Government TPR |
WT/TPR/G/332 |
G-III§68 |
Maldives |
2016 |
Sectors |
Non-monetary support, Tax concessions |
Energy |
Relevant information
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The Government has set import duties for renewable energy related imports at zero percent, and is formulating policies and regulations to promote renewable energy integration. In addition, research on feasible alternative energy sources is being undertaken.
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Government TPR |
WT/TPR/G/332 |
G-III§69 |
Maldives |
2016 |
Sectors |
Investment measures |
Energy |
Relevant information
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In 2012, the Maldives formulated a medium-term investment plan to scale up renewable energy investments (including large-scale renewable energy development) to meet the rising demand for electricity and to increase national energy security.
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Government TPR |
WT/TPR/G/332 |
G-IV§4 |
Maldives |
2016 |
Measures |
Ban/Prohibition |
Fisheries |
Relevant information
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While the fishery industry has undergone major mechanization, use of nets continues to be illegal in the Maldives. Traditional pole & line and long line fishing in the EEZ are the only approved forms for catching fish.
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Government TPR |
WT/TPR/G/332 |
G-IV§16 |
Maldives |
2016 |
Sectors |
Other price and market based measures |
Services |
Relevant information
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As the pivotal sector, during the review period, the government has pursued policies to expand and spread luxury, eco-friendly and sustainable tourist properties in all the regions of the country as a means to bring additional economic activities to the north and south of the country. (...)
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Government TPR |
WT/TPR/G/332 |
G-IV§20 |
Maldives |
2016 |
Sectors |
Technical regulation or specifications |
Fisheries |
Relevant information
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(...) Measures are also taken to ensure the sustainable nature of Maldivian fisheries and seek premium value for exports by ensuring compliance with internationally accredited schemes such as MSC certification.
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Government TPR |
WT/TPR/G/332 |
G-IV§21 |
Maldives |
2016 |
Sectors |
General environmental reference |
Agriculture |
Relevant information
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(...) As a net food importing country, efforts are made to shift small scale farming practises to sizable commercial operations as a means to enhance food security, cater to the needs of the growing tourism market as well as to build economic resilience in the face of the global climate change and its likely impact.
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Government TPR |
WT/TPR/G/332 |
G-IV§24 |
Maldives |
2016 |
Sectors |
General environmental reference |
Energy |
Relevant information
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Increasing energy security and diversification of the energy sector is an important policy of the government. Dependency on imported fuel products is being gradually reduced through use and investment in alternative fuels and renewable sources of energy. To meet the rising demand for electricity and reduce the dependency on imported fossil fuel Maldives has already started to harvest electricity from locally available renewable energy sources.
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Keywords
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Government TPR |
WT/TPR/G/332 |
G-IV§25 |
Maldives |
2016 |
Sectors |
Investment measures, Public procurement |
Energy |
Relevant information
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To date it has installed 4MWp of solar PV and has a plan to meet 30% of day time peak load of electricity in all its inhabited islands from renewable energy sources within the next 4 years under the government's Scaling-up Renewable Energy Program (SREP) Investment Plan 2013 2017. Investments in solar, wind and waste to energy generation are encouraged under the SREP plan while at the same time government promotes energy efficiency practices and encourage adoption of low-carbon technologies in production, distribution and energy consumption.
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Keywords
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Renewable
Energy
Waste
Climate
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Government TPR |
WT/TPR/G/332 |
G-V§12 |
Maldives |
2016 |
Measures |
Investment measures |
Energy |
Relevant information
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The first investment forum was hosted in Singapore in 2014, where 5 strategic priority projects of the Government were launched. The forum was attended by over 300 participants from both the Maldives and international community. The second edition of the MIF ('Maldives Investment Forum) was hosted in October of 2015 in Beijing, China. Investment opportunities in the financial sector, real estate and renewable energy were featured as priority investment areas in the Beijing MIF.
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Government TPR |
WT/TPR/G/332 |
G-V§23 |
Maldives |
2016 |
Measures |
Other support measures, Tax concessions |
Energy |
Relevant information
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The SEZ (Special Economic Zones) Law grants special tax and non-tax incentives for large-scale investment projects of above US$150 Million, complying with strategic objectives of the Government as outlined in the Law. The strategic priorities as outlined in the SEZ Law include:
(...)
6. Renewable energy, oil &gas exploration
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