United States Signs Trade and Investment Agreement with the Maldives
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| TIFA signing with (R-L seated) Deputy |
| Chief of Mission Valerie Fowler, Assistant |
| United States Trade Representative for |
| South and Central Asia Michael Delaney |
| and Minister of Economic Development |
| Mohamed Rasheed |
Male, the Maldives - The United States has signed a Trade and Investment Framework Agreement (TIFA) in Male providing a forum for the Maldives and the United States to examine ways to enhance bilateral trade and investment.
U.S. goods exports to Maldives in 2008 were $20 million, an increase of 5% from 2007. U.S. exports to the Maldives consist largely of chemicals, storage devices, aircraft parts and floor coverings. U.S. goods imports from the Maldives in 2008 were $4 million, consisting primarily of fish and organic chemicals.
The TIFA, signed by Assistant United States Trade Representative for South and Central Asia Michael Delaney and Maldives Minister for Economic Development Mohamed Rasheed, will establish a regular United States-Maldives Council in which high level officials from each country will meet to address a wide range of trade and investment issues including market access, intellectual property, labor, and the environment. (more)