DTIS, Volume I - Enhanced Integrated Framework (EIF)

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ACTION MATRIX Requirements Action no. Action recommended 1. Macroeconomic Reforms Implement existing policy Change policy/ legislation/Reform Institutions Technical assistance/ investments Agency involved Time frame 1.1 Short to Conduct a cost-benefit study on the fixed currency peg to the US dollar. X X MMA, DP medium term 1.2 Initiate design and implement a wider tax regime based on new sources of revenue Medium to X X MFT, DP generation, such as sales tax, progressive VAT, corporate taxation. long term 1.3 Initiate a study on the introduction of re-distributive income tax. X MFT, DP Short term 1.4 Abolish the regressive tourist bed tax and introduce value based progressive taxation. Medium to X X MTCA, MFT, DP long term 1.5 Establish a statistical system for registration of all employment (public and private sector). Medium to X X MHEL, MPND Long term 1.6 Review labour market incentives and disincentives. Short to X X MHEL, MPND, DP Medium Term 2. Trade Policy and Institutions 2.1 Build capacity within the government in particular ITPD (MEDT) and the private sector organisations such as the MNCCI, MACI, MATI, and FAM to be able to better formulate, negotiate and implement trade policy in line with the country’s main export interests in X X MEDT, ITPD, NSC, DP Short term tourism and fish products and possibilities in selected service sectors in the future. 2.2 Assess future requirements for services development X X MEDT, ITPD, DP Medium term 2.3 As there is virtually no industry to protect coupled with a small internal market and limited industrial development possibilities, reduce customs tariffs in line with SAFTA requirements and replace revenue lost by a reformed tax system. X X MFT, MSC, DP Medium term xvi
Requirements Action no. Action recommended Implement existing policy Change policy/ legislation/Reform Institutions Technical assistance/ investments Agency involved Time frame 2.4 Support simple, non-restrictive rules of origin specifications and limited listing of sensitive X X ITPD, DP Short term products in SAFTA regional agreements. 2.5 Reconsider the need for royalty tax on fish exports X X MEDT, ITPD Short term 2.6 Initiate intellectual property protection of Maldives fish as a geographical indication X X MEDT, ITPD Short term 2.7 Consider the various options for trade and economic agreements with EU and provide appropriate transition arrangements to ensure preferential market access for canned tuna after the LDC graduation X X MEDT, ITPD Short to Medium term 2.8 Improve awareness of trade policy issues through better communication/internet site. MEDT, ITPD, DP Short term 2.9 Establish a permanent representation in Geneva to interface with the WTO and the EC in Brussels X X MEDT, ITPD Short to Medium Term 3. Business Environment and Private Sector Development 3.1 Develop clear strategy for investments and business support for mainstreaming in the NDP-7 X X MEDT, FISB, FIB, DP Short Term 3.2 Define new structure for MEDT and FISB with clear mandates assigned to sub-units; pay particular attention to enhancing the marketing and promotion function of FISB. 3.3 Legislation pertinent to investments and business practices to be reviewed and updated and where necessary new legislation drafted including the separation of the regulatory role and the business advisory function. 3.4 Investigate the establishment of an independent Trade and Investment Promotion Agency (TIPA) as a one-window approach for investors (foreign and national) and traders, in consultation with MNCCI..Investment proposals to be directly handled by associated ministries for specialist input via TIPA. 3.5 Improve business start-up procedures and streamline company registration procedures at central and the national level X X MEDT, DP Short Term X X MEDT, FISB, FIB, DP Short term X X MEDT, FISB, MNCCI, DP Short to medium term X X MEDT, FISB, MJ, DP Short term xvii
Page 1 and 2: FINAL R E P O R T Volume 1 MALDIVES
Page 3 and 4: GSP HACCP HDFC HDI HIES HH HRD HS I
Page 5 and 6: TRIPS TRTA TSA TTMP UAE UK UNCTAD U
Page 7 and 8: CHAPTER 6: CUSTOMS SERVICES AND TRA
Page 9 and 10: major stakeholders as the basis of
Page 11 and 12: C. ECONOMIC TRENDS Buoyant GDP grow
Page 13 and 14: WTO members (through the Committee
Page 15: The recommendations cover these iss
Page 19 and 20: Requirements Action no. Action reco
Page 25 and 26: government, and lawmakers are elect
Page 27 and 28: . 4
Page 29 and 30: to Sri Lanka. However, by 2004 the
Page 31 and 32: This relatively high proportion of
Page 33 and 34: On an annual basis, total NFA of th
Page 35 and 36: elow provides data on the public in
Page 37 and 38: According to the estimates prepared
Page 39 and 40: Table 2.8: Damage to agricultural f
Page 41 and 42: II. Imports - Merchandise There has
Page 43 and 44: the relatively high rate of unemplo
Page 45 and 46: A. DESTINATION OF MERCHANDISE EXPOR
Page 47 and 48: Penetration of international market
Page 49 and 50: Overall, the importance of foreign
Page 51 and 52: on goods deemed luxury goods (e.g.
Page 53 and 54: the Japan and USA markets. 11 Fish
Page 55 and 56: The Modalities provide that the res
Page 57 and 58: emoved. However, in order to provid
Page 59 and 60: EBA. Appropriate transition arrange
Page 61 and 62: Several provisions such as Article
Page 63 and 64: CHAPTER 4 POVERTY REDUCTION AND HUM
Page 65 and 66: Table 4.2: Poverty Gap Ratios per R
Page 67 and 68:
produced locally and are readily av
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commerce, information and communica
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Table 4.3: Fishery Sector employmen
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This also requires policies that ta
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with routine functions of administe
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Applying for a license to invest in
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E. MINISTRY OF FISHERIES, AGRICULTU
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K. PRIVATE SECTOR STAKEHOLDERS Priv
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Overall, it is estimated that the c
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The cash is held and disbursed by t
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difficult to reach given the except
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system of micro-credit intermediari
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F. LAND, RAW MATERIALS AND SUPPLIES
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B. LABOUR MARKET REFORM About 44 pe
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Appendix The mixed record of the Ma
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legislation incorporates the initia
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CHAPTER 6 CUSTOMS SERVICES AND TRAN
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Maldives Port Authority • Respons
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the correct amount of customs duty
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suspense procedures, thus eliminati
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A new domestic terminal at MIA will
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There is need to clarify MAC’s na
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Changes in the role and structure o
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Significant improvements have been
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CHAPTER 7 THE TOURISM SECTOR Chapte
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British market in 2001. In 2004, be
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Similarly, considerable demand was
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for imports of support infrastructu
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government revenues from the supply
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number of trainees that have been t
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established as a quality tourism de
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Maldives' unspoiled marine environm
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The Faculty works very closely with
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TOURISM ACT A key objective of the
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HRD studies and conduct of necessar
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D. ESTABLISH AN ENABLING BUSINESS E
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Main Recommendation No. 5: review a
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Main Recommendation No. 6: Scale-up
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CHAPTER 8 FISHERY SECTOR Chapter Pl
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processing under-performing more th
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per cent - see Table 8.4. The secto
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In the light of these market trends
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documentation, and administration.
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monitoring and evaluation dates fro
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and catering industry chefs demand
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It is expected that the trial fishe
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• Can seaming and retorting; •
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DTIS, Volume I - Enhanced Integrated Framework (EIF)

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