Maldives became a member of the World Trade Organization on 31st May 1995. Prior to joining WTO, Maldives was a signatory to GATT, The General Agreement on Tariffs and Trade, since 19 April 1993. To become a member of WTO, Maldives has scheduled limited sub sectors of professional services under the business service, in the services schedule and bound the goods tariff lines at 30 % and at 300% respectively.