Mauritius Prime Minister Navinchandra Ramgoolam today said India has been and remains a time-tested and trusted partner of Mauritius in its socio-economic development and has steadfastly supported it at all times. Addressing the Mauritius-India Business Conclave, Mr. Ramgoolam said circumstances have compelled both countries to embrace uncertainty and to best manage it by strong and reliable partnership. Noting that India is among Mauritius top trading partners and its third source of imports, Mr. Ramgoolam said his country’s commercial ties with India are flourishing, grounded in trust, friendship and mutual respect. He emphasized that the trade figures have grown post the Cooperative Economic Cooperation and Partnership Agreement – CECPA.
Asserting that Mauritius exports to India currently average 50 million US dollars per year, the Prime Minister hoped that the figure would double in the coming years. While encouraging more tourists to visit his country, Mr. Ramgoolam said trilateral cooperation between India, Africa and Mauritius would also prove beneficial for the progress of both nations. He added that Mauritius is committed to being India’s most proactive and supportive partner while also being one of India’s largest sources of foreign direct investment.
Stating that India is being significantly impacted by punitive tariffs and trade war, the Mauritius Prime Minister said the global economic order is in a state of chaotic instability and unpredictability. He added that the rise in protectionist policies, escalating tensions among major economies, persistent supply chain disruptions, escalating freight costs and climate-related shocks are compounding the exposure to multiple risks. Mr. Ramgoolam however reiterated that the bond between Mauritius and India is eternal and would continue to grow stronger, irrespective of global developments
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