It emerged last week that the Indian authorities have rejected the possibility of establishing a free trade agreement (FTA) with Mauritius, after the Commerce Department expressed concern that such an arrangement could result in the jurisdiction becoming a re-export centre for third countries seeking to take advantage of the agreement.
This announcement is likely to have come as something of a disappointment for the Mauritian government, which had hoped that an FTA would be the next logical step following the recent conclusion of technical-level talks on the Comprehensive Economic Cooperation and Partnership Agreement (CECPA) between the two countries.
However, speaking to the regional media, Indian government sources revealed that while there was no prospect of reviving the possibility of FTA negotiations, all was not lost.
"The proposed CECPA is on track and we may offer a preferential trade agreement (PTA) instead of the FTA sought by Mauritius," one Indian newspaper was told by an unnamed source close to the proceedings.
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