Maldives on Saturday said India has initiated efforts to create a Free Trade Agreement between the two countries and deliberations are ongoing for achieving it. They (India) want there to be a Free Trade Agreement with Maldives, in addition to SAFTA (South Asian Free Trade Agreement), Minister of Economic Development and Trade Mohamed Saeed told a press conference here. The Maldives President has offered this opportunity to all countries, Saeed said, adding that the government aims to enter into agreements with as many countries as possible to offer ease in trade activities. India's reported effort at seeking an FTA with the Maldives comes in the backdrop of an ongoing diplomatic row between the two countries since November last year when President Muizzu, known for his pro-China leanings, took the oath. Within hours of his oath, he had demanded the withdrawal of Indian military personnel from his country. The last of the Indian military personnel were replaced by civilians earlier
Notwithstanding the turbulence in their bilateral ties, the Maldives will soon launch India's RuPay service, which a senior minister has said "will bolster the Maldivian Rufiyaa." RuPay, a product of the National Payments Corporation of India (NPCI), is the first of its global card payment network in India, with wide acceptance at ATMs, POS devices, and e-commerce websites across India. Minister of Economic Development and Trade Mohamed Saeed while announcing how both India and China have agreed to use local currency in bilateral trade, spoke about the upcoming launch of India's RuPay. The upcoming launch of India's RuPay service is anticipated to further bolster the Maldivian rufiyaa (MVR), Saeed told state-run PSM News on Wednesday. He also emphasised that addressing the dollar issue and reinforcing the MVR is a top priority for the current administration. However, there has been no announcement of any date for the launch. Last week, a news portal, CorporateMaldives.com, reporte
The Maldives on Wednesday said both India and China have agreed to cooperate in efforts to pay for imports in their respective countries' currency instead of the US dollar, which is likely to help Male save almost 50 per cent of the annual USD 1.5 million imports bill from the two countries. Maldives' Economic Development Minister Mohamed Saeed said he met with the Indian High Commissioner Munu Mahawar two weeks ago, who in turn, said that New Delhi would support and cooperate in arranging for the settlement of import payments in Indian Rupee. Similarly, Saeed said, he received a letter from China's Commerce Ministry, two days ago, in which Beijing provided assurance it will cooperate in allowing the option to settle import payments in Yuan, the Chinese currency, as requested by President Mohamed Muizzu. Annually, Maldives imports goods worth USD 780 million and USD 720 million from India and China respectively, the minister had said in April when he had first announced that the ...
Capacity building is an "important component" in India's defence and security engagement with the Maldives and "we will be happy to take it forward" if New Delhi receives a request from Male for training their pilots, the Ministry of External Affairs said on Friday. Randhir Jaiswal, the Ministry of External Affairs (MEA) spokesperson, made the comment during his weekly briefing in response to a query over reports on issues related to operation of an aviation platform in the Maldives. Indian military personnel were stationed in the Maldives to operate two helicopters and a Dornier aircraft, used primarily for medical evacuations. The last batch of Indian military personnel were repatriated by May 10, according to the deadline set following an agreement between the two countries in February. The MEA spokesperson said, "Yes, capacity building is an important component in our defence and security engagement with the Maldives. We have in the past trained their personnel on the defence si
The move comes after Maldives President Mohamed Muizzu, a pro-China leader, insisted on the withdrawal of Indian military personnel by May 10
India-Maldives ties: The decision on extending the support was made by the Centre following a request made by Zameer during his official bilateral visit to India last week
Maldives Minister of Foreign Affairs Moosa Zameer on Saturday said 76 Indian military personnel were replaced by civilian employees of the Hindustan Aeronautics Limited which manufactured the helicopters gifted by India, thus also ending the suspense over the exact number of those repatriated. The Indian military personnel, stationed in the Maldives to operate two platforms for helicopters and a Dornier aircraft used primarily for medical evacuations, were repatriated by Friday, as per the May 10 deadline set following an agreement between the two countries in February in New Delhi. That agreement was a result of the demand of pro-China President Mohamed Muizzu made within hours of his assuming office in November. Local media reports on Saturday quoted Zameer addressing a press conference a day after he returned from his first official visit to India, detailing the presence of Indian soldiers stationed in Hanimaadhoo, Kadhdhoo and Gan. As many as 26 soldiers withdrew from Gan betwe
India has withdrawn all its soldiers from the Maldives, the government here has said, ahead of the May 10 deadline set by President Mohamed Muizzu for the complete withdrawal of Indian military personnel from his country. President Muizzu, widely seen as a pro-China leader, had set May 10 as the deadline for the withdrawal of the Indian military personnel from his country. Repatriation of some 90 Indian military personnel stationed in the Maldives was a key pledge of Muizzu during his presidential campaign last year. The last batch of Indian soldiers stationed in the Maldives have been repatriated, confirmed Heena Waleed, President's Office Chief Spokesperson told Sun.mv news portal, without giving the number of Indian soldiers. She added details about the number of the soldiers stationed would be disclosed later. The Indian military personnel were stationed in the Maldives to operate and maintain two helicopters and Dornier aircraft India gifted earlier. Earlier, the Maldives ...
External Affairs Minister S Jaishankar on Thursday conveyed to his Maldivian counterpart Moosa Zameer that the development of India-Maldives ties is based on "mutual interests" and "reciprocal sensitivity". Jaishankar's remarks came amid a downturn in the bilateral ties between the two countries since pro-China president Mohamed Muizzu assumed office six months back. "As close and proximate neighbours, the development of our ties is obviously based on mutual interests and reciprocal sensitivity," the external affairs minister said in his opening remarks in his meeting with Zameer here. "As far as India is concerned, these are articulated in terms of our Neighbourhood First policy and SAGAR (Security and Growth for all in the Region) vision. I hope that our meeting today will enable us to strengthen the convergence of our perspectives in various domains," Jaishankar said. The relations between the two countries came under severe strain in view of Muizzu insisting on withdrawal of ..
Earlier today, Jaishankar held delegation-level talks with Maldivian Foreign Minister Mossa Zameer, who had arrived in India a day earlier
External Affairs Minister S Jaishankar on Thursday conveyed to his Maldivian counterpart Moosa Zameer that the development of India-Maldives ties is based on "mutual interests" and "reciprocal sensitivity". Jaishankar's remarks came amid a downturn in the bilateral ties between the two countries since pro-China president Mohamed Muizzu assumed office six months ago. "As close and proximate neighbours, the development of our ties is obviously based on mutual interests and reciprocal sensitivity," the external affairs minister said in his opening remarks in his meeting with Zameer here. "As far as India is concerned, these are articulated in terms of our Neighbourhood First policy and SAGAR (Security and Growth for all in the Region) vision. I hope that our meeting today will enable us to strengthen the convergence of our perspectives in various domains," he said. The relations between the two countries came under severe strain in view of Muizzu insisting on withdrawal of Indian ...
According to the release, the Maldivian Minister will hold a meeting with the External Affairs Minister S Jaishankar to discuss the bilateral and regional issues of mutual interest
India has withdrawn 51 of its soldiers from the Maldives so far, the government here has said ahead of the May 10 deadline set by President Mohamed Muizzu for the complete withdrawal of Indian military personnel from his country. The Maldivian government earlier announced that two batches of Indian soldiers had left the country. However, the exact figure was not disclosed previously. The Chief Spokesperson of the President's Office Heena Waleed, in response to questions regarding the issue, said on Monday, that a total of 51 Indian soldiers have been repatriated so far. "All Indian military personnel in the country will be withdrawn from the Maldives by May 10. As of now, 51 soldiers stationed at two platforms have been repatriated," Heena was quoted as saying by the Edition.mv news portal. She however refused to disclose the exact figure of the Indian soldiers stationed in the Maldives, stating the details would be shared at a later date, Sun.mv. news portal reported. According t
India should review its position
Preliminary results show that pro-China Maldives President Mohamed Muizzu's political party has won 70 seats, securing a 'super majority', in the nation's parliamentary elections
Nationalism, coupled with cheaper alternatives and ease of visa access to countries like Vietnam, Indonesia, Thailand, and Malaysia, is driving Indian tourism away from the Maldives
The second group of Indian military personnel operating a helicopter has left the Maldives on April 9 under a bilateral agreement with India, President Mohamed Muizzu has announced. Muizzu announced this on Friday while speaking during a campaign event for ruling party candidates ahead of the parliamentary elections scheduled for later this month. "The first team has already gone. Now, on April 9, the soldiers on the second platform have also been withdrawn," Muizzu was quoted as saying by the local media. The agreement between Maldives and India is to replace the Indian military personnel stationed in Maldives to oversee the operations of the military aircraft the country has gifted with trained civilians also from India. Muizzu, a pro-China leader, added that the Indian soldiers on the last platform would also leave the Maldives before May 10 and that would mark the fulfillment of his pledge to remove Indian soldiers from the island nation. "There is only one platform left. As t
The Maldives is currently discussing with India if the island nation can make payments for its imports from the country in Maldivian Rufiyaa, a senior minister has said. A similar arrangement is also being worked out for imports of goods from China, Minister for Economic Development Mohamed Saeed said and noted that annually, Maldives imports goods worth USD 780 million and USD 720 million from India and China respectively. According to the news portal Edition.mv, Saeed was speaking at an event held on the island of Maavah during President Mohamed Muizzu's visit to Laamu Atoll ahead of parliamentary elections on April 21. He stated that if the ruling party were able to secure a majority in Parliament, they would be able to bring the dollar rate back down to official market values within approximately two years. Saeed said his party was now getting all signals that there was a possibility to make non-dollar payments for all of these massive import arrangements. International trade
In an apparent bid to woo Indian tourists back to the Maldives, a major tourism body here has announced that it will hold road shows across key Indian cities. As the number of Indian tourists to the Maldives continues to decline, the Maldives Association of Travel Agents and Tour Operators (MATATO) held discussions with India's High Commissioner here, Munu Mahawar, on enhancing travel and tourism cooperation between the two countries. A full-blown backlash was directed at the Maldives following derogatory remarks against India and Prime Minister Narendra Modi on social media by three Maldivian officials after Modi posted photos and video of the pristine Lakshadweep Islands on India's west coast on January 6 on his X handle. Scores of Indians, including multiple celebrities, cancelled their reservations and dropped plans to visit Maldives. The tourism arrival statistics reflected how from being a top visitor country, India's position went down to first fifth and now at the sixth ...
Maldivian Foreign Minister Moosa Zameer on Saturday said India's gesture to renew the quota to allow the export of certain quantities of essential commodities for his nation signifies the longstanding bilateral friendship and the commitment to further expand trade and commerce. India allowed the export of certain quantities of essential commodities for the year 2024-25 at the request of the Maldives government, the Indian High Commission said here on Friday. Announcing the move through a post on social media platform X, the Indian High Commissioner said that this was being done under a unique bilateral mechanism under which the quotas for each of these items have been revised upwards. The approved quantities are the highest since this arrangement came into effect in 1981, the notice by the mission said. Zameer took to X to thank India for the move. "I sincerely thank EAM @DrSJaishankar and the Government of #India for the renewal of the quota to enable #Maldives to import essentia