Mauritius Seeks Amendments in Trade Pact with India to Boost FDI

Mauritius' Foreign Minister Dhananjay Ramful calls for amending the trade agreement with India, including the Double Taxation Avoidance Convention (DTAC), to enhance foreign direct investment (FDI) inflows. Following treaty changes in 2016, FDI from Mauritius to India dropped sharply, prompting the call for revisiting the Comprehensive Economic Cooperation and Partnership Agreement (CECPA).

Mauritius is pushing for revisions in its trade agreement with India, focusing on the Double Taxation Avoidance Convention (DTAC) to revive foreign direct investment (FDI), Foreign and Trade Minister Dhananjay Ramful stated.

In a PTI Video interview, Ramful highlighted the need to revisit the Comprehensive Economic Cooperation and Partnership Agreement (CECPA) as FDI from Mauritius has significantly declined since the treaty's 2016 revision.

A second session will soon address these issues, with Mauritius aspiring for the same investment appeal as Singapore. Indian Prime Minister Narendra Modi's upcoming visit could solidify economic ties with significant agreements, according to Indian High Commissioner Anurag Srivastava.

(With inputs from agencies.)