💨 Abstract

The Maldives' free trade agreement (FTA) with China has "no benefit" as the island nation has little exports to China and imports heavily from them, resulting in loss of tariffs and import duties. Ex-president Mohamed Nasheed hopes India will aid Maldives in managing its debt crisis and preventing default. India has expressed concern over the FTA and its impact on Maldives' fiscal health.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖