Speaker of the Parliament and Former President Mohamed Nasheed has said that the Parliament must determine the fate of the “inactive” Free Trade Agreement (FTA) between Maldives and China.
The Free Trade Agreement was signed between Maldives and China in 2017, after months of negotiations between the two countries.
Ever since the signing of the agreement, MDP has kept a stance that the agreement is more harmful than beneficial to the Maldives economy.
Speaking at today’s sitting of the parliament, Speaker Mohamed Nasheed said that nothing which was to be done under the agreement has been achieved so far, thus it could be deemed as an inactive agreement. He said that due to this, it is important that the parliament determines the fate of the China-Maldives FTA.
A motion regarding the FTA was put in the agenda of today’s seating. However, the motion which was supposed to be present by MP Ali Azim was not presented.
During a press conference held last year during Nasheed’s official visit to India, he informed to the media that parliament would consider disbanding the Maldives-China FTA.