Ministry of Foreign Affairs has revealed that the United States is set to resume trade discussions with the Maldives on the Trade and Investment Framework Agreement (TIFA).
In a statement released after a meeting between Minister of Foreign Affairs, Mr Abdulla Shahid and Assistant US Trade Representative for Trade and Policy, Mr Ed Gresser, the Ministry noted that the discussions will resume in May.
TIFA was signed between the US and Maldives in 2009 and aims to expand trade and investment between the two countries, reduce trade barriers, protecting Intellectual Property Rights and worker’s rights.
During their meeting, discussions were centred around ways to expand trade cooperation between the Maldives and the US, including ways to further attract foreign direct investment from the US and increase access of Maldives Fisheries exports to the US markets.
Minister Shahid was accompanied by the Minister of State for Foreign Affairs, Ahmed Khaleel, Ambassador of the Maldives to the United States of America, Ali Naseer Mohamed, and Director at the Ministry of Foreign Affairs Ms Shiuneen Rasheed.
The Minister’s visit to the US also saw the state department announcing intent of providing USD 9.75 million to the Maldives as additional assistance.