International Development News
Development News Edition

China hopes Maldives' new government will stick to FTA, support investment

China hopes Maldives' new government will stick to FTA, support investment
The MDP was critical of increased Chinese investment and the FTA which was rushed through the country's Parliament without debate last year.

A wary China on Tuesday hoped the Maldives' new government will provide an "enabling environment" to the Chinese companies and stick to the controversial Free Trade Agreement (FTA) Beijing signed with the now ousted President Abdulla Yameen.

China congratulated the Maldives for holding successful elections in which Ibrahim Mohamed Solih of the Maldivian Democratic Party (MDP) defeated incumbent Yameen, perceived to be close to Beijing.

The MDP was critical of increased Chinese investment and the FTA which was rushed through the country's Parliament without debate last year.

"China congratulates the Maldives on its successful Presidential election and as well as Solih's victory. We respect Maldives people's choice and we hope the country can maintain stability and development," Foreign Ministry spokesperson Geng Shuang said

"As to the FTA, signed between Chin and the Maldives, we believe we have always encouraged the Chinese to invest and operate in accordance with the market-based rules and the regulations.

"And we hope the Maldives will maintain consistency and stability of their policy and create an enabling environment and atmosphere for the Chinese operation there," Geng added.

"China and Maldives signed an FTA and it came into force from August 1. China will work with the Maldives to ensure the sound implementation of FTA and expand trade and investment cooperation between both the sides for the greater benefit and development of people of both the nations," Geng said.

Geng was responding to a question on whether China was worried over the election of the new government which might renegotiate deals signed by Yameen's government.

The Maldives sits on one the world's busiest shipping lanes in the Indian Ocean where both India and China vie for influence.

The Maldives has always been a traditional ally of India. But under Yameen's presidency, the country moved closer to China, worrying New Delhi.

China, which didn't even have an embassy in Male until 2011, has stepped up its engagement in the country by building bridges, airport, and high-end housing complexes.

Yameen also approved China's Belt and Road project, which India does not support.

Maldives former President Mohammad Nasheed, a fierce critic of China and Yameen and living in exile, has already said the victory of the opposition party means resetting ties with India.



How music can help expectant mothers during pregnancy

Music provides pleasant ambience for all but its more important for expectant mothers as besides ensuring pleasant environment for them it also directly and indirectly influences the unborn babies. There are various scientific findings to c...

EdTech: A technical approach to flexible and cost-effective education

Its hight time for the world to go for innovative approaches like e-learning over traditional learning methods that need physical infrastructure, long-term planning, and huge investment. ...

Our school campaigns are our strongest ally: Joaquin Antuna, founder of Peace and Cooperation

Joaquin Antuna is the founder of Peace and Cooperation, a Spanish NGO which was nominated as peace messenger by the United Nations in 1986. Antuna is of very firm opinion that in order to have an incisive impact on the community we live in,...

'No escape from telephones', this 1953 prediction actually comes true

In 1953, a telephone company chief predicted that therell be no escape from telephones in the future....


Latest News

UPDATE 2-Convicted ex-PM Sharif leaves Pakistan for medical treatment in London

Former prime minister Nawaz Sharif left Pakistan on Tuesday in an air ambulance to seek medical treatment in London, his party said, a month after the three-time premier was released on bail from a seven-year prison sentence for corruption....

GLOBAL MARKETS-Shares scale 22-month peak as focus turns to growth

World shares touched their highest in nearly two years on Tuesday on predictions of future growth and bets the United States and China can end their damaging trade war. The worlds two largest economies are in talks on an initial deal to end...

UPDATE 1-Kuwait's foreign minister named new PM amid government feud

Kuwaits ruler on Tuesday named Sheikh Sabah Al-Khalid al-Sabah as prime minister, elevating him from his role as foreign minister after a row between ruling family members and parliament in the Gulf state led the last government to quit.Emi...

UPDATE 1-Soccer-Luis Enrique returns as Spain coach in place of Moreno

Luis Enrique has been reappointed Spain coach, having resigned from the role in June as his late daughter battled cancer, Spanish Football Federation RFEF president Luis Rubiales said on Tuesday. Rubiales said Robert Moreno, the former assi...

Give Feedback