Agreements to help ensure the security of essential food supplies
Plans agreed for an agricultural training and demonstration centre
Agreements expected to create further business opportunities
The Maldives and China have signed five agreements covering the import of essential food items and other areas of business cooperation. The agreements include arrangements between government institutions and private companies.
The agreements were signed at the China–Maldives Investment Cooperation Forum, held alongside the Maldives Business Expo.
The ceremony was attended by Minister of Economic Development and Trade Mohamed Saeed and Chinese Ambassador to the Maldives Kong Xinhua.
Details of the five agreements
1. Economic cooperation: An agreement was established between the Ministry of Economic Development and Trade, Sanya Municipal Bureau of Commerce and the Sanya Investment Promotion Bureau to strengthen cooperation and provide support for economic activities.
2. Agricultural development: The Maldives National University and China Harbour Engineering Company signed an agreement to establish an agricultural demonstration centre focused on research, innovation and training.
3. Export of frozen fish: An agreement was reached between the Maldives Industrial Fisheries Company (MIFCO) and China’s Sinomach Hainan Development Company for the export of frozen fish.
4. Import of essential goods: State Trading Organization (STO) signed an agreement with Sinomach Hainan Development Corporation to facilitate the import of essential food items and other general goods, with support to streamline the process.
5. Export of fish products: Horizon Fisheries entered into an agreement with Sinomach Hainan Development Company to export fish products.
The agreements are expected to expand business opportunities for the Maldives, benefit the national economy and create further avenues for cooperation through the close relations between the two countries.
China continues to play a significant role in the Maldives’ fisheries sector, green and blue economy initiatives, and infrastructure development.
