AGP Executive Report
Last update: 7 hours agoMaldives–India Trade: Maldives and India have kicked off formal Free Trade Agreement talks, with the first round held this week and both sides aiming to conclude soon, potentially bringing preferential access for Maldivian exporters. Digital Economy: The Maldives launched Creatoll, a national digital marketplace for local photographers, filmmakers and other creative professionals to sell content directly to international buyers with verified profiles and creator-controlled pricing. Payments Push: Economic Development and Trade Minister Mohamed Saeed says PayPal is already operating in the Maldives, with 3,280 linked businesses and 2,159 activated wallets, and more services expected soon. Blue Economy Research: A new study estimates manta ray watching contributes over US$311m annually to the Maldivian economy and could generate about US$8.6bn in lifetime tourism revenue. Tourism Policy & Markets: NITI Aayog urges India to open visa access wider (only five nationalities currently get visa-free), arguing tighter rules are holding back inbound tourism. Regional Business Links: Maritimo appointed KJM Marine as its exclusive dealer across the GCC and parts of the Middle East/Indian Ocean, including the Maldives. Fuel Cost Spillover: India cut domestic ATF prices by ₹5/litre to about ₹110/litre from July 1, alongside revised export duties that now exempt Mauritius and the Maldives.
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