Economy economy / international relations Maldives Impact 7.0/10 2 min read

Maldives to Implement Free Trade Agreement with Türkiye in Early 2025

Maldives Economic Development Minister Mohamed Saeed announced that the free trade agreement with Türkiye, signed on November 4, will be implemented in the first quarter of 2025. The deal is expected to ease Maldivian fish exports to Türkiye and reduce trade barriers. Additionally, a separate FTA with China, initially signed in 2014, will take effect on January 1, 2025, projected to boost trade from $700 million to $1 billion. These agreements aim to strengthen Maldives' international trade presence.

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Nov 22, 2024

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Maldives Economic Development Minister Mohamed Saeed announced that the free trade agreement with Türkiye, signed on November 4, will be implemented in the first quarter of 2025. The deal is expected to ease Maldivian fish exports to Türkiye and reduce trade barriers. Additionally, a separate FTA with China, initially signed in 2014, will take effect on January 1, 2025, projected to boost trade from $700 million to $1 billion. These agreements aim to strengthen Maldives' international trade presence.

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