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India signed MoU with Maldives

Published on December 26, 2021
Current Context: India has signed an MoU with the Maldives for the purpose of a pilot project on pre-arrival cargo data exchange.
India signed MoU with Maldives
  • This MoU will mark the beginning of the electronic exchange of customs data between both countries.
  • In this regard, Vivek Johri, CBIC Chairman, and Abdulla Shareef, Commissioner General of Maldives Customs, jointly launched the pilot on pre-arrival customs data exchange in a virtual manner.
  • The MoU will also facilitate trade between both countries as there will be an electronic exchange of data on a real-time basis.
  • This will enable fast-track customs payments, identify and eradicate frauds in the same and reduce the time for clearances.
  • There will be an enhancement in supply chains and boost bilateral trade between India and Maldives.
  • Static Part: 
    • Capital of Maldives: Male
    • Currency of Maldives: Maldivian Rufiyaa

Question: 

Q.1 With which country has India signed MoU for the purpose of a pilot project on pre-arrival cargo data exchange?
a. Sri Lanka
b. Maldives
c. Japan
d. Bangladesh
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