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Pic: Shutterstock The India-Mauritius Comprehensive Economic Cooperation and Partnership Agreement (CECPA), signed by both countries on February 22, 2021, has entered into force from today. The CECPA is the first trade Agreement signed by India with a country in Africa. It will provide greater market access for several Indian products at concessional duties in Mauritius. Both sides have completed their internal legal procedures and the India-Mauritius CECPA will enter into force on Thursday, 01 April 2021, India s ministry of commerce and industry said in a statement.
The CECPA is a limited agreement covering 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.
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.
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 signs trade deal, $100 million defence agreement with Mauritius | Details inside ibtimes.co.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibtimes.co.in Daily Mail and Mail on Sunday newspapers.