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Maldives Signs First Bilateral Free Trade Deal, With China

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

13 December 2017


China and the Maldives signed a free trade agreement (FTA) on December 7, having concluded negotiations towards the deal in September.

The FTA will exempt almost 96 percent of bilateral trade flows from tariffs, including the majority of China's industrial and agricultural exports to the Maldives.

Both territories will open up their services markets and offer investors 'most-favored-nation' treatment under World Trade Organization rules.

The FTA also includes chapters on rules of origin, customs procedures, trade facilitation, trade remedy procedures, and technical barriers to trade, among other things.

The agreement is the Maldives' first bilateral free trade agreement.

TAGS: tax | free trade agreement (FTA) | Maldives | export duty | law | tariffs | China | import duty | trade | services

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