Home / Knowledge / News / Textiles / Mauritius seeks FTA with Pakistan
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

Must ReadView All

Textiles minister Smriti Irani at a press conference with minister of state for textiles, Ajay Tamta, the principal director general (M&C), PIB, AP Frank Noronha and other dignitaries. Courtesy: PIB

Apparel/Garments | On 23rd May 2017

Special package for knitwear coming soon: Irani

Union textiles minister Smriti Irani said that the government of...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search