Economy trade / economy Istanbul Impact 7.0/10 2 min read

Maldives, Türkiye Formalise PTA

The Maldives and Türkiye signed a Preferential Trade Agreement (PTA) on November 4, 2024, introducing tariff reductions for Maldivian exporters, especially in fisheries. The agreement, signed by Minister Mohamed Saeed and his Turkish counterpart Ömer Bolat, aims to strengthen trade relations and lower prices for Turkish products in Maldives. It was based on discussions during President Muizzu's visit to Türkiye in November 2023. The Maldives also signed a Free Trade Agreement (FTA) with China effective January 1, 2025, and is reportedly negotiating an FTA with India.

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Maldives Republic

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Nov 5, 2024

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The Maldives and Türkiye signed a Preferential Trade Agreement (PTA) on November 4, 2024, introducing tariff reductions for Maldivian exporters, especially in fisheries. The agreement, signed by Minister Mohamed Saeed and his Turkish counterpart Ömer Bolat, aims to strengthen trade relations and lower prices for Turkish products in Maldives. It was based on discussions during President Muizzu's visit to Türkiye in November 2023. The Maldives also signed a Free Trade Agreement (FTA) with China effective January 1, 2025, and is reportedly negotiating an FTA with India.

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Maldives Republic

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