India and Mauritius to Expand Trade Ties

The Union Minister of Commerce, Industry and Textiles Shri Anand Sharma today met Mr. Arvin Bollel, Mauritian Minister of Foreign Affairs, Regional Integration and International Trade on 6JUL12.

A Memorandum of Understanding (MoU) was signed earlier this year between the two countries which envisaged the consolidation of the textile and clothing industry, enhancing  trade and economic relations while also aiming to share best practices and transfer technology.

Perhaps more importantly, the two Ministers also agreed to hasten the Preferential Trade Agreement (PTA) negotiations supporting deeper economic integration.

Beyond petroleum products, India`s main exports to Mauritius in 2010-11 were cotton, pharmaceuticals, cereals, carpets, electrical machinery and equipment parts, apparel and clothing accessories. India is also a major supplier of cotton to Mauritius` textile industry while also supplying a significant portion of Mauritius` basmati and non-basmati rice requirements.

India has been the largest source of imports for Mauritius since 2007.

The bilateral trade between India and Mauritius in 2011 was US$ 1.395 billion as compared to US$ 0.687 billion in 2010.

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