Minister Saeed extends gratitude to ICBC for support

Economic Minister Mohamed Saeed has extended gratitude to the management Industrial Commercial Bank of China (ICBC) for support rendered to the Maldives.

Minister Saeed, as part of his ongoing official visit to China, visited the bank’s headquarters in capital Beijing on Saturday.

He added that the bank’s support affirmed the importance attached by the Chinese side to extend their full support to implement the consensus reached between the presidents of Maldives and China.

I thank the management of the Industrial Commercial Bank of China for their support during my visit to the bank’s HQ. Affirms the importance attached by the Chinese side to extend their full support implementing the consensus reached by President Xi Jinping & Dr. Mohamed Muizzu pic.twitter.com/nE9d9SbVw1

— Mohamed Saeed (@em_saeed) June 29, 2024

Minister Saeed’s visit to China was to attend the 15th World Economic Forum, held at the Dalian Congress Hall in Dalian Province, China, from June 25^th to June 27^th.

As part of this visit, he has also met with the management of People’s bank of China (PBC) during which both sides deliberated on ways to expand cooperation between the two nations.

Besides this, the Minister also met with the Chinese Minister of Commerce Wang Wentao, for discussions related to the free trade agreement (FTA) between the Maldives and China.

The chief of this discussion was on establishing a currency settlement system between the two countries, to enhance trade and commerce ties.

It is a key priority of Dr. Muizzu's administration to seek such currency settlement agreements with bigger economic allies and frequent trade collaborators, to enhance trade convenience.