Trade and Business in the Maldives

The objectives of the subject “Foreign Trade and Business in the Republic of Maldives” are the following:

1. To analyze the Maldivian Economy and International Trade;
2. To know the business opportunities in the Republic of Maldives;
3. To explore the Maldivian trade relations with the country of the student;
4. To know the Maldivian Free Trade Agreements;
5. To examine the profile of Maldivian Companies;
6. To develop a business plan for the Maldivian Market.

The Subject “Foreign Trade and Business in the Maldives” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Masters (MIB): International Business, Foreign Trade.

Doctorate (DIB): Islamic Business, Asian Business, World Trade.

Learning materials in Maldivas Maldives.

Credits of the subject “Foreign Trade and Business in the Maldives”: 1

Maldivian Preferential Access and Free Trade Agreements:

1. The Maldives and the Central Eurasian Economic Area;
2. South Asian Association for Regional Cooperation (SAARC);
3. South Asia Subregional Economic Cooperation (SASEC);
4. Asian Clearing Union (ACU);
5. Free Trade Agreement (FTA) with India;
6. Islamic Trade Preferential System (TPS-OIC);
7. Islamic Centre for Development of Trade (ICDT);
8. Indian-Ocean Rim Association (IORA).

Trade Facilitation Programs.

1. World Trade Organization (WTO)
   1. WTO General Agreement on Trade in Services (GATS);
   2. WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS);
   3. WTO Agreement on Technical Barriers to Trade (TBT);
   4. WTO Agreement on Preshipment Inspection (PSI);
   5. WTO Agreement on Safeguards (SG);
   6. WTO Trade Facilitation Agreement (TFA).
2. World Customs Organization (WCO)
   1. Revised Kyoto Convention (RKC).
3. International Maritime Organization (IMO)
   1. Customs Convention on Containers (CCC, UN) - not a member;
   2. Convention Relating to Temporary Admission (Istanbul Convention) - not a member.

Sample:

Islamic Organizations:

1. Islamic Development Bank (IsDB);
2. Organization of Islamic Cooperation (OIC)
   1. Standing Committee for Economic and Commercial Cooperation of the Organization of Islamic Cooperation (COMCEC);
   2. Islamic Chamber of Commerce and Industry (ICCI);
   3. Islamic Centre for Development of Trade (ICDT);
   4. Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC).
   ;
3. Asia-Middle East Dialogue (AMED).

Asian Trade and Economic Organizations:

1. Boao Forum for Asia;
2. Colombo Plan;
3. Africa-Asia Strategic Partnership;
4. Asia Cooperation Dialogue (ACD);
5. Economic and Social Commission for Asia and the Pacific (ESCAP);
6. Asian Development Bank (ADB).

Global Organizations:

1. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD);
   2. International Trade Centre (INTRACEN);
   3. World Intellectual Property Organization (WIPO).
2. World Bank (WB);
3. World Trade Organization (WTO);
4. International Monetary Fund (IMF).

The Republic of Maldives.

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. Neighboring countries (by Sea): India, Sri Lanka, Indonesia, and the Seychelles.

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

Maldivian Economy.

1. The Maldivian GDP growth of 7% last twenty years;
2. The main economic sectors are tourism and fishing (40% of the GDP);
3. Total imports: 60% of the Maldivian GDP;
4. Maldivian Petroleum: 31% of the 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 in the Maldives: 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 the GDP.

International Trade of the Maldives.

1. Maldivian merchandise exports (% of the GDP): 23%;
2. Maldivian Merchandise imports (% of the GDP): 23.6%;
3. Service exports (% of the GDP): 4.4%;
4. Service imports (% of the GDP): 1.4%;
5. Maldivian FDI Inflows (% of the 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.

(c) EENI Global Business School (1995-2022)
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