It emerged this week that technical-level talks between Mauritius and India over the planned Comprehensive Economic Cooperation and Partnership Agreement (CECPA) have been completed, meaning that the formal approval of the two governments can now be sought.
According to reports in the regional media, a preferential trade area will initially be created under the auspices of the new agreement, eventually leading to the signing of a Free Trade Agreement (FTA) between the two countries.
In addition, the Indian authorities have reportedly pledged to assist Mauritius in becoming a regional 'knowledge hub'.
The two delegations, which met in Delhi, were led by Anil Gujadhur, managing director of the Bank of Mauritius, and chief economic adviser to the Indian Finance Minister, Dr Ashok Lahiri.
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