MDP Chairperson Fayyaz Ismail said the Maldives–China Free Trade Agreement would harm the country's economic independence, speaking at an MDP panel discussion titled 'Havaru Beru' on 30 July 2024. The article notes that 7,897 items across nine sectors and 298 species of fishery products are affected, and that the FTA is due to come into force this September.
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.
This is a country that imports 95 percent of the goods we need. Economic independence can be maintained by maintaining trade independence. We have to have a very strong policy when importing goods in an importing country like ours,
the benefits of an FTA go to exporting countries and the Maldives is not an exporting country.
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
This is a country that imports 95 percent of the goods we need. Economic independence can be maintained by maintaining trade independence.
Word for word from the report in Maldives Republic. Open the report
A total of 7,897 items across nine sectors will be exempt from the Maldives' exports to China when the FTA goes into effect — also removing levies on 298 species of fishery products.
Word for word from the report in Maldives Republic. Open the report
also removing levies on 298 species of fishery products.
Word for word from the report in Maldives Republic. Open the report
While the FTA with China will come into force this September, the hope is to sign similar agreement with India and other nations, President Mohamed Muizzu had said during Independence Day commemorations last Friday.
Word for word from the report in Maldives Republic. Open the report
