An agreement has been signed between the government of Maldives and Turkey, on trade and economic cooperation.

The agreement was signed as part of a recent official visit by Mevlüt Çavuşoğlu, the Minister of Foreign Affairs of the Republic of Türkiye on the invitation of the Maldives Minister of Foreign Affairs and President of the 76th Session of the United Nations General Assembly (UNGA) Abdulla Shahid.

As such, the Agreement on Trade and Economic Cooperation between the Government of the Republic of Maldives and the Government of the Republic of Türkiye was signed during a ceremony held at the Ministry of Foreign Affairs on Sunday.

Fayyaz Ismail, the Minister of Economic Development signed the agreement on behalf of the Maldivian government, with the Foreign Minister of Turkey signing on behalf of the Turkish government.

With the signing of the agreement, the economic cooperation between Maldives and Turkey is expected to be further solidified,

Under the agreement, efforts will be undertaken to host exhibitions and expos to boost people-to-people contact and ties between business owners of the two countries, which will in turn pave the path to increase investors and investments to Maldives.

Further, a Joint Economic Commission is also to be established under the agreement.

It was an important step taken to take the economic cooperation between both countries, to newer heights.