Pakistan and Mauritius sign PTA
Reports indicate that a preferential trade agreement (PTA) has been signed by officials from Pakistan and Mauritius. The PTA takes effect from November 30 and is expected to boost trade between the two nations.
Pakistan is offering a 50% margin of preference for certain products such as flowers and soap, while a 35-50% margin of preference and a quota ranging from 200,000 to 300,000 pieces has been applied to 66 ready made textile items.
Meanwhile, Mauritius has offered a margin of preference ranging from 15-30% for the first year of the PTA on 102 items including textile furnishings, bed linen and carpets. This margin of preference will increase to between 50% and 100% from November 30, 2008.
Pakistan sees Mauritius as an important potential export destination, as well as viewing the country as a gateway to the African market.
