosphate mining and keeping order among the workers. The islands became a Crown colony on