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

2. Track Record – Sustained Growth Average GDP Growth (1970-2005) 5.2% Average Per Capita GDP Growth (1970- 2005)4%

3. THE NEW ECONOMIC CONTEXT Globalisation Loss of preferences Economic diversification strategy

4. ECONOMIC INDICATORS 2005 % GDP3.1 Investment rate21 Unemployment 9.5

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

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

7. IMPLEMENTING REFORMS -Financial Services Development Act 2001 -Companies Act 2001 -Telecommunications Act 2001 - Education Act 2005 - Public Utilities Bill - Investment Climate Assessment - White Paper on Labour Laws

8. 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

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

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

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

12. 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