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Malta trade gives an overview of the current financial condition of Malta. Malta's economic stability is largely dependent on the commercial exchange of goods and services. While discussing about Malta trade we will definitely come across the business deals that the country has once underwent.
It is said that the trade policy of Malta is same as those of other European Union members. In 2005 the common EU weighted average tariff rate had been 1.7 percent and several non-tariff barriers are being reflected in policy of EU. These include manufacturing and agricultural grants, regulatory and licensing barriers and other market access restrictions. However, accordingly an additional 20 percent is being reduced from the trade freedom score of Malta.
According to the financial and business report of 2004, total exports of Malta stood at € 2.12 bn. The EU remains the major local trading partner for Malta. It accounts for 48.5% of Malta exports and 72.5% of Malta imports, being the biggest player in the commercial exchange of Malta.
By trade in Malta, we mean the import and export services of the country along with the licensing policies, levies and business related legal services. The organization that takes care of all these affairs is the Confederation of Malta Trade Unions, CMTU. It is Malta's national trade union center and comprises around 36,000 members.
This Maltese Trade Union is associated with the International Trade Union Confederation and composes of a cross section of big and small trade unions namely the Union of Maltese Bank Employees, Union Haddiema Maghqudin and the Maltese Teachers Union.
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