Ministry or office
Ministry of Economic Development and Trade
In the news, last 90 days
Infrastructure
Agreement aims to boost capacity for electric vehicles and charging stations
An MoU was signed between the Ministry of Climate Change, Environment and Energy and the Ministry of Economic Development and Trade to strengthen technical capacity for maintaining electric vehicles and charging stations in the Maldives. Under the agreement, specialized training will be provided to technical personnel to support the long-term sustainability of electric buses and other vehicles funded by the GEF project.
Justice
In the case seeking to halt use of the name 'Maldives Expo', the ruling comes after the expo concludes
The Civil Court ruled that it cannot issue an interim order stopping the Ministry of Economic Development and Trade and the Business Center Corporation from using the name "Maldives Expo" for the exhibition. The case was brought by Maldives Expo Pvt Ltd, which argued it had suffered business losses since the state began promoting an exhibition under the same name.
Economy
BML opens payment gateway applications for MSMEs
Bank of Maldives (BML) has opened applications for its payment gateway service for micro, small and medium-sized enterprises, enabling local businesses to receive payments in US dollars from customers worldwide. Applications are accepted through the Business Centre Corporation portal, with the initiative carried out in collaboration with the Ministry of Economic Development and BCC.
International
Maldives and China Sign Five Agreements to Strengthen Business Cooperation
The Maldives and China signed five agreements covering economic cooperation, an agricultural demonstration centre, frozen fish and fish product exports, and the import of essential food items. The signing took place at the China–Maldives Investment Cooperation Forum held alongside the Maldives Business Expo.
Economy
China–Maldives Investment Cooperation Forum Begins
The China–Maldives Investment Cooperation Forum has opened with President Dr Mohamed Muizzu officiating, bringing together more than 100 participants including representatives from over 40 Chinese companies. Organised jointly by the Ministry of Economic Development and Trade and the Chinese Embassy as a one-day event, it is held on the sidelines of the National Productivity Expo and is set to feature five MoU signings.
Economy
President Muizzu inaugurates largest-ever Maldives Expo showcasing 4,400 products
President Dr Mohamed Muizzu inaugurated the Maldives Expo 2026 at Hulhumalé Central Park, featuring 419 participants and approximately 4,400 products across 73 categories and 16 sectors. Organised by the Ministry of Economic Development and Trade and the Business Center Corporation, the exhibition runs until November 2 with expanded districts and growth over the previous edition.
Economy
Relief for Businesses in Addu: No Taxes or Land Rent for Three Years
President Dr Mohamed Muizzu announced that Addu will be designated a special economic zone for three years, from 2027 to 2029, exempting businesses on state-owned land from rent, BPT and income tax, and reducing annual fees. The incentives, described as a pilot project, follow the Addu Business Dialogue held on 13 and 14 May, with the Ministry of Economic Development expected to announce specific arrangements in the coming days.
Economy
BML Gateway to Allow USD Payments for Local Businesses from 1 November
President Dr Mohamed Muizzu announced that the Bank of Maldives payment gateway will let local businesses receive international customer payments in US dollars from 1 November, with the Ministry of Economic Development and Trade, the Business Centre Corporation and BML jointly developing the framework. He also cited government financing figures for SMEs and the Youth Entrepreneurship Programme.
Economy
President announces US dollar payment gateway for small businesses from November 1
President Dr Mohamed Muizzu announced that eligible Maldivian producers and small businesses will be able to receive US dollar payments through a Bank of Maldives payment gateway starting November 1. The initiative, implemented with the Ministry of Economic Development and Trade and the Business Center Corporation, aims to ease international payments for MSMEs and includes measures for overseas purchases, remittances and recurring subscriptions.
Economy
Largest advances in Maldives investment sector achieved under current government: Saeed
Minister of Economic Development and Trade Mohamed Saeed said the Maldives has made its biggest investment-sector advances in the past two years under President Dr Mohamed Muizzu's administration. Speaking at the Maldives Expo 2026 awards ceremony, he highlighted growth in exhibitors and the President's ambition to raise the creative economy's share of the national economy to 15 percent by 2030.
Where and about what
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