Newsletter July 2018 - Integrating with the Global Economy
We have arrived at the most important part of the overall process of the budgetary exercise- implementation.
As often pointed out, the devil lies in the implementation. It is indeed important that measures announced are realized, swiftly where possible and with all the due care where it so requires, to ensure that we achieve our objectives set. Certain initiatives have already started in this respect. The EDB has for instance already started working in close collaboration with stakeholders and is putting in place the processes with regards to several budget measures, such as the work permit for emerging activities, the Mauritius Artificial Intelligence Council or on measures related to the National Regeneration Scheme amongst others.
The desire to move rapidly reflects the need to be constantly at the helm of the shifting sands of economics and geopolitics, especially if we want to leverage our presence at the intersection of the African continent and the East.
His Excellency, Mr. Xi Jinping, President of the People’s Republic of China, arrived into Africa last week to consolidate the ever-growing economic and diplomatic ties between the continent and China.
One lap of his African journey was Mauritius, amongst stopovers to Senegal, Rwanda and South Africa. His visit paves the way for more collaboration between our two countries as well as to cement Mauritius’s place as a hub for the region.
The China-Africa partnership in fact is set to experience further consolidation during the 2018 Forum on China-Africa Cooperation (FOCAC) that will take place in Beijing in September.
The visit of the President also concords with the ongoing negotiations between China and Mauritius leading towards the conclusion of a Free Trade Agreement which will augur a new era of cooperation between the two economies through improved market access for goods and services.
In this same optic, we are further pursuing our efforts to conclude the Comprehensive Economic Cooperation and Partnership Agreement with India, with the 5th round of negotiations taking place this month in Mauritius.
Last but not the least, I will avail of this opportunity to announce that the Board of the EDB has appointed Mr. François Guibert as the CEO of the organization. Mr. Guibert has had an illustrious career across the world, and the Board is fully convinced of his ability to bring the EDB to the next level.
You will find in this edition of the newsletter some of the numerous initiatives that the EDB has been involved in during the month to promote Mauritius as a trade and investment destination.
Joseph E. Charles Cartier
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