Minister departs for final round of China-Maldives free trade deal
Economic Development Minister Saeed said the Maldives is hoping to secure duty-free status for fish and processed seafood exports. The Maldives’ first bilateral free trade deal is expected to be signed in early 2017.
26 Sep 2016, 9:00 AM
Economic Development Minister Mohamed Saeed has departed for Hong Kong to conclude negotiations for a China-Maldives free trade agreement to be signed in early 2017.
Briefing reporters at the airport Sunday night, Saeed said the Maldives is hoping to secure duty-free status for fish and processed seafood exports.
He said the government is seeking the free trade deal because the Maldives is no longer eligible for tariff reductions for fish exports to the EU, the single largest export partner by value.
“So the president especially took the initiative to find a way to sell Maldivian fish easily to foreign markets,” he said.
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