Transitioning from Freeport to Freezone Model
The National Budget 2016 mentioned the development of a new legislative framework to enable the country’s transition from a Freeport to a Free Zone model based on the fact that “the current development model can no more deliver on our aspirations as a nation”.
The development of the Free Zone framework is viewed by Government as one of the key strategies to foster economic growth and improve the country’s competitiveness as a reliable and attractive investment destination. The most pertinent outcome envisaged by the Free Zone model the diversification of the national industrial base, in line with the Government’s policy to develop Mauritius as a regional logistic, distribution and marketing centre for value added products.
Following the organisation a one-day workshop by the Board of Investment on the 29 September 2016, and subsequent consultations with key stakeholders of the Freeport sector, the final recommendations for revamping the Freeport and enable its transition to a Free Zone status has been submitted to Government.
Interested stakeholders are invited to submit their views and comments on the concept paper entitled “Transitioning from Freeport to Freezone model” on email@example.com, prior to the translation of the document into the new legislative Framework by the end of March 2017.