Comprehensive Economic Cooperation And Partnership Agreement (Cecpa)

“At present, we have a number of comprehensive partnership agreements with countries around the world and we are in the process of concluding a CECPA with Mauritius,” Goyal told the CII-EXIM Bank Digital Conclave on India Africa Project Partnership. The cabinet will soon consider for approval the proposed free trade agreement between India and Mauritius, which aims to liberalize standards to promote trade and investment in both directions, an official said. In a free trade agreement, two trading partners reduce or eliminate tariffs on most goods and liberalize standards to promote trade in services and stimulate investment. “The cabinet would soon accept the agreement for review. Once approved, a date would be set for the signing of the agreement, after which it will be implemented,” the official said. In order to further deepen their historic relations, India and Mauritius would soon denounce a preferential trade agreement (PTA). The India Mauritius Comprehensive Economic Cooperation and Partnership Agreement (CECPA) covers goods, services, investment and economic cooperation. In order to promote trade and economic relations between India and Africa, the Ministry regularly reviews trade relations through institutional mechanisms such as joint commission meetings, joint trade committees and joint working groups. . . .