The Maldives and Turkiye have signed a free trade agreement to strengthen trade relations. The agreement was signed by Minister of Economic Development Mohamed Saeed and Minister of Trade Professor Dr. Omer Bolat.
The agreement will not only ease fish exports to Turkiye but also reduce trade barriers, bolster trade relations between the two countries, and facilitate increased bilateral trade. Maldivian fish exporters will have the opportunity to expand their business in the Turkish market, while Maldivian consumers and businesses will benefit from access to Turkish products at lower prices.
The agreement was discussed during the President's visit to Turkiye in November last year, when he met with Turkish President Recep Tayyip Erdogan to discuss enhancing bilateral relations. The two leaders engaged in extensive discussions on strengthening economic ties, including cooperation in trade, investment, renewable energy, and higher education.
Economic ties are now being deepened between the Maldives and Turkiye . The agreement will further solidify the relationship and create new opportunities for businesses in the future.