India-Mauritius Relations

Mauritius is inviting Indian Small and Medium Enterprises (SMEs) to set up their units in the island country to capitalise on duty-free export benefit under the African Growth and Opportunity Act (AGOA), an envoy said here. This AGOA offers duty-free shipments to the US market, presenting significant opportunities for Indian businesses, he said. Replying to a question, High Commissioner of Mauritius to India Haymandoyal Dillum said, "Indian industries should make the most of the AGOA agreement with African countries and the US." Dillum, who visited Kolkata on Saturday to attend a programme of the Bharat Chamber of Commerce, encouraged the leather industry to explore value-added opportunities in Mauritius to gain a competitive edge in the US market. The West Bengal leather sector has been facing a slowdown in traditional markets like the US and Europe due to a slowdown in the economy after the COVID-19 pandemic. Leather exports from West Bengal account for approximately Rs 6,000 cr

As a significant highlight of the visit, President Murmu will be the Chief Guest at the National Day celebrations of Mauritius, marking a new milestone in the longstanding friendship

India-Mauritius trade agreement may include safeguard mechanism related provisions to protect the domestic industry from a sudden or unusual surge in imports of goods

Covering limited items of exports between the two nations, the deal could nevertheless help New Delhi enter not both Africa and Europe, without having to sign an FTA with either

The proposed India-Mauritius Comprehensive Economic Cooperation and Partnership Agreement (CECPA) seeks to mutually benefit both the countries in the area of trade in goods and services

Mauritius has not included India in its global tax treaty, removing uncertainties in the minds of taxpayers over provisions of the double taxation avoidance agreement (DTAA) between the two countries.The island country has signed a Multilateral Instrument (MLI) to implement tax treaty-related measures to prevent base erosion and profit sharing (BEPS). It, however, excluded India from this. This has allayed fears among investors that the MLI could have overridden some of the provisions of the DTAA, says Amit Maheshwari of accountants Ashok Maheshwary and Associates. India and Mauritius had amended their DTAA last year, to give Delhi the right to tax capital gains arising from 2017-18 onwards from transactions in shares of an Indian resident company acquired on or after April 1, 2017. For gains arising in the transition period up to end-March 2019, the tax rate is limited to half the domestic one in India, subject to Limitation of Benefit (LOB) provisions. These provisions could have ...

This agreement was among 4 agreements signed by the two countries