Bloomberg
The Maldives is reportedly planning to pull out of a free trade agreement with China as the island nation moves closer to India and the West after Ibrahim Mohamed Solih won the presidency in a September election.
The trade imbalance between China and the Maldives is “so huge that nobody would think of a free trade agreement between such parties,†Reuters cited Mohamed Nasheed, a former president and now an adviser to Solih, as saying.
He separately told the BBC that the trade deal was “very one-sided†and that Chinese investments would be reviewed.
Former president Abdulla Yameen had signed the free trade agreement with China in Beijing in December last year.
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
