The CECPA forum was launched officially at the commemoration of the 75th anniversary of the inception of Diplomatic Relations between the Republic of India and the Republic of Mauritius.
Mauritius – India In Celebration Of 75 Years Of Privileged Diplomatic Relations
The CECPA forum was launched officially at the commemoration of the 75th anniversary of the inception of Diplomatic Relations between the Republic of India and the Republic of Mauritius.
The CECPA forum was launched by the prime minister of the Republic of Mauritius, Honourable Pravind Kumar Jugnauth, on September 13, 2022. The event took place at Le Meridien, Pointe aux Piments.
The event was jointly organised by Regional Integration and International Trade, Economic Planning and Development, The Ministry of Finance, the Economic Development Board, and the Ministry of Foreign Affairs in collaboration with the High Commission of India in Mauritius.
Around 400 guests were in attendance at the high-level forum. In participation was Hon Alan Ganoo, High Commissioner of India to Mauritius, Her Excellency Mrs K. Nandini Singla, and others.
The purpose of the CECPA forum is to showcase the opportunities of the agreement and a view to help strengthen trade cooperation between Mauritius and India.
The Prime Minister, while delivering the keynote address, underlined that the signing of the CECPA between Mauritius and India was the culmination of years of intense negotiations.
He expressed his gratitude to the Government of India and especially the Prime Minister of India, Shri Narendra Modi, for his steady commitment to materialising this agreement.
The Prime Minister highlighted that the CECPA between Mauritius and India forms part of a larger strategy of the government to expand the economic horizons of the country and play an essential part in facilitating cross-border trade and investments.
The Prime Minister urged economic operators to avail of the expertise of the Economic Development Board to facilitate their project. He added that EDB would play an essential part in charting the future economic architecture of a prosperous country.
The welcome address by Dr. the Hon Renganaden Padayachy, Minister of Finance, Economic Planning and Development, emphasised the remarkable performance of Mauritian exports to India, which surpassed MUR 1.3 billion in the first semester of the year 2022.
The Minister of Finance also added that the CECPA is an instrument for opening new opportunities for businesses in the country.
The CECPA came into existence on April 1, 2021, and since then, the bilateral trade has witnessed an increase of 69%, from USD 465.5 million to USD 786.7 million in 2021-2022.
The inaugural ceremony came to a conclusion with the official launching of the logo, which marked the 75th Anniversary Celebration of the Establishment of Diplomatic Relations between Mauritius and India and an EDB Booklet that provides a complete overview of the CECPA opportunities.