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The Government of Maldives recognizes that the economy’s precarious reliance on tourism and fishing is alarmingly risky, as progress sometimes falters, or threatens to be lost in economic crises. It is with this in mind that the Vision 2020 envisages that "by the year 2020 the Maldives will have established the most conducive conditions for brisk commerce and economic activity, and will have become the hub of regional free trade. The country will have a more diversified economy with export-oriented trade in services and industrial development." (Vision 2020 Address to the Nation by HE President M. A. Gayoom on the Occasion of the 34th Anniversary of Independence of the Republic of Maldives.)

The agency entrusted with trade policy is the Ministry of Economic Development, and the main responsibility of formulating trade policy lies with the Ministry.