💨 Abstract

India expresses concern over trade agreements between the Maldives and China, Turkey, stating they may negatively impact the Maldives' cash-strapped economy. The Maldives, struggling with low foreign reserves and debt, signed a free trade agreement with China on Jan 1, potentially increasing its balance of payments deficit with China and making it vulnerable to supply chain disruptions. The Maldives also signed a trade pact with Turkey last year.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖