Mauritius And Pakistan Implement Trade Agreement
Pakistan and Mauritius took a major step towards a forming a free trade area
at the end of November when tariff reductions came into effect across a wide
range of items under a Preferential Trade Agreeent which had been signed on
July 30. Tariffs have been slashed by between 50% and 100% on 130 types of Mauritian
export to Pakistan, including textiles, flowers, fruit, tea, sugar and seafood,
while comparable Mauritian tariffs have been cut by between 15% and 30% for
102 types of import. Further reductions will come into effect on November 30, 2008, and the intention
is to convert the PTA into a Free Trade Agreement within two years. The tariff reductions apply only to items which conform to the Rules of Origin
agreed by the two countries under the PTA, which had been ratified by the Pakistan
Cabinet on November 7. .
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