UPSC Prelims Marathon Quiz

India and Mauritius signed the Comprehensive Economic Cooperation and Partnership Agreement (CECPA) on 22 February 2021. The CECPA is the first trade Agreement signed by India with a country in Africa. Hence, Statement 1 is correct.

The CECPA Agreement is a limited agreement, which will cover Trade in Goods, Rules of Origin, Trade in Services, Technical Barriers to Trade (TBT), Sanitary and Phytosanitary (SPS) measures, Dispute Settlement, Movement of Natural Persons, Telecom, Financial services, Customs Procedures and Cooperation in other Areas.

Nothing in this Agreement shall apply to any direct taxation measure and affect the rights and obligations of either Party under any tax convention. In the event of any inconsistency between this Agreement and any such convention, the convention shall prevail over this Agreement. Hence, statement 2 is incorrect.