Nath Calls For Greater Cooperation Between India And Mauritius

by Lorys Charalambous, for LawAndTax-News.com, Cyprus

31 January 2008

Kamal Nath, India's Minister of Commerce and Industry on Wednesday called for greater economic engagement between India and Mauritius, following a meeting with M.M. Dulloo, Mauritius's Minister of Foreign Affairs, International Trade and Cooperation.

A Comprehensive Economic Cooperation and Partnership Agreement (CECPA) is currently under negotiation between the two countries, and a Preferential Trade Agreement (PTA) is a component of the proposed CECPA

During 2006-07, India’s total exports to Mauritius stood at $ 736.53 million, as against $ 199.43 million in 2005-06, with a growth rate of 269.31%. Total imports stood at $ 14.51 million in 2006-07, as against $ 7.33 million in 2005-06, with a growth rate of 97.95%.

Total trade between the two countries was $ 751.04 million in 2006-07, against $ 206.77 million in 2005-06, with growth of 263.23%.

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