The eighth round of the Comprehensive Economic Cooperation and Partnership Agreement (CEPCA) talks between Mauritius and India concluded on Tuesday, almost one year after the first round of Indo-Mauritian talks took place in New Delhi.
The two-day conference in Mauritius centred on trade in goods; trade in services; investment; and economic cooperation.
With regard to trade in goods, the text for the preferential trade area, rules of origin, operational procedures and preferential safeguards were finalized and prepared for signature at a date to be mutually agreed.
Discussions will be pursued on the specific issue of rules of origin for 2 million pieces of garments in addition to 1 million pieces already agreed upon as well as the requests of Mauritius for unlimited access of rum on the Indian market.
The Indian side has also agreed to seek the necessary mandate on the proposal of Mauritius to finalize a Free Trade Area within a period of 4 to 6 months.
Discussions were also held on the request for market access in trade in services by both sides particularly in accounting and auditing, health services, computer and computer related services, tourism, financial services.
A request made by the Mauritian side for Mauritian banks to acquire more than 5% shareholding in Indian banks will be examined by the Indian authorities.
A framework text on investment was also finalized. Mauritius requested that local companies and investors be allowed to invest in India in a number of additional areas such as alcoholic beverages and publishing. The Indian side has agreed to consider these additional requests.
It was reported by the Mauritian government that "considerable progress" was also made on the draft chapter on economic cooperation. It was agreed that the chapter would be finalized at the next meeting. Discussions were also held on specific sectors including ICT, SMEs and health. .
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