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Maldives-China FTA set to kick off from Jan 1
The Daily Guardian
|September 18, 2024
The Maldives on Tuesday announced that the FTA with China is set to take effect on January 1, 2025 and the bilateral trade is expected to increase to USD 1 billion with its implementation.
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The Free Trade Agreement (FTA) with China will offer significant benefits to the Maldives, including enhanced opportunities for exporting various goods and providing additional services, Maldives' Minister of Economic Development and Trade Mohamed Saeed told a press conference here at the President's Office.
The FTA was initially signed in 2014 and approved by the Maldivian parliament in 2017. However, its implementation was postponed following a change in government in 2018.
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