Maldives Signs MoU with West London Chambers to Boost Trade and Investment Ties

Business

The Ministry of Economic Development and Trade has signed a Memorandum of Understanding (MoU) with the West London Chambers of Commerce (WLCC) to strengthen commercial cooperation between the Maldives and the United Kingdom.

The agreement establishes a structured framework for collaboration across trade, investment, and business development, opening new pathways for enhanced bilateral engagement.

Key initiatives under the MoU include:

1. Joint facilitation of trade missions and investment promotion activities
2. Identification and promotion of market access and commercial opportunities
3. Active participation in international exhibitions and trade fairs
4. Establishment of an institutional mechanism under the Joint Business Council to drive business matchmaking and investment initiatives

This strategic partnership reflects the Government of Maldives’ commitment to expanding international trade relations and creating new market access opportunities for Maldivian businesses. It also aligns with President Dr Mohamed Muizzu’s economic agenda to build a resilient, globally connected economy, leveraging international partnerships for sustainable growth and diversification.

The MoU, signed on July 17, 2025, will remain in effect for three years, with provisions for renewal upon mutual agreement. It also includes regular review mechanisms to ensure effective implementation and continuous improvement of collaborative initiatives.