Mauritius Business
• Main imports: Manufactured goods, capital equipment, foodstuff, petroleum products and chemicals.
• Main exports: Clothing and textiles, sugar, cut flowers and molasses.
• Main trade partners: France, UK and other EU countries such as Germany and Finland.
Economy
The island's industrial capacity is centred on a number of Export Processing Zones and its service economy is based on tourism and financial services, as well as a growing telecommunications provision which has attracted more than 9,000 offshore entities. Tourism is well established and now worth over US$500 million annually. Investment in banking is more than US$1 billion. The overall economy grew at 2.5% in 2005, with inflation at 5% and unemployment 9.6%.
The government's economic policy aims to counter the threat to the two largest sectors of the economy (sugar and textiles) from new regulations introduced by the World Trade Organization. The centrepiece of its strategy is the creation of a custom-built ‘cyber-city', based on similar development in India, using high-speed communications links to offer e-commerce and financial transactions. It also becomes a duty-free shopping zone by 2010.
Mauritius is a member of the Indian Ocean Commission, which promotes regional economic cooperation, and of the Southern African Development Community.
Business Etiquette
Office hours: Mon-Fri 0900-1600, Sat 0900-1200 (some offices only).
Conferences & Conventions
Business Contacts
3 Royal Street, Port Louis, Mauritius
Tel: 208 3301.
Website: www.mcci.org
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