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Trade pact with Mauritius may go live by end of the year

PM Jugnauth says CECPA builds on the successful renegotiation of the DTAA

Mauritius
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Union Minister for Railways Suresh Prabhakar Prabhu meeting the Prime Minister of the Republic of Mauritius, Pravind Kumar Jugnauth, in New Delhi (Photo: PIB)

Subhayan Chakraborty New Delhi
After announcing last year that it was willing to revive talks on a trade pact with India, Prime Minister of Mauritius Pravind Kumar Jugnauth had expressed hope of its completion.

In India on a bilateral visit, Jugnauth on Friday said the Comprehensive Economic Cooperation and Partnership Agreement (CECPA) builds on the successful renegotiation of the double-taxation avoidance agreement (DTAA).

After long drawn negotiations, the amendment to the 1983 Double Taxation Avoidance Convention (DTAC) was signed by India and Mauritius last May. With the changes, India can impose capital gains tax on investments routed through Mauritius.

While the draft of the CECPA is expected