CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. India And Mauritius Conclude 8th Round Of CEPCA Talks

India And Mauritius Conclude 8th Round Of CEPCA Talks

by Lorys Charalambous, Tax-News.com, Cyprus

11 August 2006


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.


To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »