Mauritius a key investment hub

Inayat-ur-Rahman, Business Editor

The Mauritius-UAE economic ties are on a solid growth track and marching ahead. Our country is open to the UAE investors to invest in the tourism and property sector due to higher returns.

This was revealed by Soodesh Callichurn, Minister of Labour, Human Resource Development, Training and Minister of Commerce and Consumer Protection, during an exclusive interview with Gulf Today.

The Mauritius Freeport and Logistics week, organised by the Economic Development Board (EDB), will run until Friday, in collaboration with the Mauritius Port Authority (MPA), the Cargo Handling Corporation Ltd (CHCL), the Airport of Mauritius (AML), the State Trading Corporation (STC), Freeport Developers and the Freeport Operators Association.

The Mauritian delegation is led by Soodesh Callichurn, Minister of Labour, Human Resource Development, Training and Minister of Commerce and Consumer Protection.  Amb. Showkutally Soodhun, G.C.S.K, Ambassador of the Republic of Mauritius to the United Arab Emirates and Deputy Commissioner General of the Mauritius Pavilion at Expo2020, the Chairman of the EDB, Hemraj Ramnial CSK, and the Chairman of the Mauritius Ports Authority,  Sanjeev Ghurburrun also contributed to the promotional event through speeches and presentations.

During his speech, the Soodesh Callichurn, emphasized on the benefits that foreign companies could tap into while setting up in Mauritius. He also reassured the audience comprising of UAE based operators, representatives of the National Polish-Arab Chamber of Commerce, along with several dignitaries, on the conducive business environment, robust financial and legal framework in the country as well as the myriad of multilateral and bilateral agreements in place.

The minister asserted that trade agreements with India, the Mauritius China FTA, the EPA with the European Union and the AGOA with the USA allow for preferential access to around 70% of the world market through the Mauritius Freeport.