June 11, 2024, 07:02 AM - 3 mins read
Upon returning from the trip, Muizzu remarked that the visit was a "success" not just for the Maldives but for the region as well, and hoped for increased prosperity for Maldivians.
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May 25, 2024, 07:12 PM - 3 mins read
India is pursuing a Free Trade Agreement (FTA) with the Maldives, aiming to enhance trade relations. Efforts for the FTA come amid a diplomatic spat since President Muizzu's pro-China stance. Despite historical trade agreements, including an FTA with China, the Maldives is exploring closer ties with India.
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May 23, 2024, 08:10 AM - 2 mins read
Amid turbulent bilateral ties, the Maldives will soon launch India’s RuPay service, which Economic Development Minister Mohamed Saeed said will "bolster the Maldivian Rufiyaa." Saeed also announced that both India and China have agreed to use local currencies in bilateral trade.
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May 13, 2024, 06:37 AM - 2 mins read
Moosa conveyed his appreciation to EAM @DrSJaishankar and the Indian government for extending crucial financial assistance to the Maldives by rolling over a USD 50 million Treasury Bill. He emphasized that this gesture highlighted the enduring friendship between Maldives and India.
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April 22, 2024, 09:53 AM - 5 mins read
The election results are being viewed as fertile ground that will further jeopardise the island nation's diplomatic tensions with India and its gravitation towards China. It’s been an election that is crucial for not just the ruling President Muizzu, who has made his pro-Beijing stand quite clear since coming to power last September, but also other key players in the Indian Ocean.
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April 12, 2024, 01:52 AM - 2 mins read
The announcement comes on the heels of India's decision in July 2023 to permit the Maldives, along with 21 other nations, to open Special Rupee Vostro Accounts (SRVAs). This measure was aimed at promoting bilateral trade in local currencies and facilitating payments for goods imported from India in Maldivian Rufiyaa.
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April 6, 2024, 02:29 AM - 3 mins read
In response to the expression of gratitude from Maldivian minister Moosa Zameer towards India for renewing the quota to import essential commodities for the fiscal years 2024-2025, Union Minister S Jaishankar reiterated India's steadfast commitment to its policies of 'neighbourhood first' and SAGAR.
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April 5, 2024, 10:54 PM - 2 mins read
This development comes against the backdrop of strained relations between India and the Maldives since November of the previous year. The tensions escalated following demands by Maldivian President Mohamed Muizzu, known for his pro-China stance, for the repatriation of Indian military personnel.
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April 5, 2024, 07:47 AM - 2 mins read
The move, announced by the Directorate General of Foreign Trade (DGFT), allows for the export of items including eggs, potatoes, onions, rice, wheat flour, sugar, and dal under the bilateral trade agreement between the two countries.
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April 5, 2024, 06:19 AM - 1 min read
The Directorate General of Foreign Trade (DGFT) in a notification said these exports have been permitted to Maldives under bilateral trade agreement between the countries during 2024-25.
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March 24, 2024, 07:38 PM - 2 mins read
Solih underlined the importance of dialogue and cooperation with neighbouring countries to alleviate the financial burden, urging the current administration to abandon its aggressive approach.
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March 22, 2024, 06:43 AM - 6 mins read
Ever since he took oath as the president in November last year, the pro-China Maldivian leader has pursued a hardline stand towards India and within hours had demanded that Indian military personnel operating three aviation platforms be repatriated from his country by May 10.
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