Maldives Opposition Warns FTA With China Imperils Economic Sovereignty

Quick Summary:

If tariffs are eliminated for Chinese goods, Maldives will be forced to import exclusively from China as goods from other countries would not be able to compete against cheaper Chinese goods.

In May, the Chinese ambassador to the Maldives said China has no intention of restructuring debt.“We are prioritizing providing free aid to the Maldives so as not to further increase Maldives’ debt,” Ambassador Wang Lixin told the local press.

Jaishankar’s three-day visit to the Maldives.“This agreement alongside other economic and trade-related agreements will facilitate trade liberalization and ease the risks of doing business in both our countries,” Maldives Foreign Minister Moosa Zameer said in a statement.

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Article Details

Author / Journalist: Ahmed Naish

Category: Economy

Markets: United StatesChinaGermanyIndiaMaldivesMongoliaOmanPakistanSingaporeThailandTurkeyUnited KingdomVietnam

Topics: Exports Goods Maldives India Debt Minister Maldivian Chinese Trade Economic China

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-11 @ 20:43:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 2163 words

Reading Time: 13 minutes read

Sentences: 85 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Diplomat

News ID: 22028776

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