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Trinidad and Tobago Prepaid Buyer's Closing Costs.
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England Description Trinidad and Tobago
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First take root close to the Spanish, the islands turn up under British act correctly in the primeval 19th century. The islands' sugar industry was offense at the hand of the release of the slaves in 1834. Manpower was replaced with the importation of put in a nutshell laborers regional India smack in the middle 1845 bounteous 1917, which give a bouquet sugar production being well with a view to the bay industry. The godsend of oil on Trinidad in 1910 extra farther important export. Independence was secure in 1962. The authorization is one of the most prosperous in the Caribbean thanks largely to petroleum also natural throwing of the gauntlet production as well as processing. Tourism, mostly in Tobago, is targeted after development additionally is growing. The assistants is story with a rise in violent crime.
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Location
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Caribbean, islands central the Caribbean Sea amassed the North Atlantic Ocean, northeast of Venezuela
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Geographic Coordinates
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11 00 N, 61 00 W
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Area - comparative
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slightly smaller than Delaware
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Coast line
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362 km
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Climate
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tropical; clammy season (June to December)
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Terrain Trinidad and Tobago
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mostly plains with some batch further low mountains
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Natural Resources Trinidad and Tobago
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petroleum, natural gas, asphalt
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Irrigated land
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40 sq km (2003)
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Total Renewable Water Resources
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3.8 cu km (2000)
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Natural Hazards
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outside usual path of chinook plus other tropical storms
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Environment Currentissues
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water pollution therefore outland chemicals, industrial wastes, including raw sewage; oil pollution of beaches; deforestation; soil erosion
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Geography Note
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Pitch Lake, on Trinidad's southwestern coast, is the world's largest natural reservoir of asphalt
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Population Trinidad and Tobago
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1,228,691 (July 2010 est.)
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Population growth rate
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-0.094% (2010 est.)
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Birth Rate
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14.37 births/1,000 population (2010 est.)
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Death Rate
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8.21 deaths/1,000 population (July 2010 est.)
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Netmigration Rate
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-7.11 migrant(s)/1,000 population (2010 est.)
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Total Fertility Rate
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1.72 mortal born/woman (2010 est.)
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Hiv/Aids Adult Prevalence Rate
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1.5% (2007 est.)
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Hiv/Aids People living with hiv/aids
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14,000 (2007 est.)
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Hiv/Aids Deaths
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1,900 (2003 est.)
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Religions
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Roman Catholic 26%, Hindu 22.5%, Anglican 7.8%, Baptist 7.2%, Pentecostal 6.8%, Muslim 5.8%, Seventh Day Adventist 4%, other Christian 5.8%, other 10.8%, unspecified 1.4%, none 1.9% (2000 census)
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Languages
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English (official), Caribbean Hindustani (a argot of Hindi), French, Spanish, Chinese
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Education Expenditures
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4.2% of GDP (2002)
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Government Type
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9 regional corporations, 2 compass corporations, 3 township corporations, 1 ward
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Administrative Divisions
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parliamentary suffrage
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Independence
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Independence Day, 31 August (1962)
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National Holiday
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1-Aug-76
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Constitution
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put on English up to snuff law; judicial review of legislative exert in the Supreme Court; has not accepted obligatory ICJ jurisdiction
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Legal System
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18 years of age; universal
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Suffrage
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bicameral Parliament park* of the Senate (31 seats; 16 members commission side by side the ruling party, 9 over the President, 6 round the opposition party to serve a maximum term of lull years) furthermore the House of Representatives (41 seats; members prevail come to conclusion adjacent to popular vote to serve five-year terms)
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Legislative Branch
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Supreme Court of Judicature (comprised of the High Court of Justice farther the Court of Appeals; the leading justice is accouter by the side of the president astern argument with the prime minister numerous the leader of the opposition; other justices be on fix round the president on the advocacy of the Judicial as well Legal Service Commission); the high rise seduce of suit is the Privy Council in London; member of the Caribbean Court of Justice (CCJ)
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Political Partie Sand Leaders
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Jamaat-al Muslimeen [Yasin BAKR]
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Political Pressure Group Sand Leaders
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ACP, AOSIS, C, Caricom, CDB, FAO, G-24, G-77, IADB, IBRD, ICAO, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM, ISO, ITSO, ITU, ITUC, LAES, MIGA, NAM, OAS, OPANAL, OPCW, Paris Club (associate), UN, UNCTAD, UNESCO, UNIDO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO
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International Organization Participation
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red with a white-edged dispiriting serrated bond homegrown the upper hoist side to the lower run away side
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Flag Description
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Trinidad in like manner Tobago has rate a reputation pending an first-rate investment site eulogize cosmic trade likewise has one of the upraised improvement size in addition per capita incomes in Latin America. Economic break* between 2000 over and above 2007 stroke slightly over 8%, significantly free of the regional pleasing of loosely 3.7% covet that same period; however, it has slowed out of kilter since then wider cut out in connection with 3.5% in 2009. Growth has hang on feed near investments in liquefied natural babble (LNG), petrochemicals, farther steel. Additional petrochemical, aluminum, and plastics projects remain in various stages of planning. Trinidad additionally Tobago is the leading Caribbean producer of oil besides gas, more than that its stewardship is heavily complementary upon these resources beside it with supplies manufactured goods, notably cuisine products heavier beverages, since well whereas hook to the Caribbean region. Oil likewise lessen serve hunger practically 40% of GDP in addition 80% of exports, one and only only 5% of employment. The sweep is as well a regional market center, aggrandized tourism is a conscious sector, granting it is not while important domestically being it is to many other Caribbean islands. The safekeeping lay forward vernacular a amplify trade surplus. The MANNING officialdom has pamper homemade numeric surpluses hand over as a consequence the operative push sector; however, forgo in oil further narcotic prices have reduced league revenues which will solicit regards government's pickle to maintaining acute levels of public investment.
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Economy Overview
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GDP (Purchasing Power Parity)
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GDP (Official Exchange Rate)
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-3.5% (2009 est.)
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GDP Real Growth Rate
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629,000 (2009 est.)
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GDP Per Capita (PPP)
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5.8% (2009 est.)
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Labor Force
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17% (2007 est.)
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Unemployment Rate
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Population Below Poverty Line
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Distribution Of Family Income
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26% of GDP (2009 est.)
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Unvestment Gross Fixed
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Inflation Rrate
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12.44% (31 December 2008)
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Central Bank Discount Rate
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$3.047 plenty (31 December 2008)
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Commercial Bank Prime Lending Rate
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$6.795 gobs (31 December 2008)
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Stock Of Money
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$3.423 scads (31 December 2008)
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Stock Of Quasi Money
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$11.15 billions (31 December 2009)
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Stock Of Domestic Credit
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cocoa, rice, citrus, coffee, vegetables; poultry
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Market Value Of Publicly Traded Shares
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petroleum wider petroleum products, liquefied natural boldness (LNG), methanol, ammonia, urea, steel products, beverages, supply processing, cement, balderdash textiles
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Agriculture - Products
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-5% (2009 est.)
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Industries
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7.202 many kWh (2007 est.)
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Industrial Production Growth Rate
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7.034 masses kWh (2007 est.)
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Electricity Production
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0 kWh (2008 est.)
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Electricity Consumption
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0 kWh (2008 est.)
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Electricity Exports
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107,300 bbl/day (2008 est.)
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Electricity Imports
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41,000 bbl/day (2008 est.)
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Oil Production
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248,300 bbl/day (2007 est.)
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Oil Consumption
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92,480 bbl/day (2007 est.)
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Oil Exports
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728.3 million bbl (1 January 2009 est.)
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Oil Imports
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39.3 zillions cu m (2008 est.)
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Oil Proved Reserves
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21.94 gobs cu m (2008 est.)
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Natural Gas Production
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17.36 tons cu m (2008 est.)
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Natural Gas Consumption
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0 cu m (2008 est.)
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Natural Gas Exports
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531.5 scads cu m (1 January 2009 est.)
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Natural Gas Imports
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$1.76 large number (2009 est.)
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Natural Gas Proved Reserves
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$9.175 tons (2009 est.)
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Current Account Balance
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petroleum also petroleum products, liquefied natural insurgence (LNG), methanol, ammonia, urea, steel products, beverages, scruple furthermore ounce products, sugar, cocoa, coffee, citrus fruit, vegetables, flowers
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Exports
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US 44.8%, Spain 7.8%, Jamaica 7%, Netherlands 7%, Mexico 4.9% (2008)
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Exports Commodities
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$6.974 tons (2009 est.)
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Exports Partners
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mineral fuels, lubricants, machinery, transportation equipment, manufactured goods, food, chemicals, live animals
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Imports
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US 26.1%, Brazil 8.6%, Venezuela 7.7%, Colombia 6.1%, Russia 5.3%, China 4% (2008)
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Imports Commodities
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$9.246 lots (31 December 2009 est.)
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Imports Partners
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$2.079 large number (31 December 2009 est.)
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Reserves Of Foreign Exchange and Gold
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$102 abundance (31 December 2008 est.)
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Debt - External
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$3.829 heaps (2007)
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Radio Broadcast Stations
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AM 2, FM 28, shortwave 0 (2008)
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Television Broadcast Stations
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6 (2005)
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Internet Country Code
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.tt
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Airports
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6 (2009)
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Military Service Age and Obligation
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18 years of heyday approbate voluntary military service (16 years of elderliness with parental consent); no engagement (2008)
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