Mysql replication issue

I am creating Master Slave Replication. Master Configuration is as below

server-id=1
log-bin=mysql-bin
binlog_format=ROW

Created The user and Assign the Replication Privilege.

GRANT REPLICATION SLAVE ON . TO 'slaveuser'@'%' IDENTIFIED BY 'password'; Flush Privileges;

Slave Configuration:

server-id=2
relay_log=relay-log
skip-slave-start

CHANGE MASTER TO 
MASTER_HOST='master Ip',
MASTER_USER='slaveuser',
Master_Port=8801;
MASTER_PASSWORD='password',
MASTER_LOG_FILE='mysql-bin.000010',
MASTER_LOG_POS=107;

starting the slave

Start Slave

Its Not able to connect with master its raised an error as below.

Slave_IO_State: Connecting to master
                  Master_Host: Master Ip
                  Master_User: slaveuser
                  Master_Port: 8801
                Connect_Retry: 60
              Master_Log_File: mysql-bin.000010
          Read_Master_Log_Pos: 107
               Relay_Log_File: mysql-relay-bin.000001
                Relay_Log_Pos: 4
        Relay_Master_Log_File: mysql-bin.000010
             **Slave_IO_Running: No**
            Slave_SQL_Running: Yes
              Replicate_Do_DB:
          Replicate_Ignore_DB:
           Replicate_Do_Table:
       Replicate_Ignore_Table:
      Replicate_Wild_Do_Table:
  Replicate_Wild_Ignore_Table:
                   Last_Errno: 0
                   Last_Error:
                 Skip_Counter: 0
          Exec_Master_Log_Pos: 107
              Relay_Log_Space: 106
              Until_Condition: None
               Until_Log_File:
                Until_Log_Pos: 0
           Master_SSL_Allowed: No
           Master_SSL_CA_File:
           Master_SSL_CA_Path:
              Master_SSL_Cert:
            Master_SSL_Cipher:
               Master_SSL_Key:
        Seconds_Behind_Master: NULL
Master_SSL_Verify_Server_Cert: No
                **Last_IO_Errno: 2003
                Last_IO_Error: error connecting to master 'slaveuser@master_ip:8801' - retry-time: 60  retries: 86400**
               Last_SQL_Errno: 0
               Last_SQL_Error:

When I try to connect the master using slave credential I am able to connect on specific port 8801.But in slave Status its shows that is connection problem. what to do as I dint Find any better suggestion on the web.