UK Abolishes Tuna Tariffs to Boost Maldivian Fisheries and Export Revenue

The Maldives has secured a significant economic advantage for its fisheries sector after the United Kingdom abolished tariffs on Maldivian tuna products. The People’s National Congress (PNC) announced that the tariff elimination, which took effect on May 20, is a direct result of President Dr. Mohamed Muizzu's diplomatic engagements during bilateral discussions in London. During his visit to the UK, President Muizzu met with the British monarch and senior government officials, making the removal of these levies a primary request. As the UK is a major destination for Maldivian fish exports, this regulatory shift is expected to drive a surge in export volumes, expand production capacity, and increase overall revenue for the industry. The ruling party described the move as a breakthrough for local fishermen and commercial enterprises, noting that revitalizing the fisheries sector has been a cornerstone of the administration's priority since its inception. According to the PNC, the government is focused on securing fair pricing for catches while aggressively pursuing entry into new international markets to diversify the economy. Beyond trade agreements, the administration has introduced several structural reforms to support the industry. A new payment system now guarantees that fishermen receive payment within 48 hours of landing their catch at state-owned processing facilities. Additionally, the government has introduced provisions for affordable fuel and provided financial assistance to help vessel owners install refrigerated seawater systems, ensuring higher product quality. To sustain this growth, the government has launched comprehensive industry development projects and established a dedicated state enterprise. This entity is specifically designed to promote Maldivian fisheries on the global stage, aiming to transform the sector from a traditional industry into a competitive global player.