TRADE AGREEMENT BETWEEN THE GOVERNMENT OF
THE REPUBLIC OF INDIA AND THE GOVERNMENT
OF THE REPUBLIC OF MALDIVES
The Government of the Republic of India and the Government of the Republic of
Maldives, hereinafter referred to as the Contracting Parties:
Desirous of developing and strengthening trade and economic relations between
their respective countries in accordance with their development and trade needs
and objectives on a mutually beneficial basis :
Have agreed as follows:
The Contracting Parties shall promote the development of trade and economic
relations between their respective countries within the framework of their laws,
rules and regulations.
Each Government shall accord to the commerce of the other Government treatment
no less favorable than that accorded to the commerce of any third country.
The provisions of Article II shall not prevent the grant or continuance of:
- Privilege which are or may be granted by either of the two Governments in
order to facilitate frontier trade.
- Advantages and privileges which are or may be granted by either of the two
Governments to any of their respective neighboring countries.
- Advantages resulting from a customs union, a free trade area or similar
arrangements which either of the two Governments has concluded or may conclude
in the future.
- Advantages or preferences accorded under any scheme for expansion of trade
and economic co-operation among developing countries, which is open for
participation by all developing countries and to which either of the two
Governments is or may become a party.
All payments between the two countries shall be made in freely convertible
currency, subject to foreign exchange regulations and other pertinent laws,
rules and regulations effective in either country.
In order to develop further trade between two countries, the Contracting Parties
shall encourage and facilitate the visit of commercial and technical
representatives, groups and delegations of either party to the country of the
other and the participation by either country in trade fairs and in arranging
exhibitions of either country in the territory of the other, on terms to be
agreed between their competent authorities.
The exemption from customs duties and other similar charges on articles and
samples intended for fairs and exhibitions, as well as their sale and
disposition, shall be subject to the laws and regulations of the country where
such fairs and exhibitions are held.
Not with standing the foregoing provisions, either Contracting Party may maintain
or introduce such restrictions as are necessary for the purpose of:
- Protecting public morals;
- Protecting human, animal and plant life;
- Safeguarding national treasures;
- Safeguarding the implementation of laws relating to the import and export of
gold and silver bullion; and
- Safeguarding such other interests as may be mutually agreed upon.
Merchant cargo-bearing vessels of either Contracting Party shall be granted
most-favoured nation treatment in respect of entry into, stay in and departure
from the ports of the other Party as well as in the use of the facilities
therein in accordance with laws, rules and regulations in force in the said
The provisions of the preceding paragraph shall not be applied to maritime
activities legally reserved by each Contracting Party for its organisations of
enterprises including fishing, coastal trade and inland shipping.
Notwithstanding the other provisions of this Agreement, the Government of the
Republic of India, having regard to the fact that it has traditionally been
supplying certain essential commodities to the Maldives, has agreed to
facilitate supply to the Maldives of specified quantities of commodities, to be
determined bilaterally, even if they may fall under the prohibited or restricted
category and in terms of the stipulations of Article IX below.
In order to effect to the provisions of Article VIII the Contracting Parties
have agreed that the Government of the Republic of Maldives will furnish to the
Government of the Republic of India a list of the essential commodities required
by the former in a calendar year by the end of the month of November of the year
preceding the year to which the requirement relates. Specified quota allocations
for the following calendar year shall be made by the Government of the Republic
of India by the end of December with due regard to the supply availability and
the overall need of the Government of the Republic of Maldives.
In order to facilitate the implementation of this Agreement, the two Governments
shall consult each other as and when necessary.
This Agreement shall come into force on the 31st day of March, 1981. It shall
remain in force for a period of 1 year. The Agreement shall thereafter continue
to remain in force until it is modified or terminated by either Contracting
Party on giving 3 months notice to the other Party.
Done in Male on the 31st day of March, 1981 in two original copies, each in
Hindi and English both the texts being equally authentic. In case of doubt, the
English text shall prevail.
|Sd/- x x x
|| Sd/- x x x
|( KHURSHEED ALAM KHAN )
|| ( ABDUL SATTAR )
|Minister of State, Ministry of Commerce,
|| Minister of Fisheries,
|GOVERNMENT OF THE REPUBLIC OF INDIA
|| GOVERNMENT OF THE REPUBLIC OF MALDIVES