January 2013: Focusing on Emerging Markets
Dear Valued investors,
I am pleased to open this first edition of our newsletter for 2013 on a very positive note. Despite the persistence of economic uncertainties on the global front throughout 2012, we have yet been able to exceed our targeted level of FDI. As announced by Honourable Xavier Luc Duval, Vice Prime Minister and Minister of Finance and Economic Development in his press conference on 10th January 2013, we have achieved in excess of MUR 11.5 billion in FDI inflow. Taking into account the transactions of the last quarter and subject to official figures from the Bank of Mauritius, we will cross the Rs 12 billion mark in 2012.
We, therefore, remain fully committed to reaching new heights in 2013. To this end, we are unleashing a multi-folded strategy which will enhance our global visibility. Also, by aggressively showcasing the offerings of the country, we will give a new dynamism to our existing sectors of activity. Besides, we are gearing up our marketing campaigns across both traditional and emerging markets, with an eye on new ones. Our efforts during 2013 will be concentrated on the emerging markets of the fast developing world comprising China, India, Middle East and Australasia.
Our multi-folded strategy also encompasses the organization of a series of world class sector-specific investment forums and conferences in Mauritius, thus giving international investors the opportunity to take stock of the offerings of country in person. In this respect, I am glad to announce the first event of 2013, the Mauritius International Knowledge Investment Forum (MIKIF) 2013. This second edition of MIKIF demonstrates our determination to place Mauritius on the global map as an education hub par excellence. The forum aims at gathering more than 300 local and international participants across the globe to showcase investment opportunities and trends at the primary, secondary and tertiary levels as well as vocational and technical training in the education sector.
Our strategy to further promote Mauritius as the gateway to Africa will require that BOI aggressively engage with African countries. In this context, BOI is currently heading a strong private sector delegation in Tanzania, Zambia and South Africa. Through our recently established Africa Centre of Excellence for Business and other initiatives, a number of such missions targeting various parts of Africa have been planned for the current year. Global investors are increasingly finding in Mauritius a worldclass risk-mitigating investment centre. This is largely due to the network of bilateral agreements which Mauritius has put in place with fast growing economies.
To further better our position as an investment location, the Framework Agreement on Trade and Economic Cooperation will be signed in Istanbul in Turkey on 7th February 2013 by Dr. the Honourable Arvin Boolell, Minister of Foreign Affairs, Regional Integration and International Trade and his counterpart, H.E. Zafer ÇAĞLAYAN, Minister of Economy.
The Agreement of Reciprocal Promotion and Protection of Investments between Turkey and Mauritius will also be signed on that day. This follows the signing of the Free Trade Agreement (FTA) between the two countries in September 2011 in Istanbul. These agreements will enhance our position as a trusted investment location in the Africa region and beyond.
On this note, I wish to reiterate our full commitment to serve you to the best of our ability and look forward to a greater collaboration between BOI and all its stakeholders.