Mauritius-India Talks on Trade: Arvin Boolell Announced an Emergency Meeting

11 years, 3 months ago - January 15, 2013

Mauritius-India Talks on Trade: Arvin Boolell...

An articles in the Indian press that the Great Peninsula suspends talks on future commercial treaty with Mauritius, has caused some tremors in Port-Louis. The Foreign Minister, Arvin Boolell, announced an emergency meeting.

Arvind Boolell wanted to be reassuring, however, from the publication of this information. The negotiations were not deferred or suspended, insisted the Mauritian Foreign Minister, after allegations of Business Standard. The Indian newspaper maintains, indeed, that "India has decided to formally suspend negotiations to finalize an agreement with Mauritius liberalization. She warned that Maurice will not resume negotiations as long as Mauritius does not accelerate the review of the non-double taxation (DTAA) with India. "

This information is embarrassing to Port Louis. Hence the eagerness of Foreign Affairs will take this matter clear. A meeting is announced for Tuesday, January 15, with the Financial Services Commission, the Board of Investment and other institutions.

Meanwhile, the Indian Minister of Finance Palaniappan Chidambaram announced that the entry into force of the General Anti-Avoidance Rules (GAAR) has been postponed to April 2016, when she was scheduled for April 2014. The GAAR is an instrument that the Indian government intends to entrust to counter tax abuse by Indian investors tax exemption offered by the DTAA.

Text by lexpress.mu

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