India in trade, defense pacts with Mauritius Â
Context: India and Mauritius signed a $100 million Defense Line of Credit agreement. It was a part of several understandings, including the Comprehensive Economic Cooperation and Partnership Agreement (CECPA) that was signed between the two countries.
Details:
- The signing of Comprehensive Economic Cooperation and Partnership Agreement is India’s first such agreement with an African country. This will help focus on post pandemic economic recovery.
- Using the new framework under the CECPA, India and Mauritius would provide preferential access to a number of items like surgical equipment, medicine, and textile products that would cater to market requirements on both sides.
- Just to illustrate some of the benefits, Mauritius will get preferential access for export of 40,000 tonnes of sugar into India at an early time frame.