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fisheries sector

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Tracked since 2024-03-11

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2025-06-01
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Key economic sector in Maldives, major source of foreign revenue, affected by trade tariffs.

The fisheries sector is a cornerstone of the Maldivian economy, heavily reliant on fish exports to the UK, which accounts for over half of canned fish exports. It faces challenges such as stalled free trade agreement negotiations with the UK and financial difficulties at state-owned MIFCO.

Role economic sector
Affiliation Maldives economy
Location Maldives