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Maldives Will Implement China FTA in September; Pursuing Similar Agreements With Turkey, UK and India: President Muizzu
President Mohamed Muizzu said the Maldives-China Free Trade Agreement will come into effect in September and that the country is pursuing similar agreements with Turkey, the UK and India. Speaking at the official ceremony marking the nation's 59th Independence Day, he also detailed duty relief under the China FTA, loan restructuring efforts and debt repayments made over the past eight months.
Sources1carried itMR1 of 19 news outlets we monitor
Figures8as written, with their sentences
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.
What happened
in order; days are read from the reports' words and dates
Fri 26 JulPresident Mohamed Muizzu spoke at the official ceremony marking the nation's 59th Independence Day.Friday, 26 July 2024only Maldives RepublicPresident Mohamed Muizzu speaks at the official ceremony marking the 59th Independence Day on Friday, 26 July 2024.
Word for word from the report in Maldives Republic. Open the report
Who said what
the reports' own quoted words, each once
On behalf of the people of the Maldives, I would like to thank the Chinese government and the Indian government for their cooperation in this effort for the sake of the Maldivian people, to ensure our economic independence and to strengthe…
We are working to manage the economy over the next five years by distributing the [repayment of] loans we have taken for various points in a more convenient manner and implementing the planned measures to ensure economic independence.
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
Figures in these reports
as written, with the sentence they come from
7,897 itemsitems receiving duty relief under the China FTAMaldives RepublicAccording to Muizzu, the FTA with China will result in duty relief on a total of 7,897 items across nine sectors, including for 298 species of fish exports.
Word for word from the report in Maldives Republic. Open the report
298 speciesfish export species covered by China FTA duty reliefMaldives RepublicAccording to Muizzu, the FTA with China will result in duty relief on a total of 7,897 items across nine sectors, including for 298 species of fish exports.
Word for word from the report in Maldives Republic. Open the report
53 itemsitems possibly receiving duty relief under the proposed Turkey FTAMaldives RepublicThe proposed FTA with Turkey will possibly result in duty relief on 53 items exported to the country and some duties will be eliminated altogether, Muizzu said.
Word for word from the report in Maldives Republic. Open the report
US$200 millionIndian loans rolled overMaldives RepublicOf the US$200 million loans rolled over by India, US$50 million was paid when the Muizzu administration came into office; however, with the worsening of the nation’s financial climate the Indian government has been requested for a further rollover of US$50 million.
Word for word from the report in Maldives Republic. Open the report
US$50 millionloan repayment made when the Muizzu administration took officeMaldives RepublicOf the US$200 million loans rolled over by India, US$50 million was paid when the Muizzu administration came into office; however, with the worsening of the nation’s financial climate the Indian government has been requested for a further rollover of US$50 million.
Word for word from the report in Maldives Republic. Open the report
US$50 millionfurther loan rollover requested from IndiaMaldives RepublicOf the US$200 million loans rolled over by India, US$50 million was paid when the Muizzu administration came into office; however, with the worsening of the nation’s financial climate the Indian government has been requested for a further rollover of US$50 million.
Word for word from the report in Maldives Republic. Open the report
US$1 billionline of credit facilitated by IndiaMaldives RepublicThe line of credit is the same as the US$1 billion line of credit facilitated during the previous administration.
Word for word from the report in Maldives Republic. Open the report
MVR 3.8 billionloans paid without debt monetisationMaldives RepublicDuring the past eight months, MVR 3.8 billion has been paid to cover loans without resorting to debt monetisation, Muizzu said.
Word for word from the report in Maldives Republic. Open the report
