Doing Business in the Maldives (Course, Master)

Syllabus of the Online Course (Subject): Foreign Trade and Business in the Maldives. Male.

1. Introduction to the Republic of Maldives (Asia)
2. Maldivian Economy
3. Foreign Trade of the Maldives
4. Foreign Direct Investment (FDI) in the Maldives
5. Business Opportunities in the Maldives
   1. Tourism sector
   2. Fishing sector
6. Case Study: Villa Shipping and Trading Company. Mr Qasim Ibrahim
7. Access to the Maldivian Market
8. Business Plan for the Maldives

The objectives of the Online Course / Subject “Foreign Trade and Business in the Republic of Maldives” are the following:

1. To analyse the Maldivian economy and foreign trade
2. To know the business opportunities in the Republic of Maldives
3. To explore the Maldivian trade relations with the student's country
4. To know Maldivian Free Trade Agreements
5. To examine the profile of Maldivian Companies
6. To develop a business plan for the Maldivian Market

Example of the Online Course - Doing Business in the Maldives:

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Description of the Online Course: Doing Business in the Maldives.

The Republic of Maldives.

Tourism and fishing sector: 40% of the Maldivian GDP

1. Maldivian Population: 350,000.
2. 79% under thirty-five years of age
3. Literacy rate: 98%
4. Maldivian capital: Male
5. Maldivian official language: Dhivehi (Thaana Script), the majority of the Maldivians speaks English
6. More than 1,190 Islands
7. Tropical climate
8. Maldivian Independence: 1968 (United Kingdom)
9. Sunni Islam is the official religion
10. Neighbouring countries (by Sea): India, Sri Lanka, Indonesia, and the Seychelles

The Maldives belongs to Central Eurasian Economic Area (Islamic Civilisation).

Maldivian Economy.

1. The Maldivian GDP growth of 7% last twenty years
2. The main economic sectors are tourism and fishing (40% of GDP)
3. Total imports: 60% of Maldivian GDP
4. Maldivian Petroleum: 31% of total imports
5. Maldivian Currency: Rufiyaa
6. Special Economic Zones
7. Recent investments (FDI): Hilton, Four Seasons, Club Med, KPMG, and Price Waterhouse
8. The largest port: Male. Future Port of Thilafushi
9. The Maldives has not mineral resources
10. Risk of natural disasters
11. Effects of the Asian tsunami (2004): near 62% of GDP

International Trade of the Maldives.

1. Maldivian merchandise exports (% of GDP): 23%
2. Maldivian Merchandise imports (% of GDP): 23.6%
3. Service exports (% of GDP): 4.4%
4. Service imports (% of GDP): 1.4%
5. Maldivian FDI Inflows (% of GDP): 1.3%
6. Top Maldivian Export Markets: China, Russia, Kazakhstan, Turkey, and Bangladesh
7. Top Maldivian import suppliers: China, Russia, South Korea, Kazakhstan, Germany, and Turkey

The Maldives has preferential access (Free Trade Agreements)...

1. Free Trade Agreement (FTA) with India
2. South Asian Association for Regional Cooperation (SAARC)
3. South Asia Subregional Economic Cooperation (SASEC)
4. Asian Clearing Union (ACU)

The Maldives is a member of...

1. Organisation of Islamic Cooperation (OIC)
2. Islamic Development Bank
3. World Customs Organisation
4. Economic and Social Commission for Asia and the Pacific (ESCAP)
5. Asian Development Bank (ADB)
6. Boao Forum for Asia
7. Maldives-Middle East (AMED)
8. Africa-Asia Strategic Partnership (NAASP)

(c) EENI Business School & HA University