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Wednesday, 03 March 2010

Mauritius in talks with EFTA on economic cooperation

Mauritius is currently holding talks with the European Free Trade Association (EFTA) in order to reach an agreement on economic and commercial cooperation, according to APA in the Mauritian capital Port Louis on Tuesday, 23 February. Sources at the Ministry of Trade and Commerce have indicated that Mauritius hopes to conclude an agreement with EFTA similar to the Economic Partnership Agreement which Mauritius signed with the European Union. The sources added that the ambassadors of the different countries that form the EFTA, namely Norway, Switzerland, Island and Liechtenstein, had already signed a Declaration of Cooperation (DoC) between Mauritius and EFTA in June 2009 in the presence of EFTA Deputy Secretary-General, D. Chambovey. The agreement aims to strengthen economic ties between EFTA and Mauritius in the trade of goods and services, as well as investments, the sources said.
Another objective is to facilitate the commitment of the private sector – in particular small and medium-sized enterprises of signatory parties – to promote commercial trade. According to the sources, Mauritius feels that the time is now ripe to sign a comprehensive agreement with EFTA.

Source: Afrique Avenir

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