Indian Economy News

1st Session of India-Mauritius High-Powered Joint Trade Committee, under the India-Mauritius Comprehensive Economic Cooperation and Partnership Agreement, successfully held

The India-Mauritius High-Powered Joint Trade Committee met for the first time on August 1–3, 2022, in New Delhi. The meeting was co-chaired by Mr. Narainduth Boodhoo, Director, Trade Policy, Ministry of Foreign Affairs, Regional Integration and International Trade, Government of Mauritius, and Dr. Srikar K Reddy, Joint Secretary, Department of Commerce, Ministry of Commerce and Industry of India, Government of India. Senior representatives of the appropriate Government agencies from both nations attended the meeting.

According to the Comprehensive Economic Cooperation and Partnership Agreement (CECPA) between India and Mauritius, which came into effect on April 1, 2021, the High-Powered Joint Trade Committee was established to review the CECPA's general operation and implementation. The CECPA is the first trade pact that India has signed with an African nation.

Both sides agreed to strengthen their bilateral cooperation in order to increase bilateral trade and realise the full potential of the bilateral relationship. This was in light of the growth in the bilateral merchandise trade between India and Mauritius, which increased to US$ 786.72 million in 2021–22 from US$ 690.02 million in 2019–20.

Both parties expressed willingness to enter into a Customs Mutual Administrative Assistance Agreement (CMMA) and agreed to initiate discussions for the same soon.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.