The proposed free trade agreement between India and Mauritius is nearing finalisation as both the sides have concluded the negotiations for the pact.
Mauritius wants to sign a free trade agreement with the Eurasian Economic Union "in the near future," Paramasivum P. Vyapoory, the acting president of the island nation said.
China and Mauritius signed a free trade agreement (FTA), the first FTA between China and an African country, according to the Ministry of Commerce (MOC).
Mauritius will sign a free trade agreement with China, it’s second biggest supplier, providing duty-free access to the Asian market for 8,547 products, the Prime Minister’s Office said in a statement on its website.
India and Mauritius are close to finalising the proposed bilateral free trade agreement that got delayed due to apprehensions amongst domestic players in both countries.
India and Mauritius discussed initiatives to strengthen bilateral ties including the early finalisation of the Comprehensive Economic Cooperation Partnership Agreement (CEPCA).
Mauritius is also holding negotiations for a similar pact with China, with which India has a huge trade deficit.
Both sides signed a memorandum of understanding on wrapping up the talks, leading to the first free trade agreement between China and an African country.
The FTA is expected to be finalised by the end of August this year. It will be signed in Beijing in September 2018.
Mauritius is the first African country that launched the FTA negotiations with China; MoU over the Belt and Road Initiatives is under negotiation.
India is hopeful that a bilateral trade agreement with the country could open the doors wider to the entire continent.
The three-day discussions comprise sessions on trade in goods and services; sanitary and phyto-sanitary measures; technical barriers to trade; requests lists; rules of origin and finalisation of economic cooperation chapter.
India and Mauritius has concluded the second round of negotiations for the proposed free trade agreement (FTA), aimed at boosting bilateral trade and investments.
The government has spent over Rs2 billion to win a case in the international court over the acquisition of assets of Progas Pakistan Limited company – worth Rs2.3 billion.
Last year, Pakistan won a case against the UK-based shareholder of Progas Pakistan in the International Centre for Settlement of Investment Disputes.
Agreement of strategic importance to counter Chinese presence in the Indian Ocean.
The decision to restart negotiations on India-Mauritius free trade agreement (FTA) follows a double taxation avoidance agreement (DTAA) signed last year.
Un deuxième Memorandum of Understanding vient d’être signé entre Maurice et la Chine pour aboutir à un accord de libre-échange.
China takes FTAs as a platform for opening wider to the world and an effective approach to integrate into the global economy and strengthen cooperation with other economies.
It is likely that the Antrix case — which could see the Government of India paying $1 billion if it loses — would have had a different outcome had the new model BIT been at issue.