World Investment Report 2013: Mauritius Recognized as Financial Center

10 years, 10 months ago - June 28, 2013

The World Investment Report (WIR) 2013 the United Nations Conference on Trade and Development (UNCTAD) released Thursday shows that among African small island states, Mauritius has a real diversification of its economy and offers the benefits of a center Finance in the Indian Ocean.

The report entitled 'Global Value Chains: Investment and Trade for Development' highlights the diversification of the economy of Mauritius. Based formerly solely on agriculture, textiles and tourism, it has gradually turned also to the overall business, outsourcing, real estate and medical tourism. The advantage of Mauritius as a financial center in the Indian Ocean is the network of treaties and agreements to avoid double taxation treaties. With 39 Investment Promotion and Protection Agreements (IPPA) and 43 Double Taxation Avoidance Agreements (DTAA), the report indicates that in terms of inflows and outflows, Mauritius is ranked in the Top 5 of the small island states which include 29 countries.

The report notes that overall foreign direct investment (FDI) declined by 18% or $ 1.35 trillion in 2012 and developing countries have received the majority of FDI for the first time, accounting for 52 % of global FDI flows. The report also indicates a more dynamic levels of investment recovery takes longer, mainly due to the fragility and uncertainty. For this year, UNCTAD provides that the amount of FDI will be similar to 2012 with a slight increase to $ 1.45 trillion. "With the improved macroeconomic conditions and a renewed confidence among investors, FDI flows are expected to increase to $ 1.6 trillion in 2014 and $ 1.6 trillion in 2015," notes do we .

The WIR is an annual publication that focuses on global FDI and measures to improve the contribution of FDI to development.

Text by Le Matinal

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