INDIA – MAURITIUS
- Cabinet approves Comprehensive Economic Cooperation and Partnership Agreement (CECPA) between India and Mauritius.
- The Agreement is a limited agreement, which will cover Trade in Goods, Rules of Origin, Trade in Services, Technical Barriers to Trade (TBT), Sanitary and Phytosanitary (SPS) measures, Dispute Settlement, Movement of Natural Persons, Telecom, Financial services, Customs Procedures and Cooperation in other Areas.
- The India-Mauritius CECPA will be the first trade agreement to be signed by India with a country in Africa.
Benefits of the Agreement:
- CECPA provides for an institutional mechanism to encourage and improve trade between the two countries.
- It covers more than 310 export items for India.
- Mauritius will benefit from preferential market access into India for its 615 products.
- In services, Indian service providers will have access to around 115 sub-sectors from the 11 broad service sectors such as professional services, computer related services, research & development, other business services, telecommunication, construction, distribution, education, environmental, financial, tourism & travel related, recreational, yoga, audio-visual services, and transport services.
- India and Mauritius enjoy excellent bilateral relations, sustained by historic cultural affinities, frequent high-level political interactions, development cooperation, defence and maritime partnership, and people to people linkages.
- Mauritius is an important development partner of India.
- India had extended a ‘Special Economic Package’ of USD 353 million to Mauritius in 2016.
- Under this package, among other projects, the New Supreme Court building project is being carried out for Mauritius.
- Since 2005, India has been among the largest trading partners of Mauritius, and has been one of the largest exporters of goods and services to Mauritius.