Maldives and Türkiye Initiate Talks on Free Trade Agreement

The Maldives and Türkiye have begun discussions surrounding a potential free trade agreement. The announcement came from Mohamed Saeed, Minister of Economic Development and Trade, who emphasized the desire to bolster trade relations between the two nations.

The government is committed to elevating the Maldives-Türkiye relationship and strengthening existing trade and economic ties. Minister Saeed highlighted ongoing efforts to establish a free trade agreement, with the initial round-table meeting between the two countries held yesterday.

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President Dr Mohamed Muizzu’s state visit to Türkiye at the invitation of Turkish President Recep Tayyip Erdoğan marked a significant turning point in the bilateral relationship. The visit paved the way for enhanced future cooperation.

During the President’s visit, discussions focused on lowering tariff rates on Maldivian fish imports to Türkiye, collaboration within higher education, and advancing relations in high-technology sectors. Additionally, potential cooperation in cyber security, civil defence, investment, and construction was explored, along with strengthening ties between fish processing plants.

The Maldives and Türkiye formally established diplomatic relations in 1979. To further solidify bilateral relations, the Maldives Embassy in Türkiye commenced operations on February 13th, 2024, under the President’s authority.

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