India and Mauritius concluded the second
round of negotiations for the proposed free
trade agreement (FTA), aimed at boosting bilateral trade and investments.
The three-day talks for Comprehensive Economic
Cooperation and Partnership Agreement (CECPA) started in New Delhi on April 16,
a government official said.
During the deliberations, trade in goods,
services besides economic cooperation were discussed.
In an FTA, two trading partners cut or eliminate
duties on majority of goods besides liberalizing norms to promote services
trade and boost investments.
Sources said, India may not get huge benefit in
goods sector as Mauritius is a small market, but services sectors such as IT
and tourism hold huge potential to enhance economic ties.
Island nation Mauritius is the top source of
foreign direct investment (FDI) into India. In 2016-17, India received $15.72
billion. The bilateral trade between the countries stood at about $900 million