New cargo ter­mi­nal at Ve­lana air­port

Maritime Gateway - - International News -

Mal­dives is plan­ning con­struc­tion of a big­ger cargo ter­mi­nal at the Ve­lana In­ter­na­tional Air­port. It is ex­pected to open up the gate­way for a re-ex­port mar­ket in the Mal­dives. At a time when Mal­dives is fast en­ter­ing into free trade agree­ment with var­i­ous coun­tries, the new cargo ter­mi­nal will fur­ther add fil­lip to the growth of air cargo. Af­ter ad­di­tion of the cargo ter­mi­nal, about 120,000 tonnes of air cargo is ex­pected to be pro­cessed ev­ery year at the Ve­lana In­ter­na­tional Air­port. With a FTA signed with China, Mal­dives can now ex­port seafood pro­duces with zero per­cent duty, which would di­rectly ben­e­fit the Mal­dives econ­omy.

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