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AfricaMoney | August 17, 2017

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Mauritius and Pakistan may sign Free Trade Agreement soon

Mauritius and Pakistan may sign Free Trade Agreement soon

The High Commissioner of Mauritius, Mohammad Rashad Daureeawo added that the island wants to enhance trade relations with Pakistan by launching a ‘Made in Pakistan’ Expo in Mauritius. (Image: Chitral Today)

Mauritius is mulling a Free Trade Agreement (FTA) with Pakistan to enhance trade relations between the two countries, according to reports in the local Pakistani press.

During his visit to the Rawalpindi Chamber of Commerce and Industry (RCCI), the High Commissioner of Mauritius, Mohammad Rashad Daureeawo said to RCCI President Dr Shimail Daud Arain that the island is thinking of signing an FTA with Pakistan.

According to Mohammad Rashad Daureeawo, the island wants to enhance trade relations with Pakistan by launching a ‘Made in Pakistan’ Expo in Mauritius with the cooperation of RCCI.

With easy access to Africa, Mauritius can serve as a platform for Pakistan to showcase its products such as Pakistani furniture, pharmaceuticals, textiles, tiles & sanitary-ware, carpets and mangoes.

As for Shimail Daud Arain, he stated that there is possibility for expansion in trade and that the private sector is responsible for acting as a front-runner to create new opportunities for setting up trade and investments relations.

He added that Pakistani products are perceived to be among the best in the world and might gain popularity in the Mauritian market.

He noted that there is a need to strengthen bilateral trade relations between Mauritius and Pakistan because the current bilateral trade volume is very low, around $40 million.

He concluded on the note that Pakistani products that are produced and exported after value addition from Mauritius will have the opportunity to reach the whole of the African continent.

A Preferential Trade Agreement (PTA) between Mauritius and Pakistan was signed in July 2007, but nothing much was done to leverage it for improving bilateral trade relations.
Besides, a Memorandum of Understanding (MoU) between Mauritius and Pakistan on bilateral consultations was signed in October 2004, and consultation exercises have been carried out periodically.

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