- DTIS update
- WTO accession
With the support of the EIF, Maldives has adopted a consistent policy approach for economic diversification, improving the ease of doing business, promoting investment and trade facilitation. As a service-based economy, Maldives has undergone substantive reforms, with new legislations, regulations and frameworks enabling foreign direct investment with the goal of promoting economic and social development. The EIF is supporting the implementation of trade, investment, transport and employment sector activities, while also strengthening private sector collaboration and encouraging bilateral trade cooperation in the region.
Institutional capacity-building project
- End date
The goal of the project is to increase exports by strengthening institutional capacities to formulate and implement national trade strategies and policies. As a result of these trade strategies, Maldives will be able to realize poverty reduction, inclusive growth and sustainable development.
- To support regional integration, the EIF National Implementation Unit (NIU) is providing technical assistance to facilitate and launch the Free Trade Agreement with China and providing information to public and private stakeholders and negotiation teams to prepare Maldives’ position papers for the negotiation rounds. This bilateral cooperation has paved the way for mobilizing financing for key strategic projects, including the Malé Airport and the Hulhulé-Malé Bridge.
- The NIU supports the Ministry of Economic Development (MED) as a “one-stop” point for the registration of all entities engaging in business in Maldives. The NIU has also supported Invest Maldives, the Government’s investment promotion arm housed in the MED, which is entrusted with promoting foreign investments to the country, with a dedicated website, www.investmaldives.org.
- The NIU team has contributed to the development of a Maldives Doing Business Guide and an Invest Maldives Magazine, which have been widely disseminated at the Maldives Investment Forum and to visiting business, donor and consular delegations.
- Ongoing support has been provided to the management of investment project proposals received under the Special Economic Zones regime, the Government’s development initiative to create infrastructure and facilities, such as ports, airports, warehousing and export processing zones to foster export‑oriented manufacturing and service industries. Through this, funding of US$735,000 was mobilized by the MED from the private sector for the Maldives Investment Forum and Expo Maldives to promote locally made products and services.
Trade Development/Sector Support: Strengthening institutional capacity of key national trade facilitation agencies to deepen Maldives capacity to competitively engage in international trade in goods and services
- End date
This project is strengthening the capacity of trade facilitation institutions by focusing on: (a) customs modernization with full migration to the Automated SYstem for CUstoms Data (ASYCUDA) World; and (b) strengthening the regulatory capacity of the Civil Aviation Authority to implement a robust economic regulatory framework to engage private sector in management of airport infrastructure.
- 10 customs officials took part in a study tour to Thailand in March 2015, which gave participants an insight of how valuation, Post Clearance Audit (PCA) and risk management are being implemented in Thai Customs.
- The World Customs Organization (WCO) completed their second mission on PCA to the Maldives in May 2015. The mission included a training programme, which gave 21 customs officials participants a theoretical and practical lesson in PCA.
- Customs officials were also trained on risk management during another WCO mission in August 2015.
- 191 staff from various sections of the Maldives Customs Services participated in awareness sessions on post‑clearance audit and valuation in 2015.
- 22 Maldives Customs Services staff and 19 traders participated in a 3‑day awareness programme in December 2015 covering the valuation process and procedures, risk management, and post‑clearance audit.
- 6 technical staff completed ASYCUDA training in March in Malaysia.
- 15 customs officials working on the ASYCUDA World roll out received Java training in November/December 2015.
- Substantive consultations were carried out with stakeholders (port operators, freight forwarders, shipping agents, etc.) to integrate manifest processing procedures into the ASYCUDA platform.
- Stakeholder consultations process to finalize the Economic Regulatory Framework for the aviation sector was completed and the regulations were finalized in July 2015.
- As part of a capacity‑building programme to sensitize stakeholders on the newly drafted Economic Regulatory Framework, 22 public and private sector participants in the aviation sector were trained in areas including Airport Strategic Management and the IATA’s Policies on Economic Regulations and Airport Competition.
- The collaboration with the AsianDevelopment Bank/WCO and UNESCAP in the area of Single Window has helped push the Government's reform agenda on trade facilitation, and the Government has been working with UNESCAP/UNICTRAL to undertake a legal gap analysis and develop related model laws to support implementation of a National Single Window project.
Glimpses from Comoros, Lesotho, Maldvies and VanuatuEnglish
Aide-Mémoire Main MissionEnglish
Maldives DTIS Action Matrix 2006English
Maldives Diagnostic Trade Integration Study Volume 1 2006English
7th National Development Plan: Creating New Opportunities (2006-2010)English
Maldives Annual Progress Report 2013English
Implementing IPoA: The role of the EIFEnglish French
Maldives DTIS 2006
Implementing IPOA: The role of the EIFEnglish French