Tuvalu is located in Polynesia, an island group consisting of nine coral atolls in the South Pacific Ocean. It is classified as a Least Developed Country (LDC) & a Small Island Developing State (SIDS). Subsistence farming and fishing are the primary economic activities. Main exports are fish and related products mainly exported to Thailand, Japan and Australia. Tuvalu’s key imports include ship, boat and other floating structures, fuel, furniture and machinery. Major import partners are Japan, China, Malaysia, Australia and Singapore. It is a member of the Pacific Island Countries Trade Agreement (PICTA) and the South Pacific Regional Trade and Economic Cooperation Agreement (SPARTECA).