Tag: Silk Route

Chinese Embassy marks the Chinese New Year in Malé

The Chinese Embassy in Malé held a reception to mark the Chinese New Year in Dharubaaruge last night.

Speaking at the reception, Minister of Foreign Affairs Dunya Maumoon stated that relations between the Maldives and China have strengthened and “accelerated to unprecedented levels in the last year”.

Chinese President Xi Jinping’s visit to the Maldives in September of last year prompted talks that led to the the Maldives officially agreeing to participate in the Silk Road trade route and to engage upon free trade in the future.

Dunya noted that the relationship between the two countries was based on “sovereignty and territorial integrity; it is about non-interference in each other’s internal affairs; it is about peaceful co-existence; and most importantly, it is about cooperation for mutual benefit.”

Chinese Ambassador Wang Fukang stated while “high level exchanges have been frequent and fruitful” between the Maldives and China, “economic cooperation has been enhanced and expanded”, along with “people to people exchanges”.

Fukang pledged that the Chinese government will facilitate Maldivian fish products to be exported to China, will encourage more Chinese tourists to visit the Maldives, will provide more training and scholarship opportunities for Maldivians, will improve cooperation “in areas like technology, culture and wealth”, and will “enhance cooperation particularly on issues like climate change”.

Last night’s speeches were followed by cultural performances from both Maldivian and Chinese youth, including a song sung in Mandarin by a Maldivian performer.

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Maldives backs new Chinese investment bank, pursues free trade deal

The Maldives is to back a Chinese-initiated international finance institution to be called the Asian Infrastructure Investment Bank (AIIB) while ministers have confirmed a free trade agreement is being pursued.

At a press conference today, the economic council revealed that the Maldives had asked to be included as a founding member of the proposed bank alongside the existing 21 countries, which includes both China and India.

Minister of Fisheries and Agriculture Dr Mohamed Shainee also revealed that China was to become the Maldives first free trade partner, demonstrating the pair’s excellent bilateral relations.

The requests were put forward during a recent visit to China by the Economic Council where discussions were held on proceeding with Chinese-assisted projects, while the Maldives officially signed up to the Maritime Silk Road project.

The AIIB, which is to start up with a proposed US$100 billion capital, is purposed with financing infrastructure projects in the Asia Pacific region.

The bank has been described by some media outlets as having been set up with the intentions of increasing Chinese influence in Asia at the expense of the IMF, ADB, and the World Bank.

The economic council today confirmed that the Maldives has officially agreed to participate in China’s silk road trade route – the third country to do so, although Chinese state media has reported more than 50 states as expressing interest.

The two countries have also agreed to engage upon free trade in the future, explained the council.

“The biggest advantage of the free trade will go towards fishermen. With free trade and the 12 percent export duty will be gone, thus the 12 percent becomes profit for fishermen,” said Shainee.

When questioned about the potential economic disadvantages which might occur because of a free trade agreement, Minister at the President’s office Mohamed Shareef said that both governments will make sure that the agreement leads to a ‘win-win’ for the countries.

“I want to mention that the free trade talks were initiated by the Maldives,” said Shareef. “China is willing to give us a lot of leeway into how we structure the agreement.”

Shareef also said – citing Chinese sources – that the Maldives is the number one South Asian destination for Chinese tourists at the moment. Chinese tourists currently make up around one third of all tourist arrivals to the Maldives.

The economic council also stated that work on the proposed new terminal at Ibrahim Nasir International Airport (INIA) is to begin in the next six to seven months and that the request for the loan to finance the project has been submitted to the Chinese Exim bank.

The council members also reiterated the importance of the proposed Malé-Hulhulé Bridge, saying that there is good progress and that the government is aiming to open it by the year 2017.


Related to this story

Silk road deal to be concluded in China-Maldives economic committee

Chinese President Xi Jinping calls for Maldives involvement in 21st century maritime silk road

President Yameen slams “Western colonial powers,” declares foreign policy shift to East

Agreements on bridge and airport penned during Chinese president’s visit

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PPM responds to foreign minister silk route controversy

The Progressive Party of Maldives (PPM) has responded to the Maldives Democratic Party’s (MDP) criticism of foreign minister Dunya Maumoon’s remarks regarding India’s participation in China’s Maritime Silk Road initiative.

In a media statement released today, the PPM accused the opposition of twisting the story in order to harness attention from the international community.

The party also alleged that MDP is trying to divert attention from the party’s achievements during its third anniversary and from the one year anniversary of President Abdulla Yameen’s term.

MDP condemned Dunya for “intentionally” providing false information about the Chinese project when questioned by the parliament Maldives involvement in the project.

When asked about the potential impact of the scheme on India-Maldives relations, Dunya told the parliament last week that India had also discussed participating during the recent state visit of Chinese President Xi Jinpeng.

However, Indian Diplomats in Malé promptly refuted the claim, releasing a statement containing comments from the Indian External Affairs Ministry which denied such talks having taken place.

Meanwhile, the Ministry of Foreign Affairs released a statement today seeking to clarify any confusion caused by these remarks, saying that Dunya had “noted her concern if her choice of words had led to any confusion”.

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