So many Indian exports will benefit from greater market access and lower tariffs in Mauritius when the two countries’ free trade agreement takes effect on April 1, the commerce ministry announced on Wednesday. The Comprehensive Economic Cooperation and Partnership Agreement (CECPA), a form of free trade agreement, was signed by India and Mauritius on February 22.
Food and drinks, agricultural goods, textiles and clothing articles, base metals, computer / electronic items, plastics and chemicals, and timber are among the 310 export items covered by the agreement. Mauritius will obtain preferential market entry into India for 615 products, including frozen seafood, specialty sugar, biscuits, fresh fruits, juices, mineral water, beer, alcoholic beverages, soaps, containers, medical and surgical supplies, and clothing, according to the release.
It claimed that Mauritius would benefit from preferential market entry into India for its 615 goods, which include frozen fish, specialty sugar, biscuits, fresh fruits, juices, mineral water, beer, alcoholic beverages, soaps, bags, medical and surgical devices, and clothing. In terms of service exchange, Indian service providers will have access to approximately 115 subsectors, including technical services, computer-related services, research and development, telecommunications, construction, education, environmental, banking, tourism, yoga, and audio-visual.
India, on the other hand, has about 95 sub-sectors from its 11 diverse service sectors, such as R&D, telecommunications, banking, delivery, higher education, environmental, health, and transportation facilities To take advantage of the agreement’s preferential advantages, Indian exporters must receive a Certificate of Origin (CoO) from approved Indian agencies.
This credential must be presented by the exporter at the importing country’s landing port. It is essential to provide this paper in order to demand duty reductions under a free-trade agreement. It’s important to show where their products come from.