Export to reach Rs 42.5 billion in 2011

The export-oriented enterprises (EOE) sector, which accounts for 75 % of total exports, registered a 12.1 % growth during the first six months of 2011 compared to the same period in 2010 in spite of the economic recession in USA and Europe. Based on provisional figures, total exports this year are estimated to reach an all-time record figure of Rs 42.5 billion.

The Minister of Industry, Commerce and Consumer Protection, Cader Sayed-Hossen, made this statement this morning at a press conference in Port Louis to comment on the situation of the EOE sector. He pointed out that during the period January to June 2011, the EOE exports have reached Rs 20.9 billion compared to Rs 18.7 billion for the same period in 2010, representing an increase of 12 %.

According to the Minister, the textile and clothing sector remains a major contributor to the economy accounting for 68 % of the total EOE exports. It also provides direct employment to some 53 000 workers (11 % of labour force) and direct employment to around 150 000 persons. He recalled that the sector has recovered well from the global crisis and has recorded an increase of 15.2 % from January to June 2011 compared to the same period last year.

Statistics on exports destination show that the UK, France and USA, our main export markets, have recorded a positive increase from January to June 2011. UK registered an increase of 6.2 %, France 12 % and USA 9.7 %. On the other hand Spain, Germany, Switzerland and Netherlands are emerging markets for our exports within the European Union. Spain has registered an increase of 32.6 %, Germany 14.7 %, Switzerland 23.5% and Netherlands 66.3 %.

There is a need to have targeted export promotion campaigns in these markets to boost our exports, said the Minister. He also said that exports in the region, particularly South Africa and Madagascar, have recorded significant increases, which represent export potential for the small and medium enterprises.

A core team comprising public and private sector stakeholders has been set up at the Ministry to monitor the situation closely and to advise on measures to be put in place to mitigate the adverse impacts of the crisis. Minister Sayed-Hossen recalled that growth projection for the EOE sector is good and according to estimates of the Central Statistics Office, a 5% growth is expected in 2011.

During the press conference, the Minister also presented the 6th edition of the ‘Savoir Choisir’ magazine which focuses on topics such as glucometers, furniture, healthy eating, eco-designs and blood donation, amongst others. The magazine will be available online in all public libraries in Mauritius and Rodrigues as well as in schools and colleges. Copies will also be distributed to non-governmental organisations, Citizen Advice Bureaux and ministries. He exhorted teachers and rectors to encourage students to read the magazine as it helps to develop good reflexes as a consumer.