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News

Government credits Muizzu diplomacy for UK tuna tariff exemption

By Hussain Shinan Published 8 hours ago

The government has credited President Mohamed Muizzu’s diplomatic engagement and economic policy approach for the United Kingdom’s decision to suspend import duties on Maldivian tuna exports.

The UK has removed the previously imposed 20 percent tariff on Maldivian tuna products until the end of 2028, a move expected to provide significant relief to the country’s fisheries sector and exporters.

Speaking during an appearance on Raajje Miadhu, Chief Government Spokesperson Mohamed Hussain Shareef described the development as a major economic achievement for the Maldives.

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He said the administration had consistently worked towards securing the concession since President Muizzu assumed office, with the matter being raised directly during official engagements with British authorities.

According to Shareef, the President personally highlighted the importance of the Maldivian fisheries industry during discussions held in the UK, including during an audience with Charles III. During the meeting, the President reportedly emphasised the premium quality and growing demand for Maldivian tuna products within the British market.

The spokesperson noted that the import tariff had previously affected the competitiveness of Maldivian fish exports and reduced the ability of fishermen and exporters to secure stronger returns from the UK market.

He added that the exemption was achieved following nearly two years of diplomatic engagement and negotiations, describing it as an example of the administration’s broader efforts to strengthen economic ties with international partners.

Shareef also stated that this was the first occasion on which a Maldivian president had directly advocated at head-of-state level for a trade-related concession of this nature.

The Maldives exports approximately £16.7 million to £18 million worth of tuna products annually to the UK, making it the ninth-largest tuna exporter to the British market.

The government said discussions with UK authorities will continue in hopes of converting the temporary suspension into a permanent duty exemption in the future.

The fisheries industry remains one of the Maldives’ most vital economic sectors, supporting thousands of fishermen and contributing substantially to national export earnings.

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“The Standard Maldives” is your premier source for the latest news, insights, and stories from the Maldives. With a commitment to accuracy and independence, we bring you comprehensive coverage of local developments, regional events, and global perspectives that impact our island nation. From breaking news to in-depth analyses, we aim to inform, inspire, and engage. Proudly carrying the tagline, ‘The World’s Window on Maldives,’ we connect the Maldives to the world and the world to the Maldives. Stay informed, stay connected.”

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