events
GLOBAL TRADE & INVESTMENT OPPORTUNITIES FOR INDIAN INDUSTRY IN MAURITIUS
India has always supported Mauritius’ development, as it is the first African nation to conclude a trade pact with India. The economic cooperation and partnership agreement can completely utilize the business relationships between states. For Indian exporters and importers in Mauritius, a Comprehensive Economic Cooperation and Partnership Agreement (ECCPA) offers a win-win opportunity. It enhances the access of India to goods and eliminates regulatory deficiencies in the service sector by eliminating or decreasing tariffs on goods. The Agreement provides financial access to several of India’s products, including tea, species, sugar, ayurvedics, glasses and many more. In a meeting on global trade and investment opportunities for indigenous industries held in Mauritius,
22 THE TIMES OF AFRICA
the PHD Chamber of Commerce and Industry. Mr Alan Ganoo, Honorable Minister of Foreign Affairs, Regional Integration and International Trade, said that the project would further develop bilateral businesses in the service sector (PHDCCI). Mr. Alan Ganoo said that the continuous links between Mauritius and India’s business communities are vital to unlock vast business potential, particularly as part of the broad economic cooperation and partnership agreement. He quoted India and Mauritius in the development of the projects and pointed out that they pay for our particular relationships. Over the years, our relationship with trade and investment has increased. India is among the most important partners on the Mauritius market, reflecting
the energy of commercial partnerships with foreign direct investment, Indian offices and businesses of different industries. H.E. Mrs. Santi Bai Hanoomanjee, High Commissioner of Mauritius to India while discussing the relationship shared between India and Mauritius, mentioned that CECPA is an essential milestone for fostering trade and economic cooperation among the two countries, and will provide the business sector with new avenues of trade and investment, notably during this global recession. It will give both nations economic recovery. Dr. Narainduth Boodhoo, Director, Trade Policy, Ministry of Foreign Affairs, Regional Integration and International Trade, Mauritius in his presentation on comprehensive economic cooperation and partnership agreement between Mauritius and India discussed Commercial
www.thetimesofafrica.com
