eighth country signed the agreement on 19 August 2016, Guyana. This treaty covered taxes, residence, tax jurisdictions, capital gains, business profits, interest, dividends, royalties and other areas. FATCA On 30 June 2014, St. Vincent and the Grenadines signed a Model 1 agreement with the United States of America with respect to Foreign Account Tax Compliance (Act) or FATCA. According to the updated site as of 16 January 2017, on 13 May 2016 the agreement went to "In Force" status. International and regional bodies to which St. Vincent and the Grenadines belong St Vincent and the Grenadines is a member of the United Nations, the Commonwealth of Nations, the Organization of American States, and the Association of Caribbean States (ACS). In September 2017, at the 72nd Session of the UN General Assembly, the Prime Ministers of the Solomon Islands, Tuvalu, Vanuatu and Saint Vincent and the Grenadines called for UN action on alleged human rights abuses committed on Western New Guinea's indigenous Papuans. Western New Guinea has been occupied by Indonesia since 1963. More than 100,000 Papuans have died during a 50-year Papua conflict. In 2019, Saint Vincent and the Grenadines became the smallest country to ever be elected to the UN Security Council. Organisation of American States St Vincent and the Grenadines joined the Organisation of American States on 27 October 1981. It participates in the Summits of the Americas and the Indigenous Leaders Summits of Americas. European nations In 2013, Saint Vincent called for European nations to pay reparations for the slave trade. Venezuela Saint Vincent protests against Venezuela's claim to give full effect to Aves (Bird) Island, which creates a Venezuelan EEZ/continental shelf extending over a large portion of the Caribbean Sea. Economy Agriculture, dominated by banana production, is the most important sector of this lower-middle-income economy. The services sector, based mostly on a growing tourist industry, is also important. The government has been relatively unsuccessful at introducing new industries, and the unemployment rate remains high at 19.8% in the 1991 census to 15% in 2001. The continuing dependence on a single crop represents the biggest obstacle to the islands' development as tropical storms wiped out substantial portions of bananas in many years. There is a small manufacturing sector and a small offshore financial sector serving international businesses; its secrecy laws have caused some international concern. There are increasing demands for international financial services like stock exchange and