UK eliminates import duties on Maldivian tuna products
The President said the removal of import duties would benefit both British consumers and the fisheries sector in the Maldives.
Top Stories
-
MIFCO facing same challenges as private sector, says minister
-
Govt blames city council for delay in market redevelopment
-
Govt supplies 2.5 million litres of subsidised fuel to fishermen
-
Zameer says public won't bear rising fuel import costs
-
Fuel import costs rise to $116 million amid Middle East conflict
The Maldives has welcomed the decision by the United Kingdom to remove import duties on tuna products from Wednesday.
Nick Low said the change would reduce prices for consumers in the UK and create opportunities for Maldivian tuna products in the British market.
According to the High Commissioner, the move would help maintain the competitiveness of Maldivian pole-and-line tuna exports.
Responding in a post on X, President Mohamed Muizzu welcomed the decision by the UK government.
The President said the removal of import duties would benefit both British consumers and the fisheries sector in the Maldives.
According to Muizzu:
-
The move is expected to increase income within the fisheries sector
-
Fishing communities across the islands are expected to benefit economically
The President also stated that the Maldives continues to promote pole-and-line fishing as part of its fisheries policy.
“This historic decision reflects the close relationship between the Maldives and the United Kingdom, and highlights the priority both nations accord to sustainable trade and economic growth,” the President said in his statement.
The Maldives exports tuna products to multiple international markets, with pole-and-line fishing forming a central part of the country’s fisheries industry.
