Delegations from the governments of the Maldives and the United States convened for the third meeting of the United States-Maldives Trade and Investment Framework Agreement (TIFA) Council on Wednesday. The meeting, held in the US capital, was co-chaired by Maldivian Economic Minister Mohamed Saeed and Assistant United States Trade Representative (AUSTR) for South and Central Asia, Brendan Lynch. The discussions were attended by officials representing various authorities from both nations.
In a statement issued by the Office of the United States Trade Representative (USTR), Minister Saeed and AUSTR Lynch expressed their shared ambition to deepen economic relations. They underscored the significant role of bilateral engagement in diversifying trade and investment ties to foster inclusive and sustainable growth.
During the meeting, the Maldivian delegation presented President Dr. Mohamed Muizzu’s administration’s economic vision. They sought support from the US government to realise these aspirations, highlighting investment opportunities in the financial, maritime, real estate, and tourism sectors.
The Maldives also emphasised its support for digital content creators, artists, and entrepreneurs, aiming to help them capitalise on global commercial platforms and payment system solutions.
Both sides reiterated their commitment to enhancing cooperation on worker rights, digital trade, and environmental sustainability. They emphasised that strengthened bilateral trade and investment should benefit workers and businesses of all sizes in both countries.
Discussions also centred on the Maldives’ ongoing economic reforms and efforts to improve the business climate to boost trade and incentivise investment. The USTR congratulated the Maldives on implementing a majority of its commitments under the World Trade Organization’s Agreement on Trade Facilitation. They also encouraged further collaboration with donors, including the United States, to implement the remaining provisions.
The meeting concluded with both parties expressing their commitment to intensify productive engagement under the TIFA. They agreed on the importance of further strengthening bilateral economic ties for mutual benefit.
The TIFA Council meeting marks a significant step forward in the economic partnership between the Maldives and the United States, showcasing a shared commitment to fostering sustainable and inclusive growth through enhanced trade and investment cooperation.
