February 16, 2013

Mauritius Set for Foreign Investment

In his statements at Turkey-Mauritius Trade and Investment Forum, Mauritius Minister of Foreign Affairs Arvin Boolell noted that Mauritius is the most trade-secure country of the continent and continued: “With tomorrow’s Incentives and Assurance in Bilateral Trade and Economic Partnership Agreement, we aim to attract Turkish business world to opportunities in our country. Turkish investors are welcome to set up business in agriculture, energy, food, marine and tourism sectors, in particular.”

One of Turkey’s largest non-governmental business institution Confederation of Industrialists and Businessmen of Turkey, TUSKON, continues encouraging investors to expand overseas. In line with its mission, on February 6, Turkey-Mauritius Trade and Investment Forum took place in Istanbul with TUSKON President Rizanur Meral and Mauritius Minister of Foreign Affairs in attendance.

The Minister Boolell guaranteed new incentives for prospective Turkish businesses in Mauritius. “We will encourage Turkish businessmen to invest in our country.” assured the minister. “There is trading volume equivalent of 48 million dollar between Turkey and Mauritius. Turkey’s export to Mauritius is 44 million dollar while we respond it with only 4 million, which means a huge gap. With this agreement, we will offer new opportunities encouraging enterprises, which will certainly result in a step-up in the current trading volume.” the minister said in his opening remarks.

Expressing their appetite to cooperate with their Turkish counterparts, “Mauritius, known as Africa’s star, owns the continent’s most adequate and effective legal framework for foreign investors. We are the leading country for investors, not only geographically but with our investment-friendly attitude as well. Dependability is the prerequisite to do business in Africa and we, as the most secure and stable African country, assure you that with our well-regarded government institutions. We agreed on international arbitration regulations and, therefore, secured our international investments.” Boolell stated.

Most secure country for investment

TUSKON President Rizanur Meral highlighted Mauritius as the most secure country for trade displaying a steadily rising trend. “Mauritius is the number one country in World Bank’s 2012 foreign investment per capita report. It is the most welcoming country and has the most dependable legal framework for foreign investment in the world. It is the door to Africa for commercial enterprises seeking business in the continent.” said Meral.

Investor Delegations to 104 countries a year

Rizanur Meral: “As TUSKON, we are organizing both domestic and international business summits, trade and investor delegation visits to bring together the businesspeople from around the world. These initiatives aim to introduce global industry to Turkey and vice versa as well. We have organized 417 trade and investor delegation visits to 104 countries in a year, to this end. Besides, 550 delegations of 11.000 businesspeople from 140 countries have been hosted in Turkey.”

Lastly, a cooperation agreement was signed by TUSKON and Mauritius Chamber of Commerce. According to the agreement, TUSKON and Mauritius Chamber of Commerce are to cooperate in business initiatives contributing to bilateral relations.

Published [in Turkish] on Dogan News Agency, 06 February 2013, Wednesday