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China, Maldives Agree Free Trade Agreement

by Mary Swire, Tax-News.com, Hong Kong

19 September 2017


China and the Maldives have completed negotiations towards a free trade deal, it was announced after the fifth round of negotiations on September 16.

The Chinese Minister of Commerce, Zhong Shan, and Maldives' Minister of Economic Department, Mohamed Saeed, signed a memorandum of understanding in Beijing at the end of that meeting, confirming that they would now move to sign the deal.

The FTA is expected to exempt over 95 percent of bilateral trade flows from tariffs, while enhancing cooperation in areas including finance, medicine, tourism, and fishing.

TAGS: Pakistan | Maldives | Sri Lanka | tariffs | China | trade

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