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Mauritius seeks FTA with Pakistan
15
Mar '16
There is a huge scope for Pakistani products such as textile, cotton, cosmetics, etc in Mauritius, the island nation's High Commissioner to Pakistan Yusuf Elahee on Monday has said.

During a meeting with Rawalpindi Chamber of Commerce and Industry (RCCI) President Mian Humayun Parvez, the High Commissioner said Mauritius wants to enhance trade relations with Pakistan with a Free Trade Agreement (FTA) and would cooperate with RCCI to hold 'Made in Pakistan Expo' in Mauritius to strengthen bilateral trade relations.

He said that business community of both sides must interact with each other to boost trade volume between two countries. According to him, since Mauritius is a gateway to Africa, it therefore offers huge opportunities to Pakistani businessmen desirous of winning those markets.

He said that Mauritius, with its strong textile sector, has been well poised to take advantage of the Africa Growth and Opportunity Act (AGOA). "We would like to share the knowledge and expertise with Pakistani business community," he added.

Elahee pointed out that a preferential trade agreement (PTA) was signed in 2007 between Pakistan and Mauritius but no efforts were made to enhance the bilateral trade relations.

"Mauritius is mulling a free trade agreement with Pakistan in this regard," he said.

RCCI President Humayun Parvez acknowledged that there is a huge scope for expansion in trade and the private sector has the responsibility to be a front-runner in creating new avenues of establishing trade and investments relations. He said that sustainable efforts are needed to boost bilateral trade that is much below the respective potential of the two countries.

The RCCI President said that under the agreement, Pakistan offers concessions to Mauritius on 130 items, whereas Mauritius gives concession on 102 items. "The objective of the PTA was to pave the way for FTA."

Parvez said that current bilateral trade volume between the two countries is around $56 million, which is very low. He agreed with Elahee that it is need of the hour to strengthen bilateral relations. He hoped that frequent exchange of international exhibitions/delegations between both the countries would be a best source of strengthening the relation. (SH)

Fibre2Fashion News Desk – India

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