Moneycontrol PRO
HomeNewsIndia'India's concerns have not been heeded': Kanwal Sibal on Maldives-China FTA

'India's concerns have not been heeded': Kanwal Sibal on Maldives-China FTA

India on Friday said it would “take that into account” while framing foreign aid policies. Sibal added that India's expression suggests that the country's concerns shared privately have not been heeded. We are telling Maldives that this will have policy consequences on our side.

February 01, 2025 / 10:20 IST
Kanwal Sibal

Former foreign secretary Kanwal Sibal on Saturaday said India's concerns have not been heeded, forcing Delhi to publicly
communicate its unhappiness with the Maldives-China FTA. His statement comes amid the Maldives’ free trade agreement (FTA) with China coming into force and a potential trade deal with Türkiye.

India on Friday said it would “take that into account” while framing foreign aid policies. Sibal added that India's expression suggests that the country's concerns shared privately have not been heeded. We are telling Maldives that this will have policy consequences on our side.

"Why should China, the biggest exporter, want an FTA with tiny Maldives except to make sure Maldives doesn’t move into the Indian orbit to the point of affecting China’s expansionist maritime strategy in the Indian Ocean which is a strategic challenge to us," said Sibal.

“We remain in close touch with Maldivian authorities on the situation facing them. Recent agreements that are likely to result in revenue loss for the Maldives Government are, obviously, a matter of concern and do not bode well for the long term fiscal stability of the country. We would, obviously, need to take that into account while framing our own policies,” Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal said, without naming China or Türkiye.

Moneycontrol News
first published: Feb 1, 2025 10:20 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347