Think before scrapping FTA, China tells Maldives

Beijing: China on Tuesday said it hoped the Maldives will think before scraping the Free Trade Agreement (FTA) with it after an influential leader of the island nation said his country will pull out of it as the deal was blindly pro-Beijing.
Beijing also sought to put a brave face in the light of the Maldives’ new President Ibrahim Solih’s decision to review the Chinese investments made during the presidency of pro-China leader Abdullah Yameen.

The Chinese Foreign Ministry evaded a question whether Beijing felt the new Maldivian government was steering the country back towards India after being close to Beijing under Yameen. “China-Maldives FTA is based upon the friendly and equal consultations of the two sides. The early implementation of the agreement will deliver benefits to the two sides at an early date. We believe the Maldives government will make the right choice in this regard,” spokesperson Geng Shuang said.
Mohamed Nasheed, a top leader of the governing alliance of the country, said that the FTA with China, signed last year under Yameen’s rule, was unfortunate and one-sided and Male would pull out of it.

The Maldives, under Yameen who was ousted by Solih in elections this year, had signed the FTA with China, becoming the only second nation to strike such a deal after Pakistan. The deal, opposed by Solih’s party, had raised eyebrows in India and other countries. It was rushed through without any debate in the Maldivian parliament. Yameen is said to have given away lot of infrastructure projects to the Chinese companies, racking up huge debts. Male drifted towards Beijing under Yameen, who openly showed his backing for China.

The new government is reportedly worried over the Chinese debt the country has run up during Yameen’s presidency and thinks it’s the time for course correction.It says it will review all Chinese projects in the country.Asked about the Solih’s decision, Geng said: “I am not aware of the details mentioned by you just now.

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