The Union Cabinet chaired by Prime Minister Narendra Modi on 12 May 2016 approved to sign the inter-governmental agreement between India and Mauritius.
This is based on cooperation in cooperatives and related fields.
• The agreement between the two countries will be for duration of five years.
• It provides for promoting cooperation through short and medium term programmes.
Both countries also signed a protocol on taxation that amend the convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital gains on 10 May 2016.
• A joint meeting was held on September 2012 in Department of Agriculture, Cooperation & Farmers Welfare followed by Ministerial level meeting after a year in September, 2013.
• It was discussed for the possibility of signing an MoU between the two countries for exchange of legislation governing cooperatives, exchange of information and technicalities pertaining to the cooperative sector, establishment of institutional linkages and deputation of experts under ITEC programme.