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Free Trade Agreement Mauritius

Mauritius benefits from the Generalized Preference System (GSP) offered by Japan, Norway, Switzerland, the United States and the Customs Union of Belarus, Kazakhstan and Russia. Mauritius is a member of the Common Market Free Trade Agreement for South and East Africa (COMESA) and the Southern African Development Community (SADC). The Oceans Commission of India (IOC) brings together Comoros, Madagascar, Mauritius, Reunion and Seychelles to promote diplomatic, economic and trade relations between the islands. Currently, only products traded between Mauritius and Madagascar in accordance with the IOC`s rules of origin are granted duty-free access. Mauritius has a free trade agreement with Turkey and a preferential agreement with Pakistan. Mauritius is also eligible for trade preferences with the European Union under the Interim Economic Partnership Agreement. Mauritius has been ranked in 2018 as the best place to do business in Africa and is expected to achieve developed economy status by 2020. Closer trade and trade relations with China could accelerate this progress. Among the main beneficiaries are trade in steel products, textiles and light industrial products, which are China`s main exports to Mauritius. For its part, China has agreed to export, among other things, sugar produced in Mauritius. The Office of the Prime Minister of Mauritius said the agreement “would form the basis for the opening of an economic and trade office by the Shanghai Economic Development Office and facilitate the promotion of the Mauritian government in the main destination cities, in accordance with the Go East strategy, to explore ways to increase trade and exchange between Mauritius and China.” The Free Trade Agreement between China and Mauritius contains clear guidelines on rules of origin, trade evidence and technical barriers to trade, as well as health and plant health issues. The United States and Mauritius signed a Framework Agreement on Trade and Investment (TIFA) in September 2006. It will be a formal mechanism to resolve bilateral trade issues and strengthen and expand trade and investment relations between the two countries.

The agreement has been in progress since 2017 and is likely part of Mauritius` three-year development strategy until 2021, which aims to shift the island`s dependence on Europe and achieve further economic penetration into ASEAN. The free trade agreement between Turkey and Mauritius essentially provides for the abolition of tariffs on imports and exports of industrial products, as well as quantitative restrictions and measures of equivalent effect, the exchange of concessions on agricultural products, technical barriers to trade, health and pythosanitarian measures, internal taxes, dumping, safeguards , payments, rules of origin and intellectual property rights. It describes the bilateral and multilateral trade agreements to which that country belongs, including with the United States. Includes websites and other resources that allow U.S. companies to get more information about how they can use these agreements. China and Mauritius eventually committed to zero tariffs at 96.3 per cent and 94.2 per cent of the jobs traded. These account for 92.8% of the volume of imports for both countries. China and Mauritius signed a free trade agreement on October 17.

It is China`s first free trade agreement with an African nation. The agreement will allow Mauritius duty-free access to some 8,547 products, or 96% of China`s tariffs. In March 2018, Mauritius signed the agreement establishing the Continental Free Trade Agreement, which came into force in May 2019.

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