Maldives and Yunnan sign agreement to boost bilateral trade

An agreement to boost trade between the Maldives Chamber of Commerce and the Yunnan Provincial Federation of Industry and Commerce has been signed. On behalf of the Maldives, the agreement was signed by Ahmed Amjad, President of the Maldives Chamber of Commerce, and Pan Hongwei, Executive Vice Chairman of the Yunnan Provincial Federation of Industry and Commerce. Maldives Chamber of Commerce President Ahmed Amjad stated that this agreement is an important advancement in further strengthening the business ties between the Maldives and China. He said that this is not merely an agreement between two chambers, but an important opportunity to strengthen ties between the businessmen of the two countries, expand business, encourage investments, and create new opportunities. Amjad stated that there are convenient opportunities to invest in the Maldives' tourism, fisheries, agriculture, renewable energy, construction sector, real estate, logistics and digital technology sectors. Amjad also stated that Chinese businesses can play an important role in developing these sectors through investments, new products, joint ventures and business partnerships. "With the help of these connections, it has been planned to organize business delegation trips, B2B meetings, business exhibitions, investment forums, as well as information and skill exchange programs. This will benefit our own businesses," Amjad said. Noting that working with the Yunnan Provincial General Chamber of Commerce, efforts will be made to provide Chinese experience to Maldives' small and medium-sized businesses and to train them in business training, modern technology and successful business practices. Executive Vice Chairman of the Yunnan Provincial Federation of Industry and Commerce Pan Hongwei stated that the aim is to start projects under this agreement that would practically benefit the businesses of both countries. He highlighted that due to the trust and close relationship between the two parties, economic growth and prosperity will be facilitated. It is noted from the Maldives Chamber of Commerce that this agreement will provide convenient opportunities for Maldivian businesses, especially small businesses.