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"India will be a very crucial partner going forward," Maldives President says
"India will be a very crucial partner going forward," Maldives President says

Times of Oman

time3 days ago

  • Business
  • Times of Oman

"India will be a very crucial partner going forward," Maldives President says

Male: Maldives President Mohamed Muizzu acknowledged India's cooperation with the nation through all these years. Muizzu, while talking to reporters on the sidelines of their Independence Day celebration, said that he was excited to see the implementation of the MoUs signed here and the implementation of the UPI. "We all see how India has helped the Maldives in the past, and nobody will doubt how India will be a very crucial partner going forward," he said. When asked about agreements with India related to the Line of Credit, debt repayment, FTA, and UPI, Muizzu said that it will help the locals as well as tourists. "Definitely it will greatly help the Maldives going forward. So we are really looking forward to implementing the agreements and the MoUs we have signed. I think both our countries, people are looking forward because it will definitely benefit the tourists who come here and for the Maldivians who go to India. We are very hopeful, very hopeful. I think we just started on it and definitely help locals and tourists from India who come here. We hope to conclude it very soon," he said. Muizzu further thanked PM Modi for accepting his invitation to the Independence Day celebrations. "On behalf of all the Maldivians, I sincerely thank Prime Minister Modi for accepting my invitation to come to the Maldives on this very important historic occasion," he said. Muizzu hoped to see a rise in tourism from India post PM Modi's visit. "Well, India is one of the major tourism countries that helps the Maldives with tourism. And definitely with Prime Minister's visit, it is going to increase a lot and I'm surepeople to people exchange between the two countries will greatly boost," he said. Muizzu said that PM Modi was a wonderful person and is fond of building good relations with his neighbours. "PM Modi is a wonderful person who is very fond of building relationships between India's neighbours. The Maldives and India have a very good relationship that goes back centuries, and with PM Modi's leadership, cooperation between the two governments is going to be even more prosperous in the days ahead," he said. On being asked about his plan to visit India this year, Maldivian President Mohamed Muizzu says, "I hope so. I don't know whether this year or not, but maybe in the near future."

US not rushing trade deals ahead of August deadline, will talk with China, Bessent says
US not rushing trade deals ahead of August deadline, will talk with China, Bessent says

Yahoo

time21-07-2025

  • Business
  • Yahoo

US not rushing trade deals ahead of August deadline, will talk with China, Bessent says

WASHINGTON (Reuters) -The Trump administration is more concerned with the quality of trade agreements rather than their timing, U.S. Treasury Secretary Scott Bessent said on Monday ahead of an Aug. 1 deadline for securing a trade deal or facing steep tariffs. "We're not going to rush for the sake of doing deals," Bessent told CNBC in an interview. Asked whether the deadline could be extended for countries engaged in productive talks with Washington, Bessent said U.S. President Donald Trump would decide. "We'll see what the president wants to do. But again, if we somehow boomerang back to the August 1 tariff, I would think that a higher tariff level will put more pressure on those countries to come with better agreements," he said. On China, Bessent said there would be "talks in the very near future." "I think trade is in a good place and, I think, now we can start talking about other things. The Chinese unfortunately ... are very large purchasers of sanctioned Iranian oil, sanctioned Russian oil," he said. "We could also discuss the elephant in the room, which is this great rebalancing that the Chinese need to do." Bessent told CNBC he would encourage Europe to follow the United States if it implements secondary tariffs on Russia. On Japan, Bessent said the administration was less concerned with its domestic politics than with getting the best deal for Americans. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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