TIMES NEWS NETWORK, 15 AUGUST 2005
Mauritius in talks for economic pact
NEW DELHI: With the recent signing of the India-Singapore comprehensive economic cooperation agreement (CECA) which threatens to reduce the importance of Mauritius as the investment gateway to India, Port Louis has began talks with New Delhi on a similar deal.
India and Mauritius held the first round of talks on a comprehensive economic cooperation and partnership agreement (CECPA) here last week. The meeting took place between the empowered committees of the two sides in keeping with the decision taken during the visit of PM Manmohan Singh to Mauritius in March-April. The Indian delegation was headed by commerce secretary SN Menon and the Mauritian side was led by secretary of foreign affairs Anand Prijay Neewoor.
According to a joint statement issued, the two sides discussed the modalities of CECPA. Both sides recognised that investment and economic cooperation would be a key plank of CECPA.
They noted that though Indian investments in Mauritius has been increasing in recent past, these continue to be well below their potential.