Trade and Business in Mauritius

The objectives of the subject “Foreign Trade and Business in the Republic of Mauritius” are the following:

1. To analyze the Mauritian Economy and International Trade;
2. To know the business opportunities in the Republic of Mauritius;
3. To explore the Mauritian trade relations with the country of the student;
4. To know the Mauritian Free Trade Agreements (FTAs);
5. To analyze the strategic relationship between Mauritius and India;
6. To develop a business plan for the Mauritian Market.

The Subject “Foreign Trade and Business in Mauritius” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Doctorate (DIB): African Business, World Trade, Ethics, Religion & Business.

Masters (MIB): Business in Africa, International Business, Foreign Trade.

Courses: Hinduism and Business, Business in East Africa.

Why study “Hinduism and Business”?.

Learning materials in or Ile Maurice Mauricia Mauricio.

1. Credits of the subject “Foreign Trade and Business in the Republic of Mauritius”: 2 ;
2. Duration: two weeks.

Preferential access to international markets of Mauritius:

1. Mauritius and the East African Economic Area;
2. COMESA (Common Market for Eastern and Southern Africa);
3. SADC (Southern African Development Community)
   1. European Union-SADC Free Trade Agreement (FTA).
4. COMESA-EAC-SADC Tripartite Agreement;
5. African Continental Free-Trade Area (AfCFTA);
6. Indian-Ocean Rim Association (IORA);
7. Indian Ocean Commission;
8. India-Mauritius Economic Cooperation Partnership Agreement;
9. Turkey-Mauritius Free Trade Agreement (FTA);
10. United Kingdom-Mauritius-Seychelles-Zimbabwe Free Trade Agreement (FTA);
11. Mauritius-Pakistan Preferential Trade Area;
12. Mauritius-United States:
    1. African Growth and Opportunity Act (AGOA);
    2. COMESA-U.S. Trade and Investment Framework Agreement.
13. Joint Declaration on Cooperation with the European Free Trade Association (EFTA);
14. Mauritius-European Union
    1. Africa-European Union Partnership (Cotonou Agreement);
    2. Free Trade Agreement European Union-Eastern and Southern African States (Madagascar, Mauritius, Seychelles, Zimbabwe).
15. Mauritius is an observer country of the South Asian Association for Regional Cooperation (SAARC).

1. World Trade Organization (WTO)
   1. WTO General Agreement on Trade in Services (GATS);
   2. WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS);
   3. WTO Agreement on Technical Barriers to Trade (TBT);
   4. WTO Agreement on Preshipment Inspection (PSI);
   5. WTO Agreement on Safeguards (SG);
   6. WTO Trade Facilitation Agreement (TFA).
2. World Customs Organization (WCO)
   1. Revised Kyoto Convention (RKC).
3. International Bureau of Containers and Intermodal Transport (BIC);
4. International Civil Aviation Organization (ICAO, Chicago Convention);
5. International Maritime Organization (IMO)
   1. International Convention for Safe Containers (CSC);
   2. Convention Relating to Temporary Admission (Istanbul Convention).
6. Customs Convention on Containers (CCC, UN) - not a member.

African Trade and Economic Organizations:

1. Economic Commission for Africa (ECA);
2. African Union (AU)
   1. African Union Convention on Preventing and Combating Corruption (not signed);
   2. African Union Development Agency (AUDA-NEPAD).
3. African Development Bank (AfDB);
4. Africa-Asia Strategic Partnership (NAASP);
5. Africa-BRICS (Brazil, Russia, India, China, South Africa);
6. Africa-Turkey Partnership;
7. Afro-Arab Cooperation;
8. Arab Bank for Economic Development in Africa (BADEA);
9. Africa-Korea Partnership;
10. Africa-Japan Cooperation (TICAD);
11. Africa-South America Summit (ASA);
12. Forum on China-Africa Cooperation;
13. Africa-India Framework for Cooperation.

Global Organizations:

1. Commonwealth;
2. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD);
   2. International Trade Centre (INTRACEN);
   3. Commission on International Trade Law (UNCITRAL);
   4. World Intellectual Property Organization (WIPO).
3. World Bank (WB);
4. World Trade Organization (WTO);
5. International Monetary Fund (IMF);
6. Community of Portuguese Speaking Countries (observer country).

The Republic of Mauritius

Mauritius (Africa) has moved from a mono-crop sugar dominated the economy to diversified services oriented to the global markets.

1. Mauritian population: 1.3 million people;
2. Area of Mauritius: 2,040 square kilometers;
3. Mauritius has a significant population of Hindus;
4. Mauritian Literacy rate: 90%;
5. The main languages in Mauritius: French, English, and Creole;
6. Borders (sea) of Mauritius: 2,000 kilometers from East Africa coast. 855 kilometers from Madagascar;
7. Democratic system (British Westminster Parliamentary System);
8. Legal system: British law and French Code Napoleon;
9. Mauritian Capital: Port Louis (148,001 people). One of the largest financial centers in Africa;
10. Mauritian Independence: 1968 (United Kingdom).

More information about Mauritius (EENI African Business Portal).

Religions in Mauritius:

1. Hinduism (48%);
2. Christianity (33%);
3. Islam (17%);
4. African Traditional Religions.

Mauritius belongs to:

1. East African Economic Area (African Civilization);
2. Hindu Economic Area.

Economy of Mauritius:

1. Ideally situated at the crossroads of Europe, Africa, and Asia, the Republic of Mauritius also offers an ideal platform for holding and structuring investments in many of the fastest growing economies;
2. With a per capita revenue of 8.891 USD, the Republic of Mauritius is now classified as a middle revenue country and ranks, by the recent Human Development Index for 173 countries, 67th globally, 40th among the developing countries and the second in Africa;
3. The first African Country in the Doing Business Survey (World Bank);
4. First place at the Ibrahim Index of African Governance;
5. Mauritius is one of the fastest growing African economies;
6. Mauritian GDP: 11.845 billion dollars;
7. Mauritian GDP growth: 3.7%;
8. GDP per capita: 8.891 dollars;
9. Mauritian inflation: 3.9%;
10. Unemployment in Mauritius: 8%;
11. Top Mauritian economic sectors: agriculture (6% of the GDP, sugar), export-oriented manufacturing (23% of the GDP, textiles and garments), tourism (6% of the GDP), and financial and business services (10% of the GDP);
12. Information and Communication Technology (ICT): call centers, software, and business process outsourcing (BPO);
13. Mauritian Textile and apparel sector: 50% of the total Mauritian exports of goods. 40,000 workers (3.5% of the GDP);
14. Mauritian Currency: Mauritius Rupee (MUR);
15. Excellent business environment;
16. Stock Exchange of Mauritius; 47 companies listed, capitalization: 14 billion dollars;
17. The Mauritian services sector accounts for 70% of the gross domestic product;
18. Leveraging on a long history of political stability, free market economy and good governance, the Republic of Mauritius has entered in a new era of business-friendliness;
19. Port Louis is the second largest financial centre in Africa after Johannesburg.
    1. Port Louis is the city with the highest per capita revenue in Africa.
20. As a growing business and financial hub, the Republic of Mauritius offers numerous foreign direct investment opportunities, both on shore and off shore.

Foreign Trade

1. Mauritius: an export-oriented country;
2. Top Mauritian export products: textile, fish products, jewellery, watches, diamonds, optical goods, and chemical products;
3. Total exports of goods: 2,872 million dollars;
4. Total imports of product: 5,399 million dollars;
5. Top Mauritian Export Markets: The United Kingdom, France, the United States, Italy, South Africa, Madagascar, and Turkey;
6. Top Mauritian suppliers: India, China, France, South Africa, and Spain;
7. Mauritius Freeport: international trading hub of Eastern and Southern African;
8. Foreign Direct Investment (FDI) Stock: 2,944 million dollars.

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(c) EENI Global Business School (1995-2022)
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