Maldives And Bangladesh Can Benefit From Growing Trade Ties
Posted on December 1st, 2021

MD Pathik Hasan

Maldives and Bangladesh both are South Asian countries. Maldives and Bangladesh established diplomatic relations on 22 September 1978.  That was the starting point. The relations between two South Asian countries are increasing day by day.  Maldives President Ibrahim Mohammed Saleh’s visit to Bangladesh in March, 2021 added multidimensionality to the two countries. Because the country has expressed its determination to work together with Dhaka on bilateral, regional and international issues. Not only that, a total of six Memoranda of Understanding (MoUs) has been signed between Dhaka-Male within a month; Of which four have been completed in the presence of the President during his visit to Dhaka to mark the Birth Centenary celebration of Founder of Bangladesh Bangabandhu Sheikh Mujib in March. 

The Indo-Pacific Strategy (IPS), a new dimension in the region’s diplomacy, shares Bangladesh’s ideological aspirations with Maldives, the geopolitically important country. For this reason, the country intends to work together with Bangladesh while maintaining peace and stability. At the same time, the two countries have agreed to increase connectivity by air and sea. 

Maldivian Vice President Faisal Naseem visited Bangladesh recently. He has shown keen interest to recruit specialised professionals and doctors from Bangladesh, seeking to establish direct shipping line between Chattogram and Malé, to enhance bilateral trade.

According to Bangladesh Prime Minister, Bangladesh can extend technical support to the Maldives on human resources development and healthcare.   “Bangladesh can share our health sector experiences with the Maldives as Bangladesh has set up community clinics to ensure primary healthcare services. So, Bangladesh can help the Maldives in this regard,” she added.

Bangladesh can cooperate in higher education and development of human resources, training and capacity building, particularly for the health sector of Maldives. Maldives can benefit from importing world-class healthcare, garments, processed food, agro products, household appliances, construction materials, eco-friendly jute, leather, plastic, ceramic and light-engineering products from Bangladesh at competitive prices. On the other hands, Maldives can invest Bangladesh in tourism sector. It has huge experience in tourism sector. Bangladesh and Maldives can sign a free trade agreement to boost up trade.

Maldivian President Ibrahim Mohammed Saleh arrived in Dhaka on a two-day visit on the occasion of Bangabandhu’s birth centenary and golden jubilee of independence. During his bilateral meeting with Prime Minister Sheikh Hasina, four MoUs were signed between Bangladesh and Maldives. The memoranda include the formation of a Joint Commission (JCC), regular meetings at the Foreign Secretary level, assistance in the extraction of marine resources and cultural exchanges. 

The two leaders also discussed bilateral trade, customs co-operation and avoidance of double taxation, investment, migration issues, human resource and youth development, education, health care and medicine, agriculture, tourism, Rohingya issues, climate change issues and natural disasters. And mitigation. The two top leaders also agreed to expand mutual cooperation on these issues. 

In addition to First Lady Fazna Ahmed, the Maldivian President was accompanied by 28 guests, including Foreign Minister Abdullah Shahid and the Minister for Economic Development. 

The Maldivian president’s visit added a new dimension to the ongoing goodwill between the two countries. This is especially a reflection of Bangladesh’s geopolitical importance in the region and the support it has from neighboring countries. This visit provides an opportunity for the Maldives to support Bangladesh’s rivalry over connectivity in the Indian Ocean. 

Saleh congratulated Bangladesh for its economic progress and socio-economic development by celebrating the Golden Jubilee across the path of friendship. He also expressed his gratitude to Bangladesh. Highlighting the assistance of Bangladesh, provided to the Maldives during the coronavirus epidemic, Saleh said the Maldives is grateful for the friendship of the people of Bangladesh. This friendship is helping us to meet the challenges posed by the epidemic. This cooperation is a sign of friendly relations between the two countries. 

On the second day of the visit, the two leaders held a private meeting before the bilateral meeting. Later, in their presence, a memorandum of understanding was signed on four issues, including the formation of a joint commission to strengthen overall cooperation between the two countries. In addition to emphasizing on enhancing communication and trade between Dhaka and Male, the two countries also agreed to sign a preferential trade agreement at a bilateral meeting chaired by the two leaders. 

After the Sheikh Hasina-Saleh meeting, the two foreign ministers of the two countries came to the joint press conference at Hotel Intercontinental in Dhaka in the afternoon. AK Abdul Momen and Abdullah Shahid. Abdul Momen said the two countries have agreed to operate direct ships and flights to the Maldives. Bangladesh and Maldives have agreed to sign a Preferential Trade Agreement (PTA) to boost trade and investment. 

On the other hand, Abdullah Shahid said the country welcomed Prime Minister Sheikh Hasina’s announcement to increase connectivity. We want to increase communication by air as well as by sea. We will work to maintain peace and stability in the Indian Ocean. Shahid also promised that Maldives would stand by Bangladesh in resolving the Rohingya crisis. 

Regarding the Bangladeshi expatriates in the Maldives, Shahid said the Prime Minister appreciated the decision of the Maldivian President to provide free coronavirus vaccine to the expatriates in the country. President Salih praised the contribution of Bangladeshi expatriate workers in Maldives. He met with Abdul Hamid. There is also talk of increasing connectivity 

Meanwhile, a joint statement issued by the two countries said that Bangladesh’s support for the Maldivian Foreign Minister as President of the UN General Assembly this year has been confirmed. On the other hand, Maldives will support the Bangladeshi candidate for the post of Regional Director of the World Health Organization’s Southeast Asia Regional Office for 2023. 

We can say, this is the sign of eternal brotherhood between Bangladesh-Male.  Even though the Maldives is a small island state, it has a geopolitical significance. Bangladesh got multi-dimensional benefits during the visit of Maldives President to Dhaka. We have always good relations with the Maldives. This visit has created an opportunity to strengthen this relationship. The agreements reached between the two countries strengthen the relationship between the two countries and reflect the geopolitical importance of Bangladesh in the region and the support that neighboring countries have for Bangladesh  

There are huge sectors of potentials to work together such as tourism, tackling covid-19, counter-terrorism approach, maritime cooperation, Climate change issue, fishing, supporting each other at common regional and international fora. Maldives always supports the stance of Bangladesh regarding Rohingya refugees’ repatriation, relocation of Rohingyas to Bashanchar. These are very appreciable. The Government of Maldives sent gift of 200,000 Covid-19 vaccines for the people of Bangladesh.

The average volume of the country’s exports to Maldives is $6 million while imports amount to $50 million. The two countries want to augment their cooperation on climate issues, tourism, trade and human resources development.

The Maldives bilateral relations with Bangladesh and the maritime cooperation with Bangladesh in the Indian Ocean in terms of a regional cooperation or connectivity will give a new dimension to Maldives’ assistance there. Bangladesh is going to become a full member of Colombo Security block.  All in all, it will benefit mutual diplomacy and the economic and other interests of bilateral relations between both parties. The Maldivian economy is not very big, but it has geopolitical advantages and diplomatic importance.  The people of Bangladesh and Maldives would benefit ultimately. Bangladesh-Maldives ties would be more fraternal. 

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