The Ministry of Economic Development and Trade has signed a Memorandum of Understanding (MoU) with the West London Chambers of Commerce to deepen commercial cooperation between the Maldives and the United Kingdom. The agreement was signed on 17 July 2025 and will remain in effect for an initial period of three years.
According to the ministry, the MoU sets out a framework for collaboration across trade, investment, and business development. It introduces structured pathways for commercial engagement through initiatives such as bilateral trade missions, joint investment promotion activities, and participation in international trade fairs and exhibitions.
The agreement also establishes an institutional mechanism under the Joint Business Council to support business matchmaking and investment facilitation efforts between the two countries.
Officials described the partnership as part of the Maldivian government’s wider strategy to expand international trade relations and improve market access for local businesses. It is also aligned with President Dr Mohamed Muizzu’s broader economic agenda to build a resilient and globally connected economy.
The MoU includes provisions for renewal based on mutual agreement and introduces regular review mechanisms to ensure that collaborative activities are continuously assessed and improved.
