India Signs Free Trade Pact With Mauritius, The First Of Its Kind With African Nations
source: NewsX
In one of the significant outcomes of External Affairs Minister S Jaishankar’s visit to Mauritius, India on Monday signed a Free Trade Agreement (FTA) with Mauritius. It is the first such arrangement that India struck with any African country. Mauritius Prime Minister Pravind Jugnauth hailed the Comprehensive Economic Cooperation & Partnership Agreement (CECPA) as “far-reaching” and said that it would unleash new as well as expanded opportunities in trade, goods & services, investment, economic cooperation & technical assistance.
In a joint statement on February 22, Mauritius PM said that the nation aspires to play a greater role in India’s engagement in Africa. Jugnauth said that CECPA will further encourage Indian entrepreneurs to invest not only in Mauritius but also in the entire region consolidating the joint ambition to make the African nation the “center of excellence”.
Mauritius PM said at India-Mauritius joint statement, “As India seeks to step her vast & multilayered cooperation with the African continent, for next edition of India-Africa forum Mauritius aspires to play a greater role in these engagements as a gateway b/w India & Africa. Comprehensive Economic Cooperation & Partnership Agreement is 1st of its kind, signed by India with an African country.
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