The Ministry of Commerce and Industry stated that India and Maldives achieved broad convergence on several key issues during the discussions. Both countries are working towards developing a broad-based, balanced and comprehensive agreement based on the principles of fairness and reciprocity.
India is the second-largest trading partner of Maldives, reflecting the growing economic engagement between the two nations. Bilateral trade between India and Maldives reached over 771 million US dollars in 2025-26, compared to 679 million US dollars in 2024-25, registering a growth of 13.54 per cent.
The proposed Free Trade Agreement is expected to further strengthen economic and trade relations by enhancing market access, facilitating investment opportunities, promoting greater economic cooperation and contributing to sustainable economic growth in both countries.
The successful completion of the first round of negotiations highlights the commitment of India and Maldives towards building a stronger economic partnership. The ongoing discussions aim to create a mutually beneficial framework that supports trade expansion, investment growth and long-term cooperation between the two countries.
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