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Wednesday, March 03, 2021

Over 300 domestic items to get concessional mkt access in Mauritius

The Union Cabinet, chaired by the Prime Minister Narendra Modi, has approved signing of the Comprehensive Economic Cooperation and Partnership Agreement (CECPA) between India and Mauritius, an official statement said.

By: ENS Economic Bureau | New Delhi |
February 18, 2021 3:58:32 am
In a free trade agreement, two trading partners cut or eliminate customs duties on a host of products besides liberalising norms to promote services trade.

More than 300 domestic goods from agriculture, textiles, electronics and other sectors will get market access at concessional customs duties in Mauritius, with the government on Wednesday approving signing of a free trade agreement between the two countries.

The Union Cabinet, chaired by the Prime Minister Narendra Modi, has approved signing of the Comprehensive Economic Cooperation and Partnership Agreement (CECPA) between India and Mauritius, an official statement said.

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 CECPA between India and Mauritius covers 310 export items for India, including food stuff and beverages (80 lines), agricultural products (25 lines), textile and textile articles (27 lines), base metals and articles thereof (32 lines), electricals and electronic item (13 lines), plastics and chemicals (20 lines), wood and articles thereof (15 lines), and others,” the statement said.

In a free trade agreement, two trading partners cut or eliminate customs duties on a host of products besides liberalising norms to promote services trade.

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