Industry & Economy
-
Taxation
Mauritius Govt revitalises anti-money laundering outfit
Our Bureau
Mumbai Dec. 5
THE Mauritius Government has revitalised its anti-money laundering outfit, the Financial Intelligence Unit (FIU), to check potential abuse of the double-taxation treaty, according to Mr Sushil K.C. Khushiram, Mauritius Minister for Economic Development, Financial Services and Corporate Affairs.
He told presspersons here that if India also sets up an exclusive outfit for anti-money laundering, as was being planned, a new channel of communication would open by between the two countries, as the FIUs of both the countries would work in close coordination.
He said bilateral trade between the two countries, which registered a lull during the July to August period, in the wake of the general downturn of the world economy, has begun to pick up again.
He said with the two countries agreeing to commence negotiations for January for a comprehensive trade treaty, which would eventually lead to a Free Trade Agreement (FTA), economic cooperation between the two countries would significantly increase.
In response to a question, he said Indian IT companies were showing interest in setting up shop in Mauritius, with many companies such as Satyam Computer entering into a joint venture with a Mauritius company. He pointed out that Wipro had also shown interest in entering Mauritius.
Article
E-Mail
::
Comment
::
Syndication
|
