The second joint council meeting of Trade and Investment Framework Agreement (TIFA) has concluded. During the meeting, discussions were held to strengthen trade relations between Maldives and the US.
The council meeting held in Male’ was headed by Ministry of Economic Development Fayyaz Ismail from Maldives and US Assistant Trade Representative for South and Central Asia Christopher Wilson.
Speaking at the meeting, Economic Minister Fayyaz Ismail expressed the desire of Maldives to enhance trade ties with US. Furthermore, he requested to receive benefits from Generalised System of Preference from the US.
Moreover, during the meeting, discussions were held on the importance of protecting intellectual property. Further discussions were held on environment issues, ensuring the rights of workers and on ways Maldives and the US can collaborate in the said areas.
TIFA was signed between the US and Maldives in 2009 aiming to expand trade and investment between the two countries, reduce trade barriers and protect intellectual property rights and worker's rights.