Skip to content
Breaking News Desk Editorial

Maldives Cancels Hydrography Pact with India, Set to Terminate Agreement in June 2024

Maldives Cancels Hydrography Pact with India, Set to Terminate Agreement in June 2024
Kanika Sharma
Geopolitical Analyst & Editor
Published: Updated: 2 min read
AdvertisementAdvertisement

Maldives has decided to cancel a hydrography agreement signed with India by the previous government. The agreement, which allowed India to study and map the seabed around the Maldives, was terminated with a notice that requires six months for completion. The cancellation notice was given, and the agreement is set to end on June 24, 2024, as per Maldives local media Atoll Times.

The hydrography agreement was initially signed on June 8, 2019, to help identify the characteristics of the seas and marine life in the Maldives. It also established a dedicated office and facilities for hydrography within the Maldives National Defense Force (MNDF). Indian navy vessels conducted surveys in various regions of the Maldives last year, collecting data on reefs, lagoons, coastlines, and installing equipment to study ocean currents and tide levels.

Under the terms of the agreement, the Maldives receives royalties from the sale of hydrographic charts internationally, with 25% for sales to international parties and 35% for sales within the Maldives.

The decision to cancel the hydrography pact follows the election of President Mohamed Muizzu in September, who promised during his campaign to remove a small Indian military presence in the country. The new government officially requested India to withdraw its troops, and President Muizzu stated that India has agreed to do so.

🚀
⚡ Prime
Enjoy an Ad-Free Reading Experience
Plus 100+ screener conditions, historical signal analysis, DIY stock screening, FII/DII data & more.
Join Prime →
Recommended
Kanika Sharma
Geopolitical Analyst & Editor

Kanika Sharma

Kanika Sharma is a Geopolitical Analyst and Editor at BigBreakingWire. She holds a Master's degree in History from the Central University of Punjab, with an academic background in qualitative research, text analysis, and historical frameworks. At BigBreakingWire, she analyzes global trade shifts, international policies, geopolitical developments, semiconductor supply chains, manufacturing policies, and sovereign industrial initiatives. Her work combines historical context with contemporary policy and macroeconomic analysis to explain complex global developments clearly and accurately.

Last reviewed by Kanika Sharma on January 20, 2024

Disclaimer: BigBreakingWire provides news and informational content for general educational purposes only. The information presented on this website does not constitute financial, investment, tax, or legal advice. Readers should consult qualified professionals before making any financial decisions. BigBreakingWire, its authors, and editors are not responsible for any financial losses or damages arising from the use of information on this site.

Discussion

Share your take — react and comment in seconds, no login needed.

0 comments

Loading discussion…

Be civil — abusive or promotional comments get removed. No login required.

Also in

⚡ Upgrade to Prime
The Market Terminal for Serious Investors
🚫 Ad-Free Experience📊 100+ Screener Conditions🔬 Historical Signals📈 DIY Stock Screening🏦 FII/DII Data
Join BigBreakingWire Prime →