The Maldives and Türkiye signed a preferential trade agreement in Istanbul on 4 November 2024, introducing tariff reductions and other advantages for Maldivian exporters, the Ministry of Economic Development and Trade said. The Ministry said the agreement includes tariff concessions for the Maldivian fisheries sector and follows discussions during President Mohamed Muizzu's visit to Türkiye in November last year.
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Minister of Economic Development and Trade Mohamed Saeed and his Turkish counterpart, Ömer Bolat, sign the Türkiye-Maldives Preferential Trade Agreement in Istanbul, Türkiye, on Monday, 4 November 2024.
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The Maldives had earlier signed a free trade agreement (FTA) with China, which will see practical enforcement starting 1 January 2025.
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Under this agreement, considerable tariff concessions are available for the Maldivian fisheries sector, enabling fish exporters to access and expand their operations in the Turkish market. Additionally, Maldivian consumers and businesses w…
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According to the Ministry, the agreement was formulated and formalised as discussed during President Mohamed Muizzu's visit to Türkiye in November last year.
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