Maldives : The Free Trade Agreement (FTA) between China and Maldives will generate fresh prospects for the fisheries industry

Maldives Foreign Minister Moosa Zameer commented in a post on X on January 9, 2024 following his attendance at the Invest Maldives Forum in Fuzhou, China, that the Free Trade Agreement signed between both nations has the potential to generate fresh prospects for trade and investment, particularly for the fisheries sector.

The spillover from China's Belt and Road Initiative has positively impacted Maldives' infrastructure and economy over the years. On this note, Minister Zameer acknowledged Maldives' appreciation to China for the solid and productive collaboration between the two nations, encompassing various aspects such as government, business, and culture. "We anticipate with this new FTA that it will further enhance the alliance between the Maldives and China to explore new opportunities for cooperation in the fisheries sector that will benefit both of our nations," stated Zameer.

President Dr. Mohamed Muizzu, on his state visit to China, characterised the Invest Maldives Forum as the most successful forum to date, with significant business participation from both countries. According to him, the Maldivian government has continued to promote foreign investments to broaden the tourism economy, stimulate the maritime economy, and modernise the financial economy.

Source: https://en.sun.mv/86959