The Government of India and the Government of Maldives, referred to as the "Contracting Parties". Desirous of developing and strengthening trade and economic relations between their respective countries in accordance with their development and trade needs and objectives on a mutually beneficial basis.
Each Government shall accord to the commerce of the other Government treatment no less favorable than that accorded to the commerce of any third country.The Contracting Parties shall promote the development of trade and economic relations between their respective countries within the framework of their laws, rules and regulations.
To develop trade between two countries should encourage and facilitate the visit of commercial and technical representatives of either party to the country of the other and participation by either party to the country and the participation by either country in trade fairs and in arranging exhibitions of either country. Payments between the two countries should be made in freely convertible currency and subject to foreign exchange regulations and other rules and regulations effective in either country.