The Edition


Maldives to hold trade forums with more countries

Fathmath Shaahunaz
13 October 2016, MVT 17:38
A representative of a Thailand export firm gives information on his company products to a Maldivian businessman at the forum held in Dharubaaruge. PHOTO: NISHAN ALI/MIHAARU
Fathmath Shaahunaz
13 October 2016, MVT 17:38

The Maldives government has decided to hold forums in collaboration with more countries and their companies in order to facilitate economical export and import options for the island nation.

Speaking at the fair held in Dharubaaruge convention centre in capital Male on Thursday to showcase the products of 30 export companies of Thailand, representatives of which arrived in the Maldives to attend the second meeting of Maldives-Thailand Joint Trade Committee, deputy economic minister Adam Thaufeeq told reporters that the government will hold such forums with other countries as well. As such, the government is planning to bring representatives of export companies from neighbouring India to showcase their products and provide information to Maldivian businessmen.

However, he did not disclose a specific date for the forum with Indian firms.

While the government is planning to hold a trade forum with India, the third Maldives Investment Forum is also set to be held in Indian capital on November 21 and 22 to seek more investors and opportunities in trade and economy for the Maldives as well as strengthen diplomatic and bilateral trade relations between the two South Asian neighbours.

Speaking at the inauguration of the Investment Forum held last month, economic minister Mohamed Saeed had noted that India is one of the closest states to the archipelago in terms of trade, noting the key role India plays in the Maldives’ economy.

India is one of the largest import markets for the Maldives with an average MVR 1 billion of goods imported to the island nation annually.