Editing Economy of Tuvalu (section)

===Fishing resources===
Tuvaluans are primarily involved in traditional agriculture and fishing. Job opportunities also exist as observers on tuna boats where the role is to monitor compliance with the boat's tuna fishing licence.<ref name="TO0315">{{cite web| last =Dornan | first =Matthew | work= The Conversation |title= The Pacific islands 'tuna cartel' is boosting jobs by watching fish|date =4 March 2015|url= http://theconversation.com/the-pacific-islands-tuna-cartel-is-boosting-jobs-by-watching-fish-38177| access-date=10 March 2015}}</ref>

The Tuvaluan economy, therefore, relies heavily on its fishing income, with 42% of the Tuvaluan population involved in fishing activity at various levels. The fishing in the [[Exclusive Economic Zone]] (EEZ) mainly consists of [[Skipjack Tuna]], [[Yellowfin Tuna]] and [[Bigeye Tuna]]. UN Data calculated a gross value of fisheries at US$43,773,582 (2007 est), which accounted for the output of coastal commercial fishing, coastal [[subsistence fishing]], locally based offshore fishing, foreign-based offshore fishing, freshwater fishing and [[aquaculture]]. In recent years all of the income has been generated through the listed activities in Tuvalu waters, rather than through exports direct from Tuvalu. The activities of international [[fishing vessels]], which in 2008 comprised 42 [[longline fishing]] vessels, 3 pole/line vessels and 126 [[purse seiners]], far outweigh domestic activity, with a production volume of 35,541 tonnes worth US$40,924,370 (2009 est) or 93.5% of gross value, although Tuvalu retains a sizeable share in income via licensing. Fishing licensing agreements with Taiwan, Japan, South Korea, New Zealand and the United States generated an income of A$9 million in 2009.<ref>{{cite web |title=Tuvalu |url=http://www.mfat.govt.nz/Countries/Pacific/Tuvalu.php |archive-url=https://web.archive.org/web/20150703185251/http://www.mfat.govt.nz/Countries/Pacific/Tuvalu.php |archive-date=2015-07-03 |access-date=22 December 2011 |work=New Zealand Ministry of Foreign Affairs & Trade}}</ref><ref>{{cite web|title=Doing Business in Tuvalu|url=http://www.pitic.org.au/pdfs/bigs/tuvalu.pdf|work=Pacific Islands Trade and Investment Commission, Sydney Creating Opportunities Between Australia and the Pacific|access-date=21 December 2011|archive-url=https://web.archive.org/web/20120410142849/http://www.pitic.org.au/pdfs/bigs/tuvalu.pdf|archive-date=10 April 2012|url-status=dead}}</ref> In 2013 revenue from fishing licenses doubled to more than 45% of GDP.<ref name ="CIA">{{cite web|url=https://www.cia.gov/the-world-factbook/countries/tuvalu/|title=The World Factbook (CIA)|date=2017|access-date= 20 October 2018}}</ref>

On 29 June 2017, the National Fishing Corporation of Tuvalu (NAFICOT), signed a joint venture agreement with the Republic of Korea's SAJO Fishing Industry to operate the fishing vessel ''M.V. Taina'' within the Tuvaluan EEZ and other Pacific Island waters.<ref name="FN030717">{{cite web| work= Fenui News|title= Tuvalu and SAJO sign Joint Venture Agreement|date =3 July 2017|url= https://www.facebook.com/fenuinews/?ref=page_internal&fref=nf| access-date=6 July 2017}}</ref><ref name="TV-2017">{{cite web| last =| first = |title= Joint Venture Agreement Signed: National Fishing Corporation of Tuvalu (NAFICOT), SAJO and O Yong Fishing Industry|publisher= Tuvalu Fisheries (Tuvalu Ministry of Natural Resources)|page=|date = 30 June 2017 |url= https://tuvalufisheries.tv/news/page/8/| accessdate=11 August 2021}}</ref>

The 2021 Budget of Tuvalu  set out a shift in government policy regarding engagement in fishing activities, with a shift from joint venture arrangements (including the  sale of  ''FV Taumoana'' for $10.4 million) to just receiving revenue from fishing licenses and receiving management fees for flagged ships.<ref name="TP11-2020">{{cite web| last = Tausi | first = Kitiona |title= More Issues On The 2021 Budget |publisher= Tuvalu Paradise, Issue No. 11/2020  |page=|date = 18 December 2020|url= https://tuvaluparadise.tv/2020/12/18/more-issues-on-the-2021-budget/| accessdate=11 August 2021}}</ref>