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The “5e Rencontre Réunion/Maurice” calls for galvazing synergies for economic resilience

The “5e Rencontre Réunion/Maurice sur le Développement durable et financement de projets” held on 13th & 14th April 2017 at Mercure Créolia Saint Denis, in Réunion island has been marked by a call for resilience.  

The objective of this meeting was to promote the sharing of experience and know-how between Mauritius and Réunion island to highlight the similarities between the two countries and facilitate the setting-up of joint projects at the regional level and in Africa.

In the opening address, the Keynote speaker, Mr. Gerard Sanspeur, Chairman of BOI and representative of the Government expressed his concern towards building and sustaining economic resilience of both islands to confront the external shocks in a constantly challenging global economic environment. 

To mitigate the effects of an unpredictable global economic situation amidst Brexit, it is imperative to create a synergy to improve regional and institutional cooperation to support and accelerate the socio-economic development of both islands.

IMG 6835

Mr. Sanspeur stressed that globalization, free trade, technological advancements, improved communication, and policies favoring cross-border trade are an evidence of the gradual replacement of a nation-state by a region-state.  

To broaden its economic base and foster ties with Africa, the Mauritian Government is developing Special Economic Zones in Ghana, Côte d`Ivoire, Senegal and Madagascar to open greater opportunities.  Mr. Sanspeur highlighted the geo-strategic position of our islands as platform of choice for structuring investments into Africa.

The ports of Mauritius and Reunion can also work together to capture the trade flows in this time zone between Africa and Asia to create a regional maritime company.

He also underscored the expertise of Reunion Island in the field of renewable energy which could serve as a model for Mauritius to achieve its 35% energy mix by 2025.   Mr.  Sanspeur also participated in the plenary session themed “Internationalization of Mauritian and Reunion based companies”.

 Mr. Vinay Guddye, Head of Outward Investment, Africa Centre, BOI, showcased a presentation and elaborated on Mauritius as a hub for Africa along with the development of SEZs in Africa.

17 April 2017