TRADE POLICY REVIEW: MALDIVES
Economic diversification is needed to sustain growth
2009-10-27 05:36 -The Maldives is a physically and economically small, vulnerable developing country, heavily dependant for its prosperity on international trade. Real GDP growth averaged 7,4% between 2003 and 2008, driven mainly by the tourism sector. However growth is expected to contract by 1,3% in 2009 due to a decline in tourism activity, according to a WTO Secretariat report on the trade policies and practices of the Maldives.