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Times of Oman
27-05-2025
- Business
- Times of Oman
India, Maldives hold High-Level Core Group Meeting; discuss implementation of joint vision document
New Delhi: India and the Maldives on Monday held a High-Level Core Group (HLCG) meeting to oversee progress in implementing the India-Maldives Vision Document on Comprehensive Economic and Maritime Security Partnership. "Maldives Foreign Minister Abdulla Khaleel led the Maldives delegation in the meeting. During the meeting, the discussions focused on implementation of the Joint Vision by intensifying political exchanges, defence and security cooperation, development partnership, trade, economy, health and people-to-people linkages," the Ministry of External Affairs (MEA) said in a release. Khaleel condemned the recent terrorist attack in Pahalgam and expressed solidarity with the people and government of India. He thanked Indian government for the timely emergency financial assistance extended to Maldives. The MEA stated, "Foreign Minister Dr. Khaleel strongly condemned the terrorist attack in Pahalgam in April 2025. He expressed Maldives' solidarity with the people and Government of India and its firm support to India in the fight against terrorism in all its forms and manifestations. Foreign Minister Dr. Khaleel also thanked Government of India for the timely emergency financial assistance extended to Maldives, which has made a positive impact on the everyday life of Maldivians." During his visit to India, Khaleel held a bilateral meeting with External Affairs Minister (EAM) S Jaishankar. During the meeting, the two sides discussed issues of mutual interest. The two nations decided that the 3rd HLCG meeting will be held in Male, Maldives on mutually convenient dates. MEA called Maldives India's "key maritime neighbour" and an important partner in India's 'Neighbourhood First' policy and Vision MAHASAGAR. In a press release, MEA stated, "Maldives is India's key maritime neighbour and an important partner in India's 'Neighbourhood First' policy and Vision MAHASAGAR, i.e., Mutual and Holistic Advancement for Security and Growth Across Regions. The visit has strengthened the Comprehensive Economic and Maritime Security Partnership between the two countries." Abdulla Khaleel arrived in New Delhi on Sunday for a three-day visit to India. Ministry of External Affairs spokesperson Randhir Jaiswal extended a warm welcome to Khaleel. In a post on X, Jaiswal stated, "Implementing the India - Maldives Joint Vision of a 'Comprehensive Economic & Maritime Security Partnership'. Warm welcome to FM @abkhaleel of Maldives to India. FM Dr. Khaleel will lead the Maldivian delegation at the 2nd High Level Core Group (HLCG) meeting which oversees implementation of the Joint Vision."
Times of Oman
26-05-2025
- Business
- Times of Oman
Maldives Foreign Minister arrives in Delhi, set to attend High Level Core Group meeting
New Delhi: Maldives Minister of Foreign Affairs, Abdulla Khaleel, arrived in New Delhi on Sunday for a three-day visit to India. Khaleel will lead the Maldivian delegation at the 2nd High Level Core Group (HLCG) meeting. Ministry of External Affairs spokesperson Randhir Jaiswal extended a warm welcome to Khaleel. In a post on X, Jaiswal stated, "Implementing the India - Maldives Joint Vision of a 'Comprehensive Economic & Maritime Security Partnership'. Warm welcome to FM @abkhaleel of Maldives to India. FM Dr. Khaleel will lead the Maldivian delegation at the 2nd High Level Core Group (HLCG) meeting which oversees implementation of the Joint Vision." Earlier this month, the Centre extended support to India's maritime neighbour, Maldives by rolling over the USD 50 Million treasury bill. Khaleel had expressed gratitude to the Indian government and hailed the timely assistance which "reflects the close bonds of friendship" between the two countries. In the statement shared on X, the High Commision of India to Maldives said, "India extends financial support to the Maldives through the rollover of the USD 50 million Treasury Bill." According to the statement, after the request by the Government of Maldives, the State Bank of India (SBI) has subscribed, for one more year, a USD 50 million Government Treasury Bill issued by the Ministry of Finance of Maldives. It was noted that since March 2019, India has been facilitating the subscription of several such Treasury Bills by the SBI and rolling them over annually interest-free to the Government of Maldives. This is a part of the unique government-to-government arrangement between the two countries that serves as emergency financial assistance to the maritime neighbour. Extending gratitude to the Indian Government, Khaleel in a post on X stated, "I express my sincere gratitude to EAM @DrSJaishankar and the Government of #India for extending crucial financial support to the #Maldives through the rollover of the USD 50 million Treasury Bill. This timely assistance reflects the close bonds of friendship between #Maldives & #India and will support the Government's ongoing efforts to implement fiscal reforms for economic resilience."
Fibre2Fashion
03-05-2025
- Business
- Fibre2Fashion
India, EU reaffirm commitment to finalise FTA by 2025 end
Piyush Goyal, the Minister of Commerce and Industry of India, and Maroš Šefcovic, European Commissioner for Trade and Economic Security, recently engaged in a forward-looking and substantive dialogue to address global trade challenges and reaffirm their shared resolve to conclude the India-European Union Free Trade Agreement (FTA) by the end of 2025. This commitment builds on the strategic direction given by Prime Minister Narendra Modi and President of the European Commission, Ursula von der Leyen during the visit of the EU College of Commissioners to New Delhi in February 2025. India and the EU have reaffirmed their commitment to concluding the free trade agreement (FTA) by end-2025, aiming for a balanced, inclusive, and resilient trade partnership. India's Piyush Goyal and EU's MaroÅ¡ Å efÄoviÄ highlighted progress in negotiations and the importance of addressing non-tariff barriers. The FTA seeks to enhance market access, digital transition, and supply chain resilience. The high-level engagement underscores the strategic importance both partners attach to building a commercially meaningful, mutually beneficial, balanced, and a fair trade partnership that supports economic resilience and inclusive growth. The meeting highlighted the progress made across multiple negotiating tracks and emphasised the importance of maintaining the ongoing momentum through monthly negotiating rounds and continued virtual engagement. Both sides reiterated their aim to address pending issues in a spirit of mutual respect and pragmatism, including at the next round scheduled to be held from May 12-16, 2025, in New Delhi. India emphasised that meaningful progress in trade negotiations requires equal focus on non-tariff barriers (NTBs) alongside tariff discussions and regulatory frameworks must be inclusive, proportionate, and avoid restricting trade, the Ministry of Commerce and Industry said in a press release. The India-EU FTA aspires to reflect the evolving realities of global commerce by supporting digital transition, promoting diversified and resilient supply chains. Both sides expressed optimism that the agreement, once concluded, will serve as a transformative pillar of the broader India-EU strategic partnership, enhancing market access, supporting regulatory cooperation, and fostering innovation and competitiveness on both sides. Both sides acknowledged the crucial role of investment flows and people-to-people mobility in sustaining economic vitality. In the spirit of India's emergence as a 'Vishwa Mitra'—a partner to the world—and aligning with its 2047 development goals, the India- EU FTA is seen as an instrument to promote diversified production networks and uphold fair trade principles. As India continues to broaden its footprint through multiple free trade deals, this dialogue reflects its broader vision of shaping a future-ready framework aligned with national priorities and global aspirations. Fibre2Fashion News Desk (RR)
