India and Mauritius enforce CECPA signed in Feb 2021
Total Views |
New Delhi, Apr 1: India and Mauritius signed the Comprehensive Economic Cooperation and Partnership Agreement ( CECPA ) on Feb 22, 2021. The CECPA is the first trade agreement signed by India with a country in Africa. Both sides have completed their internal legal procedures and the India-Mauritius CECPA entered into force on Apr 1, 2021.
The Agreement is a limited agreement, which will 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. The India-Mauritius CECPA provides for an institutional mechanism to encourage and improve trade between the two countries.
Also read: After 132 years of service, Indian Army formally closes down military farms
The CECPA between India and Mauritius covers 310 export items for India, including food stuff and beverages, agricultural products, textile and textile articles, base metals and articles thereof, electricals and electronic item, plastics and chemicals, wood and articles thereof, and others. 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.
In consideration of trade in services, Indian service providers will have access to around 115 sub sectors from the 11 broad service sectors such as professional services, computer related services, research and development, other business services, telecommunication,construction, distribution, education, environmental, financial, tourism and travel related, recreational, yoga, audio-visual services, and transport services.
India has offered around 95 sub-sectors from the 11 broad services sectors, including professional services, R&D, other business services, telecommunication, financial, distribution, higher education, environmental, health, tourism and travel related services, recreational services and transport services.