stone coated metal roof-Maldives building· material Market Overview

Main economic indicators

Table: major economic indicators (Maldives)

Maldives is a small island in India ocean, the distance about 1000 kilometers southwest of Sri Lanka, consisting of more than a thousand islands, of which about 200 are inhabited. Maldives is a middle-income country, economic growth depends on tourism and fisheries, population is not large, about 70% of them engaged in fishing. Maldives became independent from the British in 1968 and became a republic in 1965.

Maldives has a unique natural environment, tourism accounted for about 1/3 of gross domestic product (GDP), the national employment population of 20%. To develop a diversified economy,

Maldives joined the WTO in 1995 and is a member of the South Asian Free Trade Agreement (SAFTA), with an average tariff rate of about 20%.

Maldives is Chinese "The Belt and Road" initiative in the maritime Silk Road, one of the countries along the way. At the end of 2014, China - Maldives economic and Trade Commission for the first time meeting, the purpose is to deepen bilateral trade, investment and tourism cooperation. September 2015, the two sides signed a memorandum of understanding, the negotiations on the free trade agreement. If the negotiation is successful, it will be the first bilateral free trade agreement in Maldives.

 

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