Latin Manharlal Chat
BSE Prices delayed by 5 minutes...
     Prices as on Feb 25, 2021     
  ABB India 1536.55 [ -1.76% ]
  ACC 1801.6 [ 4.36% ]
  Axis Bank Ltd. 770.8 [ 2.94% ]
  Bank of Baroda 89.9 [ 1.24% ]
  Bharti Airtel 579.15 [ 1.06% ]
  Bharat Heavy Ele 47.2 [ 9.90% ]
  Britannia Ind. 3405.6 [ 0.14% ]
  Cipla 809.1 [ 2.48% ]
  Coal India 156.35 [ 8.24% ]
  Colgate Palm. 1571.8 [ 1.11% ]
  Dabur India 509 [ 0.92% ]
  DLF Ltd. 314.55 [ 0.35% ]
  Grasim Inds. 1271.85 [ 1.88% ]
  HDFC 2684 [ -0.82% ]
  HDFC Bank 1605.75 [ -0.03% ]
  Hero MotoCorp 3435.7 [ -0.15% ]
  ICICI Bank 627.95 [ -2.10% ]
  IDFC L 56.4 [ 0.71% ]
  Indian Hotels Co 119.35 [ -0.54% ]
  IndusInd Bank 1109.75 [ 3.70% ]
  Infosys 1274.75 [ 0.05% ]
  ITC Ltd. 209.15 [ 0.17% ]
  Jindal St & Pwr 344.8 [ 1.70% ]
  L&T 1506.6 [ -1.20% ]
  Lupin Ltd. 1023.45 [ 1.57% ]
  Mahi. & Mahi 859.4 [ 1.05% ]
  MTNL 12.87 [ 7.97% ]
  Nestle India 16114.35 [ -1.45% ]
  NIIT Ltd. 198.05 [ -0.33% ]
  NMDC Ltd. 128 [ 3.43% ]
  NTPC 107.95 [ 4.55% ]
  ONGC 119 [ 4.66% ]
  Punj. NationlBak 41.9 [ 0.12% ]
  SBI 407.25 [ 0.27% ]
  Vedanta 207.95 [ 1.59% ]
  Shipping Corpn. 100.45 [ -0.05% ]
  Sun Pharma. 609.7 [ 1.19% ]
  Tata Chemicals 732.8 [ 9.27% ]
  Tata Steel 742.9 [ 1.82% ]
  Tata Power Co. 96.05 [ 2.29% ]
  Tech Mahindra 957.8 [ -0.21% ]
  United Spirits 544.5 [ -1.13% ]
  Wipro Ltd 421.4 [ 0.29% ]

News Details

India, Mauritius ink free trade pact

Back
23/02/2021 16:54
India and Mauritius have signed a free trade agreement, under which over 300 domestic goods from agriculture, textiles, electronics and other sectors will get market access at concessional customs duties in the African nation, an official statement said on Tuesday. According to a commerce ministry statement, Commerce Secretary Anup Wadhawan and Ambassador Haymandoyal Dillum, Secretary of Foreign Affairs, Regional Integration and International Trade, Government of Mauritius, signed the India-Mauritius Comprehensive Economic Cooperation and Partnership Agreement (CECPA) in Port Louis on Monday.

It was signed in the presence of Prime Minister of Mauritius Pravind Jugnauth, and India"s External Affairs Minister S Jaishankar, it added.

CECPA is the first trade agreement signed by India with a country in Africa, the ministry said.

"The agreement will come into force at an early date," it added.

The Union Cabinet on February 17 had approved signing of this pact. Mauritius will benefit from preferential market access into India for its 615 products, including frozen fish, speciality sugar, biscuits, fresh fruits, juices, mineral water, beer, alcoholic drinks, soaps, bags, medical and surgical equipment, and apparel.

In a free trade agreement, two trading partners cut or eliminate customs duties on a host of products besides liberalising norms to promote services trade.

The bilateral trade between the countries dipped to USD 690 million in 2019-20 from USD 1.2 billion in 2018-19. While India"s exports in 2019-20 aggregated to USD 662 million, the imports stood at USD 27.89 million