News
India has announced the export of essential commodities to the Maldives under the bilateral trade agreement for 2025–26, ensuring a steady supply of key food staples and construction materials desp...
Mohamed Hilmy
03 April 2025, 00:00
India has
announced the export of essential commodities to the Maldives under the
bilateral trade agreement for 2025–26, ensuring a steady supply of key food
staples and construction materials despite broader export restrictions.
The Directorate
General of Foreign Trade (DGFT) issued the notification this week, permitting
the export of eggs, potatoes, onions, rice, wheat flour, sugar, dal, stone
aggregate, and river sand. These exports remain exempt from prohibitions or
restrictions during the period.
The specified
quotas include 448.91 million eggs, 130,429 metric tonnes of rice, 114,621
metric tonnes of wheat flour, and 1.3 million metric tonnes each of stone
aggregate and river sand. Exports will be processed through six designated
Indian ports.
River sand and
stone aggregate are crucial for the Maldives’ construction sector, which relies
on imports due to limited natural resources. CAPEXIL will oversee environmental
clearances, and mining in coastal regulation zones remains prohibited.
The trade
arrangement falls under the 1981 bilateral agreement, reflecting India’s
continued commitment to supporting the Maldives. Bilateral trade reached USD
978.53 million in 2023–24, slightly up from the previous year.
No comments yet. Be the first to comment!
Features
Non-tax revenue base shifts toward tourism assets as SOE dividends and one-off fees retreat
30 May 2026
International
UN Trade Chief Warns of Fragile Global Economy as Geopolitical Risks Displace Trade Disputes
30 May 2026
International
India Plans to Move Toward Polymer Banknotes as Printing Costs Climb
29 May 2026
News
Living Beyond Your Means is Forbidden: Friday Sermon Warns Against Debt and Extravagance
29 May 2026