In a recent development, India has decided to permit limited exports of essential commodities to the Maldives, signaling a continued commitment to trade relations despite strained diplomatic ties between Male and New Delhi. This decision comes amidst growing Chinese influence in the region.
The Indian government announced on Friday that it would allow the export of key commodities such as sugar, wheat, rice, and onions to the Maldives, exempting these shipments from any existing or future export restrictions or prohibitions. This moves underscores India's willingness to support its neighboring country with vital supplies.
Noteworthy quantities of various commodities have been earmarked for export to the Maldives for the fiscal year 2024/25. These include 124,218 metric tons of rice, 109,162 tons of wheat flour, 64,494 tons of sugar, 21,513 metric tons of potatoes, 35,749 tons of onions, and a substantial 427.5 million eggs. Additionally, India has also allowed exports of 1 million tons each of stone aggregate and river sand to meet the developmental needs of the Maldives.
Traditionally, the Maldives has enjoyed a close relationship with India. However, recent political shifts, including the election of President Mohamed Muizzu in October, have led to a recalibration of the country's foreign policy, with a pivot towards Beijing. Despite this evolving geopolitical landscape, India's commitment to sustaining trade ties remains steadfast.
This move not only underscores the economic interdependence between the two nations but also reflects India's broader strategy of engaging with its neighbors through trade and economic cooperation.
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