Competitivenese Strategies for Small States Case of Mauritius. Presentation by Mrs P. Rampadarath
|
|
- Francine Holt
- 6 years ago
- Views:
Transcription
1 Competitivenese Strategies for Small States Case of Mauritius Presentation by Mrs P. Rampadarath
2 Where is Mauritius located?
3 Government Population GDP Economic Growth (2012) FACTS ABOUT MAURITIUS Parliamentary Democracy 1.3 million USD 11.5 billion 3.4% Per Capita Income USD 8,240 Unemployment Rate (2012) 8% Inflation Rate (2012) 4.4% FDI (2012) Literacy Rate 85% Tertiary Enrollment Rate Life Expectancy Languages USD 327 M 43.4% 74 years English, French, Creol
4 Index of Economic Freedom 2012 International Benchmark 8 th out of 184 countries And 1 st among 46 countries in sub saharan africa World Bank Doing Business Survey 2012 Democracy Index 2010 Global Enabling Trade Index 2012 Human Development Index 2011 Global Competitiveness Index Global Information Technology Report Mo Ibrahim Index of African Governance th out of 185 countries and 1 st in Africa 24 th out of 167 and 1 st in Africa 33 rd out of 167 countries and 1 st in Africa 77 out of 189 and 3 rd in Africa 54 out of 142 countries and 2 nd in Africa 47 th Internationally and 1 st in Africa 1 st in Africa for the 6th consecutive year
5 Relations with other countries Mauritius has strong and friendly relations with the West, Asian Countries as well as the Eastern and Southern Africa Mauritius is a member of African Union; World Trade Organisation; Commonwealth; Francophonie; Southern African Development Community (SADC); Common Market for Eastern and Southern Africa (COMESA); Indian Ocean Commission; and Indian Ocean Rim Association
6 The main pillars of the economy over the years Post Independence (1970s) Agricultural based Concentration on Sugar Industrialisation (late 1970 throughout the 1980s) Sugar, textile, Tourism 1990s Sugar, Textile, Tourism, Financial Services; Freeport 2000s Sugar, Textile, Tourism, Financial Services, Seafood, ICT/BPO, IRS 2010 to-date Agro-Industry, Tourism, Financial Services, ICT, BPO, Seafood, Renewable Energy, Ocean Economy, Textile and Fashion
7 Move since Independence Diversification Setting up of the EPZ in 1970 (huge success in Mauritius) Surplus labour proved highly beneficial to Mauritius Growth (unemployment dropped to 3% by end of 1980s) Took advantage of privileged access with EU and the US (accounted for 90% of exports) Multi-fibre Agreement Adopted concerted strategy of nation building Strong and inclusive institutions High Level of Public Investment in human development(free education and health services) Avoided social and political tensions and supported solidarity and equity Liberalisation and diversification Duty free access for imported inputs Tax incentives to firms operating in EPZ (effect of subsidizing exports) Consistency and stability in approach to economic management Diversification of political and economic power ensured productive economic policy Ethnic diversity provided economic linkages with the world
8 Economic Reform Strategy Fiscal consolidation and improving public sector s efficiency Democratise economy by promoting participation and social inclusion Reform Policy Package Improve trade competitiveness Improve Investment Climate
9 Facts on the different sectors The financial services - one of the most important economic pillars of the economy with a sustained GDP contribution of over 10% and an average growth of 4.8% over the last 3 years. Manufacturing is still considered as one of the biggest contributor to national wealth with 17.7% GDP share and the biggest employer with 15.1% of total workforce. The ICT-BPO industry has proved its importance as a key driver to economic growth and productivity. It has experienced remarkable innovation over the last 5 years and has demonstrated its resilience amidst multiple crises. This industry contributes 6.7% to GDP, and employs nearly 17,000 people. In 2012, gross tourism receipts was Rs 4.4 billion. Emerging markets, namely Russian Federation and People Republic of China, registered positive growths of 58.9% and 38.0% respectively. The forecast number of tourist arrival for 2013 is 1 million.
10 Facts on the different sectors The Mauritius seafood industry has undergone major expansions over the past three years. The sector's contribution to GDP was 1.3%; total exports amounts to 15% of total goods exports; cumulative investment till date amounts to Rs. 18 billion; and provides 6,000 direct jobs and ancillary services to this industry make up for some 10,000 jobs. Agro industry accounts for 3.7% of the GDP and comprises the sugar cane cluster and non-sugar cluster which covers fresh vegetable products, fruits, livestock, fisheries and flowers. The employment in the Agro Industry represents nearly 7.9% of total employment in Mauritius. The sector has experienced a growth rate of 3.4% in 2011 and is moving towards sustainable through adoption of best agricultural and environmental conservation practices.
11 Fiscal Incentives for Investment Abolition of AGOA levy Tax-free status for global funds which do not require benefits under our Double Tax Avoidance Agreement network Solidarity levies maintained on banks and telecom operators up to 2014 VAT registration threshold raised from a turnover of Rs2 million to Rs4 million per annum Modulated excise duty on electrical appliances on the basis of their energy consumption. Extension of the VAT Refund Scheme for agro-industrial and fisheries sector for one additional year 2013 Medical/health insurance premium tax deductible as from 1 January 2013
12 Fiscal Incentives for Investment No land conversion tax on the conversion of land from agricultural use for the purpose of: a. Setting up a manufacturing company as certified by the Board of Investment b. Setting up a power station for generation of energy using 'green'/renewable sources c. Construction of a building to be used for provision of Technical & Vocational education and Training Incentives offered to retail shops and restaurants for the purchase of fitting, equipment and furniture: a. Financing at the rate of 7.25% b. Accelerated capital allowances c. VAT refund within 7 days of claim For investment above 10 million rupees, 50% reduction on customs duty on a scheduled list of items
13 Strength and Opportunities Strengths Political Stability Open Economy High literacy rate both bilingual and educated workforce Government commitment for change visà-vis a dynamic global business environment Favourable trade agreements Strong business climate with favourable fiscal incentives World class tourism industry Strategic location Good infrastructure International connectivity Opportunities Ocean Economy Petroleum Hub and liberalisation of bunkering activities Investment in product and design innovation Unexploited regional trade advantages Investment in Technology/skills upgrade Product/Market diversification Attracting potential investors from the Mauritian diaspora Adoption of cleaner production techniques. Optimise on the provision of the EPA which provide for less stringent rules of origin for textile and canned tuna and improved market access in the EU. Tapping up-market tourism
14 Constraints and Challenges Constraints Significant current threats (energy cost, global financial crisis, increase in costs of inputs) Little flexibility in view of employment structure Trade Liberalisation - emergence of low cost competitive producers Zero tariff rate through implementation of duty free island concept Economy highly dependent on few sectors that are sensitive to global crisis Weak technology/innovation base Insufficient R&D Product and market concentration Financial and infrastructural constraints Challenges Elimination of trade preferences: After 2015, possibility for AGOA benefits to be extended to LDCs such as Bangladesh and Vietnam Mauritius will be reverted to the Generalised System of Preferences (GSP) Scheme which offers less favourable benefits than the AGOA. Exchange rate fluctuations Slow pace of restructuring and diversification Rising costs of air and sea freight Increase in costs of inputs Low penetration of new markets Inequality is rising Country s competitive advantage on the international market is shrinking Climate change
15 New Avenues Ocean Economy Mauritius has an exclusive economic zone (EEZ) of 1.9 million km2 plus an additional 396,000 km2 co-managed with the Republic of Seychelles. This vast extent of ocean represents an area bigger than the combined land area of France, Germany, Italy, Spain and the United Kingdom. The ocean economy is a promising economic sector. The Government of Mauritius has a vision to transform the island into an ocean state by exploring and exploiting the ocean resources.
16 New Avenues - Petroleum Hub Government is proposing to invest in the development of a Petroleum Hub as another economic pillar of the country Investment will be made in the construction of storage facilities and liberalisation of bunker activities
17 Mauritius an ideal platform for investment into and trading with Africa The Double Taxation Treaties ( DTA s) The Investment Promotion and Protection Agreements (IPPAs) Mauritius has signed IPPAs with 20 African member states. IPPA typically offers the following: Free repatriation of investment capital and returns; Guarantee against expropriation; Most favoured nation rule with respect to the treatment of investment; Arrangement for settlement of disputes between investors and the contracting states.
18 Mauritius an ideal platform for investment into and trading with Africa Mauritius being a member of SADC, COMESA and IOR-ARC and a signatory to all the major African conventions make Mauritius the best offshore financial service centre for establishing any Africa Fund, Holding Company or a trading company. Benefits are - 0% tax rate on corporate profits. A low corporate tax of 15% applies for processing and transformation activities. Exemption from Customs duties and VAT on all goods and equipment imported into the Freeport zone Reduced port handling charges for all goods destined for re-export Free repatriation of profits 100% foreign ownership allowed (No immovable property to be held in Mauritius) Possibility to sell a quota of 20% of total goods re-exported on local market. (normal tax rate will apply)
19 Way Forward Bring down cost of energy as a strategy to remain competitive Leverage on the Improved Business Climate (promote Mauritius as an attractive investment destination) Branding Mauritius Identify and invest in new growth poles Identify the right products in the value chain for production in Mauritius Diversify our market base Restructuring Identify niche markets where Mauritius has a comparative advantage that could be turned into competitive advantages Invest in intangible assets (logistics, original designs, innovation, packaging, branding, R&D) Optimise on opportunities emanating from regional and international markets Comparative advantage has to be based on qualitative factors (technology, creativity, knowledge and innovation) Leverage on its location as a gateway between Africa, Asia and Europe Invest in education Maurice Ile Durable Vision
20 Thank you
Investor Country Report Mauritius
Investor Country Report Mauritius Mauritius October 2015 Contents: 1. Country Overview 2. The Mauritian Economy 3. The Mauritian Business Environment 4. The Mauritian Fiscal Regime 5. The Financial Services
More informationInformation Technology Agreement
1 Information Technology Agreement ICT as a development tool, benefits, opportunities and challenges to developing countries Suraj RAMGOLAM Ministry of Technology, Communication and Innovation Republic
More informationMauritius A Nurturing Environment
Air Connections Mauritius A Nurturing Environment Mauritius Key Facts Population: 1,280,925 GDP per capita: US$ 7,000 (market price) GDP per capita: (PPP) : US$ $13,500 (2010 est.) FDI:US$ 330m p.a.
More informationMauritius as a base for Regional Headquarters Companies
as a base for Regional Headquarters Companies 1 Scope of the presentation Regional business schemes Regional Headquarters Scheme Regional Development Scheme Business opportunities in the Region Other headquarters
More information/ Business Strategy / Organizational Alignment / Business Development / Interim Management! MAURITIUS! March 2016!
/ Business Strategy / Organizational Alignment / Business Development / Interim Management! MAURITIUS! March 2016! 5th Floor Medine Mews 4, Chaussee Street Port Louis Republic of Mauritius info@lpconsulting.global
More informationSri Lanka The hub of South Asia.
Sri Lanka The hub of South Asia SRI LANKA AT A GLANCE Capital (Commercial) Colombo Capital (Administrative) Sri Jayewardenepura Kotte Area 65,525 sq km Population 21,409,381 (July 2017 est.) Official Language
More informationPolicy for Industrial Development: A Case Study of the Clothing Industry in Mauritius
Development Policy Research Unit University of Cape Town Policy for Industrial Development: A Case Study of the Clothing Industry in Mauritius DPRU Policy Brief No. 02/P21 March 2002 Industrial Strategy
More informationETHIOPIA. Agribusiness. Procedures and Opportunities
ETHIOPIA Agribusiness Procedures and Opportunities Ethiopia: Country Profile Ethiopia Brief Country Profile Ethiopia: Country Profile Rapid and sustainable economic growth One of the fastest growing economies
More informationMauritius- A Complete Eco-System for Information Technology and Business Process Outsourcing
Mauritius- A Complete Eco-System for Information Technology and Business Process Outsourcing April 2010 www.investmauritius.com Global offshoring market size and opportunity 2004-2008; US$ billion BPO
More informationSMART M AU R I TI U S. Live. Invest. Work. Play
SMART M AU R I TI U S Live. Invest. Work. Play The Smart City Scheme is an ambitious economic development programme aimed at consolidating the Mauritian International Business and Financial Hub by creating
More informationWRITTEN COMMENTS INV. NO ESQUEL MAURITIUS LIMITED (EML) U.S. TRADE AND INVESTMENT WITH SUB-SAHARAN AFRICA: RECENT DEVELOPMENTS
WRITTEN COMMENTS INV. NO. 332-564 ESQUEL MAURITIUS LIMITED (EML) U.S. TRADE AND INVESTMENT WITH SUB-SAHARAN AFRICA: RECENT DEVELOPMENTS UNITED STATES INTERNATIONAL TRADE COMMISSION FEBRUARY 6, 2018 1 These
More informationChina-Africa Investment Forum Beijing June 2013 FOCUS: MAURITIUS. A presentation by Mardemootoo Solicitors
China-Africa Investment Forum Beijing June 2013 FOCUS: MAURITIUS A presentation by Mardemootoo Solicitors Mauritius...Star & Key of the Indian Ocean Mauritius: a strategic stop-over into Africa Mauritius
More informationGlobal Financial Crisis and Policy Response in Mauritius: Key Lessons
Global Financial Crisis and Policy Response in Mauritius: Key Lessons Presented by Sunil Benimadhu Chief Executive Stock Exchange of Mauritius The North-South Institute Sheraton Hotel Ottawa June 8-9,
More informationINVESTMENT REVIEW Mauritius 2016
INVESTMENT REVIEW Mauritius 2016 Spotlight on Mauritius Strong economic growth and good governance drives high net worth individuals and foreign investment into Mauritius The Indian Ocean island of Mauritius
More informationPRESENTATION ON THE INVESTMENT OPPORTUNITIES IN BOTSWANA. Ms Reitumetse Aphiri Executive Director Investment Promotions 27 th February 2013
PRESENTATION ON THE INVESTMENT OPPORTUNITIES IN BOTSWANA Ms Reitumetse Aphiri Executive Director Investment Promotions 27 th February 2013 Contents 1. Botswana Overview Key Figures Macroeconomic Fundamentals
More informationMauritius Economy Update October 2013
October 28, 2013 Economics Mauritius Economy Update October 2013 Mauritius, a tropical island situated towards the south east coast of Africa comprises 9 districts Flacq, Grand port, Moka, Pamplemousses,
More informationYOUR INTERNATIONAL BANKING PARTNER
YOUR INTERNATIONAL BANKING PARTNER INTERNATIONAL ACCOLADES 2015, 2016 & 2017 Best International Bank Indian Ocean by Capital Finance International (CFI.co). 2016 Fastest Growing Banking Brand Mauritius
More informationII. TRADE POLICY REGIME: FRAMEWORK AND OBJECTIVES. (1) General Framework
Mauritius WT/TPR/S/5 Page 21 II. TRADE POLICY REGIME: FRAMEWORK AND OBJECTIVES (1) General Framework 1. After settlement by the Dutch (1638 to 1710), Mauritius was colonized by the French in 1766, and
More informationMOROCCO, INVESTMENT OPPORTUNITIES AND BUSINESS CLIMATE MOROCCAN INVESTMENT AND EXPORTS DEVELOPMENT AGENCY
MOROCCO, INVESTMENT OPPORTUNITIES AND BUSINESS CLIMATE MOROCCAN INVESTMENT AND EXPORTS DEVELOPMENT AGENCY MOROCCO, BUSINESS CLIMATE MOROCCO OVERVIEW Capital Institutional System Area Rabat Democratic and
More informationMauritius Economy Update January 2015
January 19, 2015 Economics Mauritius Economy Update January 2015 Overview - Mauritian economy has been witnessing a persistent moderation in growth since 2010 due to weak economic activity in Euro Zone,
More informationSri Lanka Steps towards Investment Attraction through Investment Faciliattion Ganga Palakatiya Deputy Director (Research & Policy Advocacy)
Sri Lanka Steps towards Investment Attraction through Investment Faciliattion Ganga Palakatiya Deputy Director (Research & Policy Advocacy) September 2018 8th Meeting of the Asia Pacific FDI Network, Thailand
More informationLUXEMBOURG: YOUR RELIABLE PARTNER DECEMBER 17, 2014
CHAMBER OF COMMERCE OF THE GRAND DUCHY OF LUXEMBOURG LUXEMBOURG: YOUR RELIABLE PARTNER DECEMBER 17, 2014 11 CHAMBER OF COMMERCE OF THE GRAND-DUCHY OF LUXEMBOURG THE LUXEMBOURG CHAMBER OF COMMERCE 22 CHAMBER
More informationStandard Chartered banks on Mauritius: gateway to Africa
EMBARGOED UNTIL 3 JUNE, 6PM SGT Standard Chartered banks on Mauritius: gateway to Africa Hosts first Singapore business delegation in Mauritius and launches Transaction Banking services 3 June 2011, Singapore
More informationIFA 12th Global Conference on Ageing. Health, Security and Community June 2014 HICC Hyderabad India
IFA 12th Global Conference on Ageing Health, Security and Community 10-13 June 2014 HICC Hyderabad India Poverty Alleviation and Social Integration of the Elderly The Mauritian Context Presented by Anbanaden
More informationAzerbaijan Export and Investment Promotion Foundation. Azerbaijan Country Presentation
Azerbaijan Country Presentation Basics Establishment: 28 May 1918 Independence: 18 October 1991 Area: Population: Official Language: Government system: Membership in: 86.6 thsd km2 9.48 million Azerbaijani
More informationBusiness environment & FDI opportunities in Slovenia
Business environment & FDI opportunities in Slovenia 4Qs4U Four Qs For You Ph.D. Zoran Stamatovski, MBA, Head of Division for Foreign Direct Investments and Internationalization SLOVENIA: Dynamic EU member
More informationCountry report MAURITIUS
Summary Mauritius is a politically and socially stable island in the Indian Ocean. The economic diversification is limited, partly due to its size, and provides the highest vulnerability. This is mostly
More informationWORLD INVESTMENT M REPORT
UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT WORLD INVESTMENT M REPORT IN A LOW-CARBON ECONOMY New York and Geneva, 2010 TABLE OF CONTENTS PREFACE ACKNOWLEDGEMENTS ABBREVIATIONS KEY MESSAGES OVERVIEW
More informationInvesting in Mozambique UK MOZAMBIQUE INVESTMENT FORUM 2010
Investing in Mozambique UK MOZAMBIQUE INVESTMENT FORUM 2010 Structure of Presentation 1. Location 2. Reasons for Good Performance 3. Investment Policies Tax System Guarantees Tax incentives Bilateral Agreement
More informationCountry outlook. Angola
Country outlook Closing date of this issue: 31/1/219 Form of Government: Semi-presidential republic Capital: Luanda Official language: Portuguese Population: 3 million inhabitants (217) Currency: Kwanza
More informationGHANA FREE ZONES PROGRA MME: Providing a Conducive Investment Environment
GHANA FREE ZONES PROGRA MME: Providing a Conducive Investment Environment COUNTRY PRESENTATION IN ITALY BY ADJOA OBUOBIA DARKO-OPOKU (AG. DEPUTY EXECUTIVE SECRETARY) 1 GHANA AT A GLANCE Country Republic
More informationDISCOVER YOUR WAY TO AZERBAIJAN
DISCOVER YOUR WAY TO AZERBAIJAN VALUE PROPOSITION PROVEN TRACK RECORD AND STABILITY STRATEGIC LOCATION FAVOURABLE BUSINESS CLIMATE QUALIFIED WORK FORCE VALUE PROPOSITION PROVEN TRACK RECORD AND STABILITY
More informationLUXEMBOURG: YOUR RELIABLE PARTNER APRIL 4, 2014
CHAMBER OF COMMERCE OF THE GRAND DUCHY OF LUXEMBOURG LUXEMBOURG: YOUR RELIABLE PARTNER APRIL 4, 2014 11 CHAMBER OF COMMERCE OF THE GRAND-DUCHY OF LUXEMBOURG THE LUXEMBOURG CHAMBER OF COMMERCE 22 CHAMBER
More informationFDI Promotion in Mauritius and Sri Lanka. Ganesh Wignaraja Commonwealth Secretariat
FDI Promotion in Mauritius and Sri Lanka Ganesh Wignaraja Commonwealth Secretariat Years Annual FDI Inflows in Mauritius & Sri Lanka, 1970-99, $Mn 250.0 208.2 200.0 ($ Mn) 150.0 100.0 1970: Mauritius Began
More informationECUADOR. 1. General trends
Economic Survey of Latin America and the Caribbean 2017 1 ECUADOR 1. General trends In 2016, GDP fell by 1.5% after weak growth of 0.2% in 2015 owing to the drop in the average international oil price
More informationPOLISH BUSINESS VISIT TO GHANA
POLISH BUSINESS VISIT TO GHANA CONTENT Mandate of GIPC Collaborating Institutions The Ghana Advantage The Investment Environment Key Drivers of the Economy Business Reforms Major Investment Opportunities
More informationDoing Business in Tunisia
Doing Business in Tunisia AWT A UDIT & CONSEIL n 3, Avenue Louis Braille 1002 Tunis - Tunisie Tél : (+216) 70 90 40 40 Fax : (+216) 70 90 21 18 Messagerie : contact@awt.com.tn Société inscrite au tableau
More informationOXFORD INTERNATIONAL MAURITIUS. An Introduction. Nikhil Treebhoohun. Hennessy Park Hotel, Jan 16,2015. Website:
OIM DIALOGUE OXFORD INTERNATIONAL MAURITIUS Mauritius at another inflection point An Introduction by Nikhil Treebhoohun Hennessy Park Hotel, Jan 16,2015 Website: www.oxfordmu.com What is OIM? Set up in
More informationInvesting in Africa through Mauritius
Investing in Africa through June 2013 A strategic access to Africa. A unique fiscal and non-fiscal base with preferential market access to African Countries. Parallel fiscal and non-fiscal network to couple
More informationWORLD TRADE ORGANIZATION
WORLD TRADE ORGANIZATION RESTRICTED WT/TPR/S/90 5 October 2001 (01-4676) Trade Policy Review Body TRADE POLICY REVIEW MAURITIUS Report by the Secretariat This report, prepared for the second Trade Policy
More informationBy Selma Valentin Financial Services Supervision Division Central Bank of Seychelles
By Selma Valentin Financial Services Supervision Division Central Bank of Seychelles Introduction General facts on Seychelles Role of the Central Bank of Seychelles Seychelles economy before the economic
More informationBATUMI BUSINESS TOUR 27 SEPTEMBER - 01 OCTOBER 2016 BUSINESS TOUR
BATUMI BUSINESS TOUR 27 SEPTEMBER - 01 OCTOBER 2016 BUSINESS TOUR GENERAL INFORMATION ABOUT GEORGIA Area: 69,700 sq km Population: 3.7 mln Life expectancy: 75 years Official language: Georgian Literacy:
More informationIn a world of great opportunities, Cape Verde could be yours.
In a world of great opportunities, Cape Verde could be yours. WHY INVEST IN CAPE VERDE? SOCIAL GEOGRAPHICAL COMMERCIAL TAX POLITICAL AND 4 HOURS FROM EXPORT FREE REPATRIATION SOCIAL STABILITY EUROPE AGREEMENTS
More informationTRADE, FINANCE AND DEVELOPMENT DID YOU KNOW THAT...?
TRADE, FINANCE AND DEVELOPMENT DID YOU KNOW THAT...? The volume of the world trade is increasing, but the world's poorest countries (least developed countries - LDCs) continue to account for a small share
More informationVietnam Economy: Prospects, Integration & Footwear Industry. Vo Tri Thanh (CIEM)
Vietnam Economy: Prospects, Integration & Footwear Industry Vo Tri Thanh (CIEM) Presentation at the Vietnam Footwear Summit Ho Chi Minh City, 15-16 March 2017 12/03/2017 1 Outline of presentation 30 years
More informationAzerbaijan Country Presentation
Azerbaijan Country Presentation Rufat Mammadov AZPRPOMO Favourable Location Azerbaijan is the country on the crossroads of Eurasia I Establishment: 28 May 1918 I Independence: 18 October 1991 I Official
More informationMONGOLIA S FOREIGN INVESTMENT POLICIES AND PERSPECTIVES
MONGOLIA S FOREIGN INVESTMENT POLICIES AND PERSPECTIVES Mr. ENKHBOLD Vorshilov, Director General, Department of Foreign Trade and Economic Cooperation, Ministry of Foreign Affairs, Mongolia KEY FIGURES
More information2010 HSC Economics Sample Answers
2010 HSC Economics Sample Answers This document contains sample answers, or, in the case of some questions, answers could include. These are developed by the examination committee for two purposes. The
More informationDepartment of Policy and Strategic Planning
SUMMARY OF MAIN FINDINGS EMERGING FROM NATIONAL MIDTERM REVIEW PROCESS By Motulu Molapo Department of Policy and Strategic Planning Ministry of Development Planning 1. INTRODUCTION: Lesotho is a small
More informationAccessing the Indian Market
Accessing the Indian Market India is the sixth largest economy in the world with a gross domestic product (GDP) of US$2.602 trillion (2017 current prices); the third largest economy based on its purchasing-power-parity
More information1. Introduction 3. Customs and Excise Duties 2. Customs and Excise Clearance General Overview 4. Customs Duties Rebates
1. Introduction This notice is intended to provide an overview of Customs procedures applicable in the Republic of Botswana. The document focuses on the types of rebates that are offered to manufacturers
More informationITALY KEY FIGURES, TRENDS, STATE OF HEALTH. April 2013
ITALY KEY FIGURES, TRENDS, STATE OF HEALTH April 2013 Italy: Lost in stagnation??? 2 3 Italy weaknesses are well known GDP growth % change from previous year Public debt/gdp % Poor GDP growth High public
More information10 reasons to invest in France
October 2009 10 reasons to invest in France IFA Keys to understanding the new France 2 1 An economy with a global outlook Foreign companies employ over 2.8 million people in France at 23,000 different
More informationDOING BUSINESS IN INDIA
DOING BUSINESS IN INDIA 15 th August, 1947 Indian Independence 26 th January, 1950 Republic- India New Delhi Mumbai Kolkata State of Orissa Chennai Transportation Hubs International Airports New Delhi
More informationinvestinlebanon.gov.lb INVESTMENT OPPORTUNITIES IN LEBANON
investinlebanon.gov.lb INVESTMENT OPPORTUNITIES IN LEBANON HEADLINES I. INVESTMENT CLIMATE IN LEBANON 2. WHY LEBANON 3. ABOUT IDAL 4. WHAT ARE THE INVESTMENT OPPORTUNITIES? 5. CONTACT US ECONOMIC PROFILE
More informationSingapore Fact Sheet GENERAL INFORMATION SHARE CAPITAL
Singapore Fact Sheet GENERAL INFORMATION Company type Private Limited Company (Pte Ltd) Timeframe for company formation 3 to 5 days* Legislation Singapore Companies Act 1963 Legal system Common Law Corporate
More informationAt the heart of Europe: The Luxembourg Economy in a nutshell. Jeannot Erpelding, Director International Affairs, Chamber of Commerce
At the heart of Europe: The Luxembourg Economy in a nutshell Jeannot Erpelding, Director International Affairs, Chamber of Commerce Agenda Luxembourg: Country & Economy snapshot Key sectors 2 Country snapshot
More informationMALAWI EXPORT PROMOTION PROGRAMME: AN OVERVIEW OF OBJECTIVES, STRATEGIES, CONSTRAINTS AND OPPORTUNITIES
MALAWI EXPORT PROMOTION PROGRAMME: AN OVERVIEW OF OBJECTIVES, STRATEGIES, CONSTRAINTS AND OPPORTUNITIES A PRESENTATION AT THE REGIONAL EXECUTIVE FORUM ON NATIONAL EXPORT STRATEGIES: NAIROBI, KENYA: 26-28
More informationInvestment Trend and Economic Situation in Myanmar
Investment Trend and Economic Situation in Myanmar Dr. Marlar Myo Nyunt Director Directorate of Investment and Company Administration Myanmar Economic Policies Expanding our financial resources Improving
More informationWhy Smart Investors Choose France
Why Smart Investors Choose France SUMMARY An attractive place to do business At the heart of the world s largest market, the European Union A productive and dynamic workforce Low set-up costs An innovative
More informationMalta As a Logistics Platform. Free Trade Zone Activities
Malta As a Logistics Platform Free Trade Zone Activities For thousands of years Malta has capitalised on its strategic location in the middle of the Mediterranean. For Malta hubbing is not a novel concept
More informationA Service Platform in the Mid-South Atlantic
{ A Service Platform in the Mid-South Atlantic Strategic Location Privileged market access in terms of quota-free and duty-free entry into the West Africa (ECOWAS), the European Union (SGP+) and The USA
More informationIslamic Corporation For The Development Of The Private Sector, Member of IsDB Group
Islamic Corporation For The Development Of The Private Sector, Member of IsDB Group Alleviating Disparities in LDCs Through Industrial Estates Bakkar Ali Maasher, SEZ Program Manager Istanbul, 10 May 2011
More informationKENYAN INVESTMENT CLIMATE. Martin Mutuku General Manager Kenya Investment Authority
KENYAN INVESTMENT CLIMATE Martin Mutuku General Manager Kenya Investment Authority Outline Kenya Investment Authority Kenya Investment Climate A reality check Business Reforms in Kenya Opportunities Looking
More informationThe Impacts of the Proposed EU-Libya Trade Agreement
MPRA Munich Personal RePEc Archive The Impacts of the Proposed EU-Libya Trade Agreement Clive George and Oliver Miles and Dan Prud homme University of Manchester, MEC International, DEVELOPMENT Solutions
More informationInvestment Policy Review. Djibouti
United Nations Conference on Trade and Development Investment Policy Review Djibouti Summary UNITED NATIONS New York and Geneva, 2013 Summary Located on the coastline of the Horn of Africa, Djibouti is
More information3 Manufacturing Diversifying the manufacturing base Setting up of a modular near shore mobile oil refinery and onshore storage facilities at Albion. O
1 Fostering a wave of modern entrepreneurs 2 CREATING MORE JOB OPPORTUNITIES FOR ALL 1 2 Suspension of trade fees for licenses of MUR 5000 and below for a period of 3 years 8 years tax holiday extended
More informationREPUBLIC OF TURKEY PRIME MINISTRY
REPUBLIC OF TURKEY PRIME MINISTRY Investment Support and Promotion Agency of Turkey ISPAT Ismail Bitirim Senior Project Director Investment Climate in Turkey Beautiful landscape... Combination of contemporary
More informationMAURITIUS LEADING INDEPENDENT LAW FIRM
MAURITIUS LEADING INDEPENDENT LAW FIRM 3 BLC ROBERT OUR FIRM BLC Robert is the leading independent business law firm in Mauritius. The firm has 4 partners and over 40 locally and internationally-trained
More informationPre-budget economic analysis Key facts and figures
Pre-budget economic analysis Key facts and figures June 2008 Advisory Table of Contents Page 1 Macro-economic overview 1 2 External sector 10 3 Government finance 16 Appendix 1 - Glossary 21 Section 1
More informationCan Malaysia Create Better Returns for Global Investors? Dato Richard Azlan Abas Chief Executive Officer MALAYSIAN DIRECTORS ACADEMY (MINDA)
Can Malaysia Create Better Returns for Global Investors? Dato Richard Azlan Abas Chief Executive Officer MALAYSIAN DIRECTORS ACADEMY (MINDA) Can Malaysia Create Better Returns for Global Investors? Malaysia
More informationThe EU and Vietnam: Taking (Trade) Relations to the Next Level
The EU and Vietnam: Taking (Trade) Relations to the Next Level EIAS Briefing Seminar 27 April 2016 The EU-Vietnam Free Trade Agreement is part of the evolution of Vietnam since it joined the WTO in 2007.
More informationAt the heart of Europe: The Luxembourg Economy in a nutshell. Carlo Thelen, Director General, Chamber of Commerce
At the heart of Europe: The Luxembourg Economy in a nutshell Carlo Thelen, Director General, Chamber of Commerce Agenda Luxembourg: Country & Economy snapshot Key sectors 2 Country snapshot The open and
More informationMarket Brief on Belgium
Market Brief on Belgium Jan 2018 Location Facts and Figure Total Population 11.3m (2016. est) Area 30,528 sq km Time Zone UTC +01:00 Capital City International Telephone Code Currency Exchange Rate (02/02/18)
More informationMULTINATIONAL COMPANIES CODE IN THE UDEAC *
International Investment Instruments: A Compendium MULTINATIONAL COMPANIES CODE IN THE UDEAC * The Multinational Companies Code in the UDEAC (Customs and Economic Union of Central Africa) was adopted on
More informationSub- Saharan Africa and Kenya: risks and opportunities
Sub- Saharan Africa and Kenya: risks and opportunities This paper has been prepared by: Ivano Gioia, SACE Abstract After the negative record registered in 2016, the economic growth of Sub- Saharan Africa
More informationKENYA: TRIST Brief. Prepared by Anneke Hamilton
KENYA: TRIST Brief Prepared by Anneke Hamilton Overview Kenya is one of East Africa s main trade and finance centers. The agriculture sector plays an important role in the economy, employing over 75% of
More informationGOLDEN MAHARASHTRA. Leading India
GOLDEN MAHARASHTRA Leading India China US India Japan Brazil Russia Mexico Germany France UK Italy Canada Growth prognosis - year 2000 vs. year 2020 0 5,000 10,000 15,000 20,000 25,000 GDP (US$bn) Goldman
More informationUNCTAD S LDCs REPORT 2013 Growth with Employment for Inclusive & Sustainable Development
UNCTAD S LDCs REPORT 2013 Growth with Employment for Inclusive & Sustainable Development Media briefing on the Occasion of the Global Launch Dhaka: 20 November 2013 Outline q q q q q q q Information on
More informationMANUFACTURING SECTOR PROFILE
MANUFACTURING SECTOR PROFILE MANUFACTURING SECTOR Manufacturing has an immense potential in Fiji. The Fijian government is building a sustainable and globally competitive manufacturing sector through targeted
More informationEXTERNAL SECTOR: RECENT TRENDS AND CHALLENGES Bangladesh Economic Update. October 2015
EXTERNAL SECTOR: RECENT TRENDS AND CHALLENGES Bangladesh Economic Update October 2015 Bangladesh Economic Update Volume 06, No. 09, 2015 Acknowledgement Bangladesh Economic Update is a monthly publication
More informationOCR Economics A-level
OCR Economics A-level Macroeconomics Topic 4: The Global Context 4.5 Trade policies and negotiations Notes Different methods of protectionism Protectionism is the act of guarding a country s industries
More informationInvestment Development Authority of Lebanon Arab Spanish Investment Forum 2011
Investment Development Authority of Lebanon Arab Spanish Investment Forum 2011 Wednesday October 26 th Headlines 1. ABOUT LEBANON 2. CURRENT TRENDS IN SPANISH LEBANESE TRADE 3. SPANISH COMPANIES AND LEBANON
More informationBY CHARGE D AFFAIRES KENYA HIGH COMMISSION KUALA LUMPUR MS. DORCAS RUKUNGA
BY CHARGE D AFFAIRES KENYA HIGH COMMISSION KUALA LUMPUR MS. DORCAS RUKUNGA Total landmass of 329,845 km 2 Kuala Lumpur is the Capital city Putrajaya is administrative centre. Population 31.0 Million (2015)
More informationThink Global, think Portugal
Think Global, think Portugal 2008 CONTENTS www.portugalglobal.pt 3 About aicep Portugal Global Structure and Services Recent Awards 4 6 About Portugal Portugal Offers Investors Access to Markets Investment
More informationSpecial Economic Zones as a Trade Facilitation Measure. Asia Pacific Trade Facilitation Forum 2011
Special Economic Zones as a Trade Facilitation Measure Asia Pacific Trade Facilitation Forum 2011 SEZs presentation content: 1. What are SEZs and what role do they play? 2. Experience with SEZs and emerging
More informationInvestment potential of Samarkand SAMARKAND 2018
Investment potential of Samarkand SAMARKAND 2018 The main facts about Samarkand Area 16.8 thns. km 2. Gold Uranium Population 3,7 million Copper Zinc Gas/oil Density Languages spoken Natural resources
More informationIndustrial Parks in Ethiopia
Industrial Parks in Ethiopia Incentives Package ETHIOPIAN INVESTMENT COMMISSION CONTENTS Why Invest in Ethiopia? 2 Industrial Parks 4 Industrial Parks Incentives 6 Income tax exemption in industrial parks
More informationINTERCONTINENTAL TRUST NEWSLETTER
INTERCONTINENTAL TRUST NEWSLETTER volume 7. issue 18 Impeccable Service Intelligent Solutions Mauritius Budget 2015-16 The first budget of the newly elected government was presented by the Honourable Minister
More informationSTRUCTURING INVESTMENTS INTO AFRICA THROUGH MAURITIUS/ESTATE PLANNING AND WEALTH MANAGEMENT FOR HIGH NET WORTH INDIVIDUALS IN EAST AFRICA (KENYA)
STRUCTURING INVESTMENTS INTO AFRICA THROUGH MAURITIUS/ESTATE PLANNING AND WEALTH MANAGEMENT FOR HIGH NET WORTH INDIVIDUALS IN EAST AFRICA (KENYA) Presentation by Mona K. Doshi Senior Partner Anjarwalla
More informationMauritius: An Investment Gateway to Africa
Gary Gowrea, Managing Director, Cim Tax Services With its strategic geographic location between Asia and Africa and its stable regulatory environment, Mauritius looks set to strengthen its position as
More informationThe European Social Model and the Greek Economy
SPEECH/05/577 Joaquín Almunia European Commissioner for Economic and Monetary Affairs The European Social Model and the Greek Economy Dinner-Debate Athens, 5 October 2005 Minister, ladies and gentlemen,
More informationSAMOA S SMOOTH TRANSITION STRATEGY REPORT
SAMOA S SMOOTH TRANSITION STRATEGY REPORT 1 31 DECEMBER 2015 OVERALL ASSESSMENT OF THE TRANSITION PROCESS Background: Samoa graduated out of LDC status on 1 st January 2014. The Government decided that
More informationSri Lanka: Next Trade and Investment Destination in Asia. Presentation by Mr. M P T Cooray May 2017
Sri Lanka: Next Trade and Investment Destination in Asia Presentation by Mr. M P T Cooray May 2017 1 South Asian Region Quarter of the World Population Accounts for 3% of global gross domestic product
More informationSECURING THE SOCIETY IN SALUSIA
SECURING THE SOCIETY IN SALUSIA 1 PROBLEM STATEMENT As the advisor to the Finance Minister of Salusia, you have been tasked to recommend measures to address the challenges related to social security and
More informationMAURITIUS A jurisdiction of choice
MAURITIUS A jurisdiction of choice Equinoxe Alternative Investment Services (Mauritius) Limited offers various local services in addition to the services provided by Equinoxe globally. WHY MAURITIUS? Strategically
More informationMeeting of Experts on Debt Burden in the Caribbean Region Proposed measures to stimulate economic growth: Regional Perspective OECS Secretariat
Meeting of Experts on Debt Burden in the Caribbean Region Proposed measures to stimulate economic growth: Regional Perspective OECS Secretariat Port of Spain Trinidad and Tobago 24 February 2014 Framework
More informationMAURITIUS LEADING INDEPENDENT LAW FIRM
MAURITIUS LEADING INDEPENDENT LAW FIRM 3 BLC ROBERT & ASSOCIATES OUR FIRM BLC Robert is the leading independent business law firm in Mauritius. The firm has five partners and over 30 locally and internationally-trained
More informationKazakhstan: on the wave of structural reforms. Aset Irgaliyev, PhD First Deputy Chairman Economic Research Institute
Kazakhstan: on the wave of structural reforms Aset Irgaliyev, PhD First Deputy Chairman Economic Research Institute September 2015 New economic reality: transformation of global economy Over the last 12
More information10 th Meeting of the COMCEC Trade Working Group: Special Economic Zones in the OIC Member States. WELCOME To Economic Zones of Bangladesh
10 th Meeting of the COMCEC Trade Working Group: Special Economic Zones in the OIC Member States WELCOME To Economic Zones of Bangladesh 1 Bangladesh at a Glance Official Name: The People s Republic of
More information