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Maldives Pushes for Trade Deal with Turkey

Maldives Pushes for Trade Deal with Turkey

The Maldives government is pushing for duty-free access for 214 Maldivian products in the Turkish market, according to discussions held during the second round of negotiations for a Free Trade Agreement (FTA) between the two countries.

This move highlights the Maldives’ growing trade ties with Türkiye, as it’s called in the Turkish language. The island nation is keen to export a wider range of goods to Turkey, and the proposed zero-tariff access for 214 items signifies a significant step in that direction.

The discussions come on the heels of closer political relations between the Maldives and Türkiye. President Dr. Mohamed Muizzu chose Türkiye as his first official visit abroad after taking office, underlining the importance the Maldives places on this bilateral relationship.

Furthermore, Türkiye has already provided military assistance to the Maldives in the form of drones, bolstering the island nation’s security.

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The Maldives is also exploring trade diversification, with the government expressing interest in a separate free trade agreement with China. This multi-pronged approach suggests the Maldives is actively seeking new trade partners and expanding its economic footprint.

MMJ News Desk
Author: MMJ News Desk

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