AGP Executive Report
Last update: 8 hours agoMauritius-US trade calendar: The U.S.-Africa Business Summit has been rescheduled to December 6–9, 2026 in Mauritius, after earlier postponement linked to the Ebola situation in Central Africa, with organisers expecting 2,500+ delegates and a renewed push for U.S.-Africa trade and investment. Fuel policy with Mauritius link: India revised its windfall gains export duties effective July 1, cutting diesel (to Rs 8.5/litre) and ATF (to Rs 7.5/litre) while raising petrol (to Rs 4/litre); importantly, exemptions for public-sector oil exports were expanded to include Mauritius (and the Maldives), while domestic excise duties stay unchanged. Airline cost relief: India also cut domestic ATF by Rs 5/litre to about Rs 110, offering near-term relief to carriers, though immediate airfare drops are not guaranteed. Digital payments momentum: India’s UPI hit 23% year-on-year growth in June to 22.72 billion transactions, and UPI is now live in Greece—another step in cross-border payments that already includes Mauritius. Luxury marine business: Maritimo appointed KJM Marine as its exclusive dealer across the GCC and selected Middle East/Indian Ocean territories, including Mauritius and the Seychelles, with full sales and after-sales support.
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