Economy > Trade
26 February 2021
India on Tuesday signed a Comprehensive Economic Cooperation and Partnership Agreement (CECPA) with Mauritius, which is also the first trade agreement signed by India with an African nation.
The agreement is limited in scope, covering areas like trade in goods, rules of origin, trade in services, technical barriers to trade, sanitary and phytosanitary measures, dispute settlement, movement of natural persons, telecom, financial services, customs procedures and cooperation in other areas.
Commerce secretary Anup Wadhawan and Ambassador Haymandoyal Dillum, secretary of foreign affairs, regional integration and international trade, Government of Mauritius signed the CECPA in Port Louis on Monday in the presence of Prime Minister of Mauritius Pravind Jugnauth, and India’s external affairs minister S Jaishankar.
India Signs Trade Agreement With Mauritius During External Affairs Minister S Jaishankar s Visit
India and Mauritius signed the CECPA on Monday (Pic Via Twitter)
India and Mauritius have signed a Comprehensive Economic Cooperation and Partnership Agreement (CECPA) that provides an institutional mechanism to encourage and improve trade between the two countries.
India decided to change its trading relationship with Mauritius after it found that the earlier double taxation avoidance (DTA) treaty with the island nation was being misused for routing illegal money into India.
In fact, tax advantage that India gave made Mauritius the supplier of largest foreign direct investment into the country. Even since then, various loopholes in the earlier trading system have been plugged.
India, Mauritius sign trade agreement dtnext.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dtnext.in Daily Mail and Mail on Sunday newspapers.
The Indian commerce ministry said the CECPA provides for an institutional mechanism to encourage and improve trade between the two countries..Jaishankar tweeted the deal will help focus on post-pandemic economic recovery. Enable business expansion and greater investments
India and Mauritius have signed a Comprehensive Economic Cooperation and Partnership Agreement CECPA that provides an institutional mechanism to encourage and improve trade between the two countries