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India start showing signs of a budding superpower - India, Mauritius to jointly survey for hydrocarbons
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It was also agreed that India would not review a bilateral double taxation avoidance treaty, which has come in for criticism following complaints that it was being allegedly misused for hawala or illegal money transfers. These decisions were announced following talks here between visiting Indian Prime Minister Manmohan Singh and his Mauritius counterpart Paul Berenger. Berenger assured Manmohan Singh he would ensure the taxation treaty was not misused and promised to provide a level playing field to Indian investors keen on coming to Mauritius, said Shashi Tripathi, Secretary (West) in the external affairs ministry. The joint survey in Mauritius'' EEZ, the two sides agreed, would not only facilitate research but also joint exploration of potential hydrocarbon reserves. Berenger thanked India for the assistance it had provided in the defence sector and said Mauritius looked forward to receiving more military hardware from New Delhi. Manmohan Singh said India would "happily" extend assistance in this area. The two countries have a long-standing defence cooperation programme, and India has trained helicopter pilots of the National Coast Guard of Mauritius. It has also sold a Dornier surveillance aircraft to the coast guard. The two sides agreed that a high-power negotiating team would be set up soon to frame an economic cooperation and partnership agreement. The team would give shape to the proposed pact within 12 months, said Commerce Secretary S.N. Menon. Some areas like rules of origin, mutual recognition of various laws and trade facilitation will be looked at in detail and a "convergence" arrived at soon, Menon said. Manmohan Singh reiterated during the talks that the two sides would "definitely move towards" a free trade agreement. India and Mauritius Thursday signed four pacts spanning civil aviation to joint efforts to fight international terrorism on the second day of Manmohan Singh's four-day visit. The other two agreements - signed in the presence of Manmohan Singh and Berenger - cover environment protection and a $10 million credit line from the Export-Import Bank of India. Mauritius also extended its support for India's efforts to secure a permanent seat on the United Nations Security Council, Tripathi said. Referring to the civil aviation agreement, she indicated it might not be restricted to India's flag carrier Air-India and that the civil aviation ministry might designate other airlines to avail of slots under the pact. <<PAGE1
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