FB   
 
Powered bysps
        Society for Policy Studies
 
 

 
Maldives to begin free trade pact discussion with China
Posted:Dec 20, 2015
 
Print
Share
  
increase Font size decrease Font size
 
Discussions to establish the Maldives-China free trade pact is scheduled to begin Monday in Bandos Island Resort.
 
The discussion is being held under the MOU regarding free trade signed between the two countries last September.
 
Economic minister Mohamed Saeed told Haveeru on Sunday that the first discussions on compiling the free trade pact will ensue for two days. The concurred results will be announced after the second discussion held in China’s Beijing in two months.
 
“We shall draw up the free trade agreement based on the resulting contents of the two discussions,” said Saeed.
 
According to the minister, the first discussion round will focus on the major advantages to the economic and business sectors of the two countries.
 
Minister Saeed elaborated that one of the demands of the Maldives government will be exemption of duty fees from fish products exported to China, which is the bulk of the Maldives’ export goods.
 
Saeed asserted that exportation of fish and its products to the market is a priority of President Abdulla Yameen Abdul Gayoom. Accordingly, the discussion with China will include strategies for further advancement of that industry.
 
He added that the enhancement of the finance sector for the benefit of civilians will also be addressed.
 
“We have to note that some of the projects currently underway in the Maldives are in association with the banks of Singapore and China. Hence, we’ll consider such factors when entering a free trade pact with a consumer market such as China.”
 
The Maldives-China free trade pact marks the first such agreement between the Maldives with another country. The Maldives had previously signed a free trade agreement with the South Asian Association for Regional Cooperation (SAARC) -- the South Asian Free Trade Area (SAFTA) -- but it is a regional agreement.
 
Haveeru Times, December 21, 2015
 
 
 
 
Print
Share
  
increase Font size decrease Font size
 

Disclaimer: South Asia Monitor does not accept responsibility for the views or ideology expressed in any article, signed or unsigned, which appears on its site. What it does accept is responsibility for giving it a chance to appear and enter the public discourse.
Comments (Total Comments 0) Post Comments Post Comment
Review
 
 
 
 
spotlight image Relations between India and Morocco go back a millennium with the first recorded links dating to the 14th century, when the famous traveller and writer from Tangier, Ibn Batuta, travelled to India.
 
read-more
Stepping up action against terrorists attacking India, President Donald Trump's Administration has declared Hizb-ul Mujahideen (HM) a “global terrorist organisation” in an attempt to choke off financial and other support to it.
 
read-more
On 14 August 1947 Pakistan, consisting of East and West Pakistan, celebrated its independence. The 14th was chosen for the ceremony because Lord Mountbatten who came to Karachi as the Chief Guest had to later leave for Delhi where ot the midnight stroke India was to declare its independence.
 
read-more
The Doklam stand-off and a variety recent opinion pieces in magazines and newspapers draws attention to the poor state of defence policy preparedness and the lack of meaningful higher defence control in India. 
 
read-more
The two ideologically divergent ruling partners - the Peoples Democratic Party (PDP) and the Bharatiya Janata Party (BJP) - in Jammu and Kashmir are headed for a showdown as the debate over the abrogation of Article 35A of the Constitution of India heats up.
 
read-more
At the root of the present Doklam crisis is China’s intrusion into Bhutanese territory for its road building projects. These connectivity projects are integral to President Xi Jinping’s dream project, the Belt and Road Initiative (BRI). India and Bhutan were the only two countries that did not participate in the first forum
 
read-more
It wasn’t so long ago that the whole world watched as Donald Trump sashayed on to the Riyadh red carpet and stole the show with his tough talk on Iranian-sponsored terrorism.
 
read-more
A vehicular attack to maximise casualties and spread panic is now a well-tested terrorist strategy in European cities.
 
read-more
It is a privilege to be invited to this most prestigious of law schools in the country, more so for someone not formally lettered in the discipline of law. I thank the Director and the faculty for this honour.
 
read-more
Column-image

As talk of war and violence -- all that Mahatma Gandhi stood against -- gains prominence across the world, a Gandhian scholar has urged that the teachings of the apostle of non-violence be taken to the classroom.

 
Column-image

Interview with Hudson Institute’s Aparna Pande, whose book From Chanakya to Modi: Evolution of India’s Foreign Policy, was released on June 17.

 
Column-image

This is the continuing amazing spiritual journey of a Muslim man from Kerala who plunged into Vedic religion after a chance encounter with a Hindu mystic under a jackfruit tree in the backyard of his house when he was just nine. It is a story w...

 
Column-image

History is told by the victors but in our modern age, even contemporary events get - or are given - a slant, where some contributors soon get eclipsed from the narrative or their images tarnished.

 
Column-image

Humans have long had a fear of malignant supernatural beings but there may be times when even the latter cannot compare with the sheer evil and destructiveness mortals may be capable of. But then seeking to enable the end of the world due to it...

 
Subscribe to our newsletter
Archive