https://sputniknews.in/20240526/india-pushing-for-free-trade-agreement-with-maldives-7454640.html
India Pushing for Free Trade Agreement With Maldives
India Pushing for Free Trade Agreement With Maldives
Sputnik India
The island nation is looking to open free trade routes with all its partners, explained Minister of Economic Development and Trade Mohamed Saeed. India-Maldives commerce rocketed to $500 million in 2022.
2024-05-26T15:08+0530
2024-05-26T15:08+0530
2024-05-26T15:08+0530
political affairs
mohamed muizzu
maldives
india
free trade agreement (fta)
trade corridor
sea trade
barter trade
rupee-rouble trade
trade barriers
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The Maldives announced on Saturday that Delhi has initiated efforts to establish a free trade agreement (FTA) between the two nations.Saeed highlighted that the Maldives' president has extended a similar opportunity to all partners, emphasizing the government's aim to enter into agreements with as many nations as possible to facilitate trade.As part of the spat, President Mohamed Muizzu called for the withdrawal of Indian military personnel from the Maldives, with civilian personnel replacing the military presence earlier this month.Nonetheless, bilateral trade between India and the Maldives has experienced significant growth recently, surpassing $300 million for the first time in 2021 and exceeding the $500 million milestone in 2022, according to records from the Indian High Commission.
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maldives, free trade agreement between, india, south asian free trade agreement (safta), minister of economic development and trade, mohamed saeed, maldives president, trade activities, diplomatic dispute, indian military personnel, indian high commission.
maldives, free trade agreement between, india, south asian free trade agreement (safta), minister of economic development and trade, mohamed saeed, maldives president, trade activities, diplomatic dispute, indian military personnel, indian high commission.
India Pushing for Free Trade Agreement With Maldives
The island nation is looking to open free trade routes with all its partners, explained Minister of Economic Development and Trade Mohamed Saeed. India-Maldives commerce rocketed to $500 million in 2022.
The Maldives announced on Saturday that Delhi has initiated efforts to establish a free trade agreement (FTA) between the two nations.
India is keen on establishing a FTA with Maldives, in addition to the existing South Asian Free Trade Agreement (SAFTA), said Saeed during a press conference.
Saeed highlighted that the Maldives' president has extended a similar opportunity to all partners, emphasizing the government's aim to enter into agreements with as many nations as possible to facilitate trade.
India's reported endeavour to pursue a free trade agreement with the Maldives comes amidst an ongoing diplomatic dispute between the two countries since November last year.
As part of the spat, President Mohamed Muizzu called for the
withdrawal of Indian military personnel from the Maldives, with civilian personnel replacing the military presence earlier this month.
Nonetheless,
bilateral trade between India and the Maldives has experienced significant growth recently, surpassing $300 million for the first time in 2021 and exceeding the $500 million milestone in 2022, according to records from the Indian High Commission.
