MAURITIUS The Emerging Economic Model of Mauritius Mr. Raj Makoond Director, Joint Economic Council.

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MAURITIUS The Emerging Economic Model of Mauritius Mr. Raj Makoond Director, Joint Economic Council

Track Record – Sustained Growth Average GDP Growth ( ) 5.2% Average Per Capita GDP Growth ( )4%

THE NEW ECONOMIC CONTEXT Globalisation Loss of preferences Economic diversification strategy

ECONOMIC INDICATORS 2005 % GDP3.1 Investment rate21 Unemployment 9.5

THE NEW CHALLENGES Implementing reforms Corporate re-engineering Moving form sectors to clusters Becoming a regional player

IMPLEMENTING REFORMS INTEGRATION - Corporate Tax - Value Added Tax - Customs Duty - Rationalisation of incentive regimes

IMPLEMENTING REFORMS -Financial Services Development Act Companies Act Telecommunications Act Education Act Public Utilities Bill - Investment Climate Assessment - White Paper on Labour Laws

MAURITIUS From Sectors to Clusters Cluster formation: painful process Global Competitiveness Report 2003/2004 Mauritius Finland Decentralisation of corporate activity90 7 State of cluster development31 1 Collaboration among clusters48 1

BUILDING ON EXISTING STRENGTHS Sugar Cane Cluster Textile & Fashion Cluster Hospitality Cluster

EMERGING NEW CLUSTERS Knowledge Cluster - Consultancy -Training -ICT, language and film industries Seafood Cluster Logistics and Services Cluster Environment Cluster Health Cluster

REGIONAL PLAYER Mauritius Sugar Textile Tourism Consultancy Services Banking Label “Made by Mauritius” will replace the “Made in Mauritius” label

SUGAR 1970 Monocrop Economy TEXTILESUGARTOURISM 1980 Manufacturing & Tourism TEXTILESUGARTOURISMFINANCIALSERVICESFREEPORT 1990 Manufacturing & Services Economy TEXTILESUGARTOURISM FINANCIAL SERV. ICT / BPO REAL ESTATE SEAFOOD/AQUACULTUREKNOWLEDGEHEALTHENERGY 2000 Business Platform Economic Trajectory

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