India and the Maldives have finalized a framework to enhance the use of local currencies in cross-border trade, External Affairs Minister S. Jaishankar said during a meeting with Maldivian Foreign Minister Abdulla Khaleel in Delhi. Khaleel is on a three-day visit aimed at strengthening bilateral ties in maritime security, trade and investment.
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I observe that the framework promoting local currency use for cross-border transactions has been finalized.
Our engagement across various sectors has increased, and I want to affirm that India has consistently supported the Maldives. You exemplify our ‘neighbourhood first’ policy.
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External Affairs Minister S. Jaishankar emphasized India’s steadfast support for the Maldives during his meeting with Maldivian Foreign Minister Abdulla Khaleel in Delhi. Khaleel is on a three-day visit aimed at strengthening bilateral relations in crucial areas such as maritime security, trade, and investment with India.
Word for word from the report in The Standard. Open the report