Trade Agreements Mauritius

// 13 апреля 2021 // Без рубрики

The United States and Mauritius signed a Framework Agreement on Trade and Investment (TIFA) in September 2006. It will be a formal mechanism to resolve bilateral trade issues and strengthen and expand trade and investment relations between the two countries. It describes the bilateral and multilateral trade agreements to which that country belongs, including with the United States. Includes websites and other resources that allow U.S. companies to get more information about how they can use these agreements. In March 2018, Mauritius signed the agreement establishing the Continental Free Trade Agreement, which came into force in May 2019. The Mauritian government and the People`s Republic of China concluded negotiations for a free trade agreement in September 2018. The agreement was signed by both countries, but will not enter into force until it has been ratified. Mauritius also signed an agreement with the UK in January 2019 to preserve the trade preferences it currently enjoys under the Interim Economic Partnership Agreement (IEPA) with the European Union. The new agreement, known as the EPA Agreement (UK and ESA), is expected to enter into force on 1 January 2021. Negotiations for a preferential trade agreement with Indonesia and a Comprehensive Economic Partnership Agreement (CECPA) with India are underway. In addition, Mauritius and four other comea countries began negotiations in October 2019 to expand the iEPA.

Mauritius is entitled to commercial benefits under the African Growth and Opportunity Act (AGOA), which provides duty-free and quota-free access to the U.S. market for more than 6,000 eligible products from sub-Saharan Africa. For more information about AGOA, contact us online. The export of clothing from Mauritius to the United States from fabrics imported from any country is exempt from customs duties under the AGOA Third Country Fabric Commission. In 2015, the United States extended AGOA until September 30, 2025. In July 2020, the World Bank classified Mauritius as a high-income country, but added that the economic impact of the Covid 19 pandemic would likely degrade Mauritius` rating in July 2021. High income status triggers AGOA graduation after a two-year grace period. Mauritius benefits from the Generalized Preference System (GSP) offered by Japan, Norway, Switzerland, the United States and the Customs Union of Belarus, Kazakhstan and Russia.

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