Minister of Economic Development and Trade Mohamed Saeed has characterised talks with the UK government as “the most successful efforts” by any Maldivian administration to develop bilateral trade and economic ties with the nation to date. Saeed arrived in the UK on the 14th of this month for a meeting on Commonwealth Trade and Investment.

Commenting on the success of the visit during an interview with the state broadcaster PSM, the minister expressed his appreciation for the opportunity to consult with with the UK, known for its mature and robust financial sector, for input on the development of Maldives’ financial sector as well as the establishment of the Development Bank.

During his visit, the minister held round table discussions with the finance sector professionals in London as well as the British Trade Minister and the Chief Minister for Investment.

“I would say the most successful trade development and economic growth initiative any government has ever participated in with the UK. At the same time, a free trade agreement with the UK government is already underway and Maldives will get its full benefit,” the minister said.

The Free Trade Agreement (FTA), according to the minister, will ensure that all fishermen can export fish from without additional fees and that fishermen and fish exporters will not face undue restrictions.