Maldives Ports Limited (MPL) reports it will be slicing export container fees.
A recent statement from the authority confirmed;
- 20 ft container: MVR 1,132 (previously at MVR 4,419)
- 40 ft container: MVR 2,264 (previously at MVR 8,767)
With the announced changes, exporters stand to save up to 75% of exporting costs.
MPL’s board of directors decided to encourage local exporters and increase export commodities. The decision also aims to boost the productivity of export businesses.
“We will continue to collaborate closely with industry leaders to support economic growth and trade in our primary sectors,” said MPL via Twitter.
Meanwhile, the commercial harbor operator had brought local fish exporters up to speed on the favorable changes. MPL Chief Executive Officer Shahid Ali had met with local exporters to discuss difficulties they faced and seek solutions.