China and the Maldives signed 12 documents, including a free trade agreement, to boost cooperation in such areas as economy, health, infrastructure and finance on Thursday [7 December 2017]. The agreements and memorandums of understandings were signed as President Xi Jinping and visiting Maldives President Abdulla Yameen witnessed while at the Great Hall of the People in Beijing…Full Article: Dec 2017

Key Point

  • In addition to the FTA, the Maldives will increase its participation in China’s Belt and Road Initiative.

ChinaAg Comments

  • In December 2015, Alibaba’s Taobao sold an island in the Maldives for CNY 5.76 million yuan (USD 892,000).
  • In April 2014, China and the Maldives signed an agreement on agricultural and research cooperation. Under the terms of the agreement, China allocated CNY 1 million (US$ 160,000) to the Maldives.

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