Economic Minister Saeed have said that the free trade agreement with China will develop the stock market of Maldives.
Speaking on TVM he said that many countries try to increase their exports to develop the economy. He said that hence the FTA will allow Maldives to increase the export.
Minister said that this agreement will reduce revenues from import duties, but it can be covered by increasing trade and this agreement will allow Maldives to do that.
In addition he said that this agreement will allow foreign banks to come to Maldives and also Maldivian banks can get capital. He said that when banks develop, the whole country will benefit from it.
Furthermore the minister said that, people who want to start new businesses will also benefit from this deal and many can get loans at low interest rates.
Maldivian stock market will develop as a result of the FTA with China : Economic Minister
