Maldives-Türkiye trade agreement takes effect

4 days ago

The preferential trade agreement signed between Maldives and Türkiye took effect on Saturday, offering tariff concession across 75 tariff lines. A preferential trade area or a preferential trade agreement is a trading bloc that gives preferential access to certain products from the participating countries. This is done by reducing tariffs but not by abolishing them completely, as in free trade agreements. The