CTL Strategies’ Post

The Foreign Currency Bill has been submitted to Parliament, with major changes proposed to the mandatory foreign currency conversion obligations applicable to tourism establishments. Read more ➡️ https://ctl.mv/3ZJ5mot

The Maldives’ Foreign Currency Act, ratified on 14 December 2024, will come into force on 1 January 2025, introducing comprehensive measures to regulate foreign currency transactions, particularly targeting the tourism sector and high-revenue businesses. Read more: https://lnkd.in/gZJirPmV

We propose two solutions to the migrant crisis: Migration-Based Tariff Adjustments (MBTAs), which impose financial penalties on countries with high emigration rates, and Migration-Linked Free Trade Agreements (MLFTAs), which offer trade incentives for managing migration, representing contrasting punitive versus collaborative approaches. Read more 👇

From fluctuating exchange rates to unfamiliar payment methods, managing your finances abroad requires careful planning and knowledge. Here are tips from #WSFS’ Kristen Katz for maximizing your experience with foreign currency. 

#MISCELLANEOUS Maritime transport plays a crucial role in the global economy, as it is responsible for the movement of 80% of international trade, according to the Inter-American Development Bank (IDB). 🛥🛳🚛🚚💰💲🪙🇸🇻 💲💰🪙💵 Read it here: https://lc.cx/vQfDOS #Dinerocomsv #ElSalvador #Migration #MaritimeTransport #GlobalEconomy 

The new Foreign Currency Act is set to come into effect on 1 January 2025. This new law updated the regulation impacting foreign currency income earners and businesses in the tourism industry.

"The Libyan-Maltese Trade and Export Forum Successfully Held in Malta" "After months of preparation, the Libyan Embassy in Malta, in collaboration with Maltese authorities, organized the Libyan-Maltese Trade and Export Forum. A high-level Libyan delegation, led by the Minister of Economy and Trade and the Minister of Maritime Wealth, attended along with Mr. Soheil Al-Turki, Charge d'Affaires, and Dr. Mohammed Al-Sharif, Consul at the Embassy, in addition to government officials and businessmen." "The forum featured special dialogue sessions discussing ways to enhance trade and investment exchange, with broad participation from both the private and government sectors. Challenges facing companies and investors in both countries were highlighted." "The discussions resulted in practical recommendations emphasizing the importance of strengthening bilateral relations, demonstrating political will, and encouraging visions to elevate cooperation in various fields, including the signing of memoranda of understanding to enhance trade and investment."

The Hon. Mary Ng, Canada's Minister of Export Promotion, International Trade and Economic Development explains the aim of Canada's Indo-Pacific Strategy. Watch the full interview here: https://lnkd.in/g6fyRgPC