ISDS Case Map
Maldives
Indicating a toughening of its stance against Beijing, Maldivian Parliament’s Speaker categorically rejected that the archipelago will sign a trade agreement with China.
The Maldives government could pull out of the free trade agreement with China, former president and Speaker of the Parliament Mohamed Nasheed has hinted.
Maldivian courts will be obliged to enforce arbitration awards.
Maldives former president Mohamed Nasheed, whose party won a landslide in the archipelago’s parliamentary election, on Tuesday pledged to conduct a thorough probe into deals with China.
The Maldives-China Free Trade Agreement (MCFTA) is in limbo as the new Maldivian government is looking into all deals, including the MCFTA, entered into by the previous regime.
The Maldives incurred huge debts and the amount owed to China is still being assessed given that the pitfalls of China’s influence over the Maldivian economy.
A bilateral investment protection agreement is expected to be signed between India and the Maldives.
New Maldives President offered the opportunity for India to revive relations with the Maldives after former government deepened cooperation under the Belt and Road initiative and signed the China-Maldives free trade agreement.
The Maldives’ new government will pull out of a free trade agreement with China because it was a mistake for the tiny nation to strike such a pact with the world’s second biggest economy, the head of the largest party in the ruling alliance said.
Even before China and the Maldives last month signed the FTA in question, the paradisaic archipelago's increasing economic dependence on China was raising red flags.
