Maldives and Türkiye sign preferential trade agreement

1 month ago

Maldives and Türkiye signed a landmark preferential trade agreement (PTA) on Monday, one that affords the Maldives significant tariff reductions on over 100 fish exports. A preferential trade area or a preferential trade agreement is a trading bloc that gives preferential access to certain products from the participating countries. This is done by reducing tariffs but not by abolishing them completely. Negotiations