India and Maldives hold talks to enhance bilateral trade cooperation

MALE : India on Wednesday said it looked forward to strengthening bilateral economic cooperation with the Maldives as its envoy held discussions with a senior minister of the archipelagic nation.

Mohamed Saeed, Maldives’ Minister of Economic Development and Trade, met with Munu Mahawar, Indian High Commissioner to the archipelago nation on Tuesday.

The meeting comes weeks after India allowed the export of certain quantities of essential commodities for the year 2024-25 at the request of the Maldivian government and ahead of the May 10 deadline imposed by President Mohamed Muizzu for the complete repatriation of 88 Indian military personnel from his country.

Minister Saeed met with Indian High Commissioner to Maldives, H. E. Munu Mahawar, and discussed potential areas for trade & economic cooperation. @HCIMaldives, posted Maldives’ Ministry of Economic Development and Trade from its official X handle along with photos of the meeting.

Soon after, the Indian High Commission responded: We look forward to continued engagements with @MoEDmv for further enhancing India-Maldives economic cooperation.

Earlier on April 5, displaying a strong commitment to supporting the human-centric development in the archipelagic nation, India said the request to allow export of certain quantities of essential commodities for the year 2024-25 was being done under a unique bilateral mechanism under which the quotas for each of these items have been revised upwards.

There was also an increase of 5 per cent in the quotas for eggs, potatoes, onions, sugar, rice, wheat flour and dal (pulses) and the approved quantities were the highest since this arrangement came into effect in 1981.

The 1981 India and Maldives trade agreement provides for the export of essential commodities. According to the records from the Indian High Commission, growing from modest beginnings, India-Maldives bilateral trade crossed the $300 million mark for the first time in 2021, which further crossed the $500 million mark in 2022