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India in trade, defense pacts with Mauritius  

Description

Context: India and Mauritius signed a $100 million Defense Line of Credit agreement. It was a part of several understandings, including the Comprehensive Economic Cooperation and Partnership Agreement (CECPA) that was signed between the two countries.

 

Details:

  • The signing of Comprehensive Economic Cooperation and Partnership Agreement is India’s first such agreement with an African country. This will help focus on post pandemic economic recovery.
  • Using the new framework under the CECPA, India and Mauritius would provide preferential access to a number of items like surgical equipment, medicine, and textile products that would cater to market requirements on both sides.
  • Just to illustrate some of the benefits, Mauritius will get preferential access for export of 40,000 tonnes of sugar into India at an early time frame.

 

https://www.thehindu.com/todays-paper/tp-national/india-in-trade-defence-pacts-with-mauritius/article33908824.ece

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