CECPA

Along with the help of proper legal comprehension and advisory management, the trading agreement between India and Mauritius is established on the year of 1st April 2021. The proper limitation methodology of a business is associated with is initiated within this agreement, such as origin rules, goods in trades, dispute Settlement, financial development, custom-related procedures, and so on. The process of improvement and encouragement of trade development is associated with the India-Mauritius agreement CECPA for the improvement of international relations. Total 310 export items are managed within this agreement to manage the better mechanism of trade. The total perspective is based on better initiation over economical development with both of the country’s trade procurement. 

Background of the comprehensive economy of India-Mauritius

According to the Joint Study Group (JSG), it is stated that the CECPA and its requirements were discussed from 2003 for the better development procurement of the trade management. From the identification of the investment process or service cooperation, everything is a matter of concern within this time to stabilize the trading procedure between the economy of the two countries. In November 2004 the potential strategy was tried to evolve within this time for better management in this trade agreement.  In the year 2005, the PM of India visited Mauritius and he conveyed the report of JPG for the further potential of a negotiated trade agreement. The report that comes from PM’s statement is the empowerment of any team is the most important requirement for any agreement and trade it is associated with comprehension of better partnership management and that is exactly concerned for CECPA along with better comprehensive management. The initiative for better trading procurement was taken into place in 2003 and this was ultimately established in 2021. In the entire process, several negotiations or the convention were evolved to manage the best standardization of trade agreements with different countries to enhance the economical capability of India. 

Major components of CECPA

As an important trade milestone, CECPA is trying to achieve the best economic cooperation for both of the countries with the potential of best agreement initiatives. The 1.3 billion Mauritius market has become accessible for India. The agreement is associated with the three major components and those are 

• Trade-in Goods: In this process, Mauritius will get the authority to access the 615 duty-free products of India for better economical assessment. The tariff quota or several market accesses are matters of concern for Mauritius and they get export interest within various products. CECPA certification assessment is signed by the authority of both countries to get the best advantages of this agreement during its practice. The foreign affairs ministry, the regional integration authority is highly responsible for the advanced practice of the CECPA. Tariff  Rate Quotas management and the Tariff preferences development is one of the main criteria of this agreement which is associated with the better business policy for both of the countries along with future advancement. The Agreement is a limited agreement, which will cover Trade in Goods, Rules of Origin, Trade In Services, Technical Barriers to Trade (TBT), Sanitary and Phytosanitary (SPS) measures,Dispute Settlement, Movement of Natural Persons, Telecom, Financial services, CustomsProcedures and Cooperation in other Areas.

• Trade-in Services: Along with 94-service sector accessibility, CECPA agreement is the best trade marking initiative that is taken by the Indian government to strengthen the international relationship with Mauritius. From professional to financial service management this agreement framework is associated with the educational and professional qualification recognition process of these two countries to enhance marketing in various sectors (accounting, auditing, and so on)

• Economic Cooperation: Economic cooperation is incomplete without the help of proper negotiation development within any sector of the country. This plays an important role for CECPA in terms of strengthening the business bond between the two countries for better business collaboration along with manufacturing, SMEs, and other sectors. 

Some factors about CECPA

• In the presence of the Indian affairs minister Mr. S. Jayshankar the CECPA agreement was signed in the year 2021, 22 February. This is the first ever trade agreement that is initiated between the Indian and African continents. 
• From the trading of the goods, service to the technological barrier development between two countries everything is a matter of concern of this agreement. 
• A high range of the business benefits is associated with the CECPA and from duty-free access to the reduced duty program; economical development is the main concept that this agreement is associated.
• Several credit lines are extended by India for Mauritius and they offer various projects that are associated with better infrastructure or better human resource development. 

Conclusion

CECPA is all about a business agreement between two countries (Mauritius and India) to develop the trading management of these two countries along with some diplomacy. This agreement is established in 2021. Both countries get easy access to over 1000 products to manage their trading initiative. This agreement and its development over the trading procurement are tried to develop a best-progressed International relationship management between these two countries. Rather than any drawbacks, mostly this agreement is the initiation of the development of trading procurement for both of the countries. With the assistance of PM Narendra Modi of India, this agreement has proceeded.