DTIS, Volume I - Enhanced Integrated Framework (EIF)

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The assessment of the <strong>DTIS</strong> team is that FISB is carrying out its service and regulation functions adequately but is extremely weak in regard to marketing and promoting the Maldives as an investment destination. There is scope for enhancing the promotion function of FISB. D. MINISTRY OF TOURISM AND CIVIL AVAIATION (MTCA) Investments in the tourism sector fall under the responsibility of MTCA, a well-resourced ministry that administers the Maldives Tourism Act (2/99). This legislation covers all aspects of tourism investment from land allocation, leases, to the operation of guesthouses, hotels and resorts. Among the ministry’s main goals and objectives (on its tourism as distinct from its aviation related functions) are: • To increase economic benefits from tourism including national income, employment opportunities, net foreign exchange earnings, regional development and revenues to the government; • To ensure equitable distribution of the economic benefits from tourism to society; • To make tourism a vehicle for the protection of the natural environment, and the revitalization and preservation of the nation's cultural assets; • To maintain a strong private sector role in the industry while enhancing the operating environment and facilitating the private sector to achieve the desired benefits of tourism; • To increase Maldivian participation at all levels of the industry, especially to increase the participation of women in this industry; • To nurture a society that understands the value of tourism for the nation, and its critical role in the future prosperity of the country and its people; • To remain competitive in the global market by continuously expanding and diversifying the product, enhancing the quality of services, and become established as a quality tourism destination delivering good value-for-money; and • To develop support infrastructure and activities, to ensure hassle-free travel and the safety and security of tourists during their holiday. The ministry has a promotion board – The Maldives Tourism Promotion Board (MTPB) - which is responsible for marketing the Maldives as a tourist destination. The Board operates two overseas offices in Germany and the UK. 55
E. MINISTRY OF FISHERIES, AGRICULTURE, AND MARINE RESOURCES Notwithstanding the relative importance of the fishery sector, a comprehensive fishery policy for the Maldives is only now on the drawing board with the World Bank providing technical support. A draft bill has also been prepared. The role of the ministry has been confined to issuing licenses and monitoring implementation of the 1985 Fishery Law No 5/87, now considered to be out of date. Support to agriculture and related activities are minimal. F. MINISTRY OF FINANCE AND TREASURY The Ministry of Finance and Treasury is responsible for determining the taxation structure of the Maldives and in particular for setting the customs tariff, an area that impacts heavily on trade policy. The ministry also operates a duty draw back scheme for investors who qualify for exemptions from import duties. Customs duties in the Maldives are set for the purpose of raising revenue rather than for protection or trade regulation. As previously noted, there is no income or corporate tax in the Maldives. Whilst the need for reform of the tax system is well accepted within the Ministry, there is no clear plan as to when and how this reform should be undertaken. The concept of an overarching Revenue Authority has also been discussed, but no decisions have been made or plans put in place to implement one. G. CUSTOMS SERVICES The Maldives Customs Service falls under the Ministry of Finance and Treasury. It operates at the main international airport, the port of Male’, and at some regional atolls. The service functions fairly efficiently and is structured towards client based services and trade facilitation. However, customs operations are severely constrained by limited physical infrastructure and technology with a lack of adequate equipment and poor computer network facilities. H. MINISTRY OF PLANNING AND NATIONAL DEVELOPMENT The Ministry of Planning and National Development is responsible for plan formulation and coordinating implementation. Trade-related issues have not featured in successive national development plans including the current sixth plan, which is about to come to an end. However there is now growing awareness of the need to incorporate trade in the 56
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FINAL R E P O R T Volume 1 MALDIVES
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GSP HACCP HDFC HDI HIES HH HRD HS I
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TRIPS TRTA TSA TTMP UAE UK UNCTAD U
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CHAPTER 6: CUSTOMS SERVICES AND TRA
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major stakeholders as the basis of
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C. ECONOMIC TRENDS Buoyant GDP grow
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WTO members (through the Committee
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The recommendations cover these iss
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Requirements Action no. Action reco
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government, and lawmakers are elect
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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
Page 69 and 70: commerce, information and communica
Page 71 and 72: Table 4.3: Fishery Sector employmen
Page 73 and 74: This also requires policies that ta
Page 75 and 76: with routine functions of administe
Page 77: Applying for a license to invest in
Page 81 and 82: K. PRIVATE SECTOR STAKEHOLDERS Priv
Page 83 and 84: Overall, it is estimated that the c
Page 85 and 86: The cash is held and disbursed by t
Page 87 and 88: difficult to reach given the except
Page 89 and 90: system of micro-credit intermediari
Page 91 and 92: F. LAND, RAW MATERIALS AND SUPPLIES
Page 93 and 94: B. LABOUR MARKET REFORM About 44 pe
Page 95 and 96: Appendix The mixed record of the Ma
Page 97 and 98: legislation incorporates the initia
Page 99 and 100: CHAPTER 6 CUSTOMS SERVICES AND TRAN
Page 101 and 102: Maldives Port Authority • Respons
Page 103 and 104: the correct amount of customs duty
Page 105 and 106: suspense procedures, thus eliminati
Page 107 and 108: A new domestic terminal at MIA will
Page 109 and 110: There is need to clarify MAC’s na
Page 111 and 112: Changes in the role and structure o
Page 113 and 114: Significant improvements have been
Page 115 and 116: CHAPTER 7 THE TOURISM SECTOR Chapte
Page 117 and 118: British market in 2001. In 2004, be
Page 119 and 120: Similarly, considerable demand was
Page 121 and 122: for imports of support infrastructu
Page 123 and 124: government revenues from the supply
Page 125 and 126: number of trainees that have been t
Page 127 and 128: 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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