In an FTA, two trading partners cut or eliminate duties on majority of goods besides liberalising norms to promote services trade and boost investments.The three-day talks for the agreement, which is officially dubbed as the Comprehensive Economic Cooperation and Partnership Agreement (CECPA), will start from Wednesday, a government official said.94 billion as compared to USD 15.Interestingly, Mauritius is also holding negotiations for a similar pact with China, with which India has a huge trade deficit.New Delhi: India and Mauritius will hold the next round of negotiations from Wednesday for the proposed free trade agreement (FTA), which is aimed at liberalising norms to boost two-way commerce and investments..73 billion in the previous financial year.India exports petroleum products, pharmaceuticals, cereals, cotton and electrical machinery, among others, to Mauritius.During the deliberations, both the sides would discuss issues China Wholesale Socks Knitting Machine related to trade in goods and services.

In 2017-18, India received USD 15.According to experts, India may not get a substantial benefit in the goods sector as Mauritius is a small market, but services sectors such as IT and tourism hold huge potential to enhance economic ties. The island nation exports to New Delhi include iron and steel, pearls and precious/semi-precious stones.1 billion in 2017-18 from USD 900 million in 2016-17.The bilateral trade between the countries increased to USD 1.The island nation is the top source of foreign direct investment (FDI) into India. The trade gap was USD 63 billion in 2017-18.