Maldives President Muizzu thanks India for economic support, affirms hope of signing FTA
India for its support of the island nation in easing its debt repayment and affirmed hope that New Delhi and Male would forge stronger ties and sign a free trade agreement.
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Muizzu was addressing the official Independence Day function in the Maldives on Friday. During his address, he commended the administration's foreign policy, celebrating eight months of 'diplomatic success,' according to the Maldives President Office.
President Muizzu expressed gratitude to India and China for their support in easing the Maldives' debt repayment, thereby enabling the country to ensure economic sovereignty.
Emphasising the need to alleviate the local shortages of US dollars, he said that the Maldives government is negotiating currency swap agreements with both New Delhi and Beijing.
The Maldives President also announced that his administration is negotiating a Free Trade Agreement (FTA) with the United Kingdom and expressed hope to reach a similar agreement with India.
Notably, the Mohamed Muizzu government in the Maldives took a reconciliatory tone after ties between the two nations soured, leading to a diplomatic row.
Last month, President Muizzu also attended the oath ceremony of Prime Minister Narendra Modi, after he took office for the third consecutive term.
Earlier this year, Muizzu sought debt relief measures in the repayment of the hefty loans taken
