President Ibrahim Mohamed Solih has stated the administration was currently working on signing free-trade agreements with the United Kingdom and the European Union, in an effort to eliminate the 22 percent export duty currently being paid for local fisheries products. The president made the statement while addressing the official function held to mark this year's Fishermen's Day in Gemanafushi in Gaafu Alifu Atoll.
Continuing on, the president noted the goal of reducing trade barriers was attainable through strengthened relations and also expressed hope the agreements will be finalised in the near future. In his speech, President Solih also highlighted the premium previously paid for Maldivian tuna is no longer paid, as a result of the changes in the international fisheries market.
Speaking in this regard, the president underscored the tremendous amount of work yet to be done to resolve the issues being faced by local fishermen and companies. He also revealed deliberations were currently underway with the international partners.
Further, President Solih emphasised the administration will not tolerate foreign fishing vessels to illegally enter and fish within the Maldivian maritime territory. He stated the administration was working on facilitating a better mechanism for local fishermen to directly deal with international buyers.
At the function, President Solih presented recognition awards to this year's recipients. He also held a meeting with the fishermen of Gemanafushi later on, where they shared their concerns.
The Fishermen's Day in Maldives is marked on December 10, to recognise the hardworking contributors to the country's economy. Fishing is the second major industry in the country, after tourism.