Brief by Shorts91 Newsdesk / 12:52pm on 19 Mar 2025,Wednesday International
Former Maldives President Mohamed Nasheed criticized the Free Trade Agreement (FTA) with China, highlighting its lack of benefits for the Maldives due to limited exports to China. The deal, which went into effect in January 2025, exacerbates the country’s fiscal challenges by reducing government revenue from import duties. Nasheed expressed hope that India would assist in averting a potential debt default. He emphasized that the Maldives' prosperity relies on strong ties with India, calling for renewed cooperation amidst the island nation’s growing debt crisis.
