Comprehensive Economic Cooperation and Partnership Agreement between India and Mauritius
The commerce ministry of India recently announced that the Comprehensive Economic Cooperation and Partnership Agreement between India and Mauritius which is a kind of free trade agreement would come into effect from April 1.
This agreement between India and Mauritius covers 310 export items for India, including food and beverages, agricultural products, textile and textile articles, base metals, electricals and electronic item, plastics and chemicals, and wood.
It said that Mauritius will benefit from preferential market access into India for its 615 products, including frozen fish, speciality sugar, biscuits, fresh fruits, juices, mineral water, beer, alcoholic drinks, soaps, bags, medical and surgical equipment, and apparel.
The fact that this is the first trade agreement that India has signed with any African country, shows how special Mauritius is for India. India is excited about the tremendous opportunities CECPA opens up for boosting two-way trade in goods and services as well as investments, which is urgently needed in our post-Covid economies.
India and Mauritius signed a $100 million Defence Line of Credit agreement on Monday. It was a part of several understandings, including the Comprehensive Economic Cooperation and Partnership Agreement (CECPA). Mauritius will get preferential access for export of 40,000 tonnes of sugar into India at an early time frame.
India's new projects in Mauritius :
India has ambitious plans and several new projects that will commence soon according to external affairs ministry of india. This includes :
- India’s first Solar Energy plant at Mauritius,
- A new Civil Service College,
- A Forensics Laboratory,
- Anew Library and Archives,
- A Renal Transplant Unit in the Jawaharlal Nehru Hospital,
- New Mediclinics and Area Health Centres and a project to replace water supply pipes.
