- The agreement was signed in the presence of the Prime Minister of Mauritius and EAM Jaishankar.
- It provides for an institutional mechanism to encourage and improve trade between the two countries.
- Mauritius would benefit from the preferential market access into India for its 615 products.
- Indian service providers will have access to around 115 sub-sectors from the 11 broad service sectors.
Yesterday, the Commerce Secretary of India, Dr. Anup Wadhawan and the ambassador Haymandoyal Dillum, the Secretary of Foreign Affairs, Regional Integration and International Trade, Government of Mauritius signed the India-Mauritius Comprehensive Economic Cooperation and Partnership Agreement (CECPA) in Port Louis. The agreement was signed in the presence of Prime Minister of Mauritius Mr. Pravind Jugnauth, and External Affairs Minister Dr. S Jaishankar.
The agreement is said to be the first trade agreement signed by India with a country in Africa. The authorities informed that the Agreement is a limited agreement, which would 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.
Reportedly, the agreement provides for an institutional mechanism to encourage and improve trade between the two countries. Speaking of the CECPA between India and Mauritius, it covers nearly 310 export items for India, including foodstuff and beverages, agricultural products, textile and textile articles, base metals, chemicals, and many more.
The authorities mentioned that Mauritius would benefit from the preferential market access into India for its 615 products. These products include frozen fish, specialty sugar, biscuits, fresh fruits, juices, mineral water, beer, alcoholic drinks, soaps, bags, medical and surgical equipment, and apparel.
From the point of trade and commerce, Indian service providers will have access to around 115 sub-sectors from the 11 broad service sectors. These sectors include professional services, computer-related services, research and development, distribution, education, environmental, financial, tourism and travel-related, recreational, yoga, audio-visual services, and transport services.
Nearly 95 sub-sectors, including professional services, telecommunication, financial, distribution, higher education, environmental, health, tourism, and travel-related services have been offered by India. Both the delegates have also agreed to negotiate an Automatic Trigger Safeguard Mechanism (ATSM) for a limited number of highly sensitive products within two years of the Signing of the Agreement.
The India-Mauritius CECPA will strengthen the relations between the two nations. The Agreement is said to come into force at an early date.