India, Mauritius agrees to include provisions in trade pact to deal with sudden increase in imports

In order to deal with a sudden increase in imports, India and Mauritius have agreed to include provisions related to the automatic trigger safeguard mechanism in their trade pact. Both sides agreed to the inclusion of the General Economic Cooperation (GEC) chapter and Automatic Trigger Safeguard Mechanism (ATSM) in CECPA (Comprehensive Economic Cooperation and Partnership Agreement).

Under this, if the imports of these products increase at an alarming rate, then after reaching a certain threshold, a country can impose safeguard duties on those items to protect domestic players. The GEC chapter will enable the enhancement of export competitiveness and enlarge the existing scope for collaboration in the fields of investments, financial services, textiles, SMEs, information and communication technology, film production, space technology, and the blue economy.

As per the commerce ministry, both sides have also held deliberations to establish equivalence in certification, skills and licensing requirements of various professional bodies, and explore collaboration and cooperation arrangements between the Ministry of Skill Development and Entrepreneurship and its counterpart in Mauritius on developing skill sets.