Economic Minister Mohamed Saeed said the Maldives and India are negotiating a new Free Trade Agreement separate from SAFTA, and disclosed the status of trade pacts with China, Türkiye and the UK. He was speaking at a press conference on Monday.
Tracked 296 types Electricity and water tariffs
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
At a press conference on Monday, Saeed said India had initiated the request for a new agreement.
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In my recent talks with India, they want to have a free trade agreement with Maldives separately, in addition to SAFTA. The President wants to have that opportunity with all countries
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In addition, under an existing FTA, 296 types of seafood can now be exported to China without any tariffs, he said.
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the South Asian Free Trade Area (SAFTA), a free trade arrangement which came into force in 2006 which succeeded the 1993 SAARC Preferential Trading Arrangement.
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which succeeded the 1993 SAARC Preferential Trading Arrangement.
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The agreement, signed in December 2017, will become ‘active’ once parliament is in session according to the minister.
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