Male: Maldives President Mohammad Muizzu thanked India for the reduction given to the island nation in debt compensation. He additionally expressed hope that India and Maldives will construct robust relations and signal a free commerce settlement (FTA). Muizzu was addressing the official celebration of Independence Day in Maldives on Friday.

In line with the Maldives President’s Workplace, throughout his handle, he praised the international coverage of the administration and celebrated eight months of ‘diplomatic success’. President Muizzu expressed gratitude to India and China for his or her cooperation in easing Maldives’ debt compensation. This helped the nation to make sure financial sovereignty.

Stressing the necessity to overcome the native scarcity of US {dollars}, he stated that the Maldives authorities is negotiating foreign money swap agreements with each New Delhi and Beijing. The Maldives President additionally introduced that his administration is negotiating a free commerce settlement (FTA) with Britain. He expressed hope to signal an analogous settlement with India.

It’s noteworthy that the Mohammed Muizzu authorities of Maldives adopted a conciliatory stance after the sourness in relations between the 2 international locations. Final month, President Muizzu additionally attended the swearing-in ceremony of Prime Minister Narendra Modi, when he took workplace for the third consecutive time. Earlier this 12 months, Muizzu had demanded reduction in compensation of giant loans. He even stated that India will stay the closest ally of Maldives and burdened that there is no such thing as a query about this.