Explanation:

Recently, the Union Cabinet chaired by the Prime Minister of India has approved signing of the Comprehensive Economic Cooperation and Partnership Agreement (CECPA) between India and Mauritius.

• The India-Mauritius CECPA will be the first trade Agreement to be signed by India with a country in Africa.
• The 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
• CECPA provides for an institutional mechanism to encourage and improve trade between the two countries.
• Both sides have also agreed to negotiate an Automatic Trigger Safeguard Mechanism (ATSM) for a limited number of highly sensitive products within two years of the Signing of the Agreement.

Hence only statement 2nd is correct.