Chief Spokesperson at the President's Office, Heena Waleed, stated that the implementation of the Free Trade Agreement (FTA) between the Maldives and China will facilitate increased benefits for businesses and the general public. She made these remarks during a press conference held at the President's Office this evening. The Minister of Dhivehi Language, Culture and Heritage, Adam Naseer Ibrahim also joined the press conference.
Heena Waleed highlighted that the Maldives and China already engage in bilateral trade amounting to approximately over USD 700 million. She further emphasized that the implementation of the Free Trade Agreement between the two nations would offer additional advantages, including facilitating current account transactions using the currencies of both countries, encouraging direct investments, easing travel for Maldivians, and improving access to goods and services. A key benefit will be the ability to conduct transactions using the Maldivian Rufiyaa (MVR). She also noted that the agreement's implementation would lessen the reliance on the USD for transportation and business-related transactions.
During the press conference, Minister Adam Naseer Ibrahim delivered a comprehensive report on the Ministry's achievements thus far and ongoing initiatives. In his remarks, the Minister underscored the latest advancements in the development of site museums nationwide, efforts to foster patriotism, and the continuous work aimed at reviving and preserving the country’s heritage.
At the press conference, the Chief Spokesperson and the Minister answered queries from the media.
