PORT LOUISE, Mauritius— The government of Mauritius and India have signed a comprehensive economic cooperation partnership deal on Monday, the first bilateral ties signed by India with an African country.
India offered a $100 million line of credit to Mauritius to procure defence assets ahead of the commencement of CECPA that will eliminate or cut duties on various products besides liberalizing norms to promote service trade between the two countries.
The announcements were made after Mauritius Prime Minister Pravind Jugnauth and India External Affairs Minister S Jaishankar held talks. The foreign minister is on a two-day visit to Mauritius following his visit to Maldives.
“India has given its unflinching support right from the beginning of our struggle. I have the opportunity again to thank India for its continued support for the resolution of the matter. Prime Minister Jugnauth said.
“In accordance with the international law, and to reiterate, that the completion of the decolonization process of Mauritius will have new implications for the maintenance of defence operations,” he added
The Prime Minister noted that the agreement is far-reaching and will unleash new and expanded opportunities in trade, goods and services. CECPA will encourage Indian entrepreneurs to invest both in Mauritius and across the whole region.
On his part, the India External affairs minister said, “India is privileged to have entered into a Comprehensive Economic Cooperation and Partnership Agreement (CECPA) with Mauritius.
It will provide a timely boost for the revival of our post-Covid-19 economies and also enable Indian investors to use Mauritius as a launch-pad for business expansion into continental Africa helping the prospect of Mauritius emerging as a ‘hub of Africa’.”
“SAGAR policy reaffirmed. Pleased to witness, along with PM @JugnauthKumar, the exchange of USD 100 million Defence Line of Credit. Will facilitate procurement of defence assets, guided by the needs of Mauritius,” Jaishankar added on a post on Twitter after meeting the Prime Minister.
According to the partnership, Mauritius will export 615 products to India including frozen fish, speciality sugar, biscuits, fresh fruits, juices, mineral water, beer, alcoholic drinks, soaps, bags, medical and surgical equipment, and apparel.
In return, India will trade 310 items, including foodstuff and beverages, agricultural products, textile, base metals, electricals and electronic items, plastics, and chemicals.
India has been supporting the Indian Ocean Island Country in several ways. Besides the $100 Million defence line of credit, an agreement has also been signed on providing for a Dornier aircraft and an Advanced Light Helicopter Dhruv on lease to Mauritius on a grant basis for two years.
This will help in the country’s capabilities to patrol and monitor its vast maritime domain more effectively.
India also gave 100,000 doses of Covid-19 vaccines to the country.