Mauritius | Hi-Tech

April 10, 2013

Narainduth Boodhoo "Making Services the Main Engine of Development"

The Mauritian economy is on a new path with the reform process. And this, with emphasis on diversification of economic base of the country. The goal: to make the services sector the most important pillar of economic development.

This was said Narainduth Boodhoo, Deputy Director, International Trade Division, Ministry of Foreign Affairs, Regional Integration and International Trade, Monday national consultations to establish the supply of Mauritius for the negotiations SADC trade services Labourdonnais Waterfront Hotel.

Narainduth Boodhoo indicates that Maurice is currently in the process of negotiations for several trade services, namely, the World Trade Organization (WTO), with the European Union (EU) in the framework of the Economic Partnership Agreements (EPAs) . It is a process similar to the SADC and COMESA various bilateral negotiations with several countries to liberalize trade in services. Recalling that more than 65% of the GDP of Mauritius consists of the services sector, he said that more emphasis is placed on the service sector, which is becoming the main driver of economic development and should employ a large majority of Mauritians.

Until we sort of impasse in the negotiations are in the WTO, Narainduth Boodhoo indicates that Mauritius wants to join the 19 countries already engaged in a process of liberalization of trade in services. A process that is likely to be joined by other countries later.

In the EPAs with the EU, Mauritius is the first country to have already done the 'schedule of Commitments' to finalize the agreement will constitute the legal framework for the liberalization of trade in services. In COMESA, much progress has been made with the legal framework and a 'package' of four priority sectors, namely transport, financial services, tourism and telecommunications.

It thus gives consistency with what is happening within the SADC. In addition, three additional areas have been identified, namely the construction, energy and professional services.

Within SADC priority areas that have been identified are tourism, telecommunications, transport, financial services and energy and construction and the Protocol on Trade in Services was signed last year except made in Angola, South Africa, Namibia and Zimbabwe.

In addition to the development of trade in services with the elimination of barriers Narainduth Boodhoo says that the goal is to create the conditions in Mauritius for better investment flows  in the region. This, along with a lot of potential for professional Mauritian working in the region.

 

 

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