The MoU establishes a comprehensive framework for collaboration across trade, investment, and business development, creating structured pathways for enhanced commercial engagement between the two nations.
Ministry of Economic Development & Trade
On 17 July 2025, during the UK Business Forum 2025, 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 MoU establishes a comprehensive framework for collaboration across trade, investment, and business development, creating structured pathways for enhanced commercial engagement between the two nations. According to the Ministry, key initiatives under this partnership include joint facilitation of bilateral trade missions and investment promotion activities, identification and promotion of market access and commercial opportunities, active collaboration in international exhibitions and trade fairs and an institutional mechanism under the Joint Business Council to drive business matchmaking initiatives and investment promotion activities under the MOU.
This strategic initiative reflects the Government of Maldives' commitment to expanding international trade relations and creating new market access opportunities for Maldivian businesses. The collaboration directly supports President Dr. Mohamed Muizzu's broader economic agenda to build a resilient, globally connected economy that leverages international partnerships for sustainable growth and economic diversification.
The MoU, signed on 17 July 2025, will remain in effect for an initial period of three years, with provisions for renewal upon mutual agreement. The partnership includes regular review mechanisms to ensure effective implementation and continuous improvement of collaborative initiatives.
