Maldives and China Sign Five Business Agreements at Investment Forum

The Maldives and China have exchanged five agreements covering basic food imports and other business sectors, signed during the China Maldives Investment Forum held under the Maldives Business Expo. The agreements were signed in the presence of Minister of Economic Development and Trade Mohamed Saeed and Chinese Ambassador to the Maldives Kong Xinghua. The signed agreements include a cooperation pact between the Ministry of Economic Development and Trade and China’s Sunyan Municipal Bureau of Commerce and Investment Promotion Bureau; a research and training agreement between the National University of the Maldives and China Haber Engineering Company to establish an agricultural demonstration center; a fish export agreement between MIFCO and Sinochem Hainan Development Company; an agreement between State Trading Organization (STO) and Sinochem Hainan Development Corporation to assist in importing basic foods and general goods; and a fish product export agreement between Horizon Fisheries and Sinochem Hainan Development Company. Officials said the agreements will facilitate additional business opportunities for the Maldives and open pathways to further opportunities through bilateral ties. China plays a significant role in the Maldives' tourism sector, green and blue economy initiatives, and development projects.