Foire Agro Commercial and Industrial Maputo (FACIM) 2019 | Consolidating Trade Relations with Mozambique
In line with the Government’s policies of market diversification and regional integration, the Economic Development Board of Mauritius (EDB) is participating for the first time in “Foire Agro Commercial and Industrial Maputo (FACIM) 2019” which is being held from the 26th August to 02nd September 2019 at Marracuene, Mozambique.
The Economic Development Board led a delegation of 7 Mauritian enterprises to the trade exhibition. The event provides a unique platform for Mauritian enterprises to showcase their savoir-faire and meet potential buyers for their products.
The Economic Development Board will leverage on its first participation in FACIM 2019 to tap into new opportunities, develop new markets, keep abreast with the latest and evolving trends and connect with major players in the industry.
Mauritius and Mozambique share 25 years of bilateral relations. During his state visit for the Commemoration of the 184th Anniversary of the Abolition of Slavery in Mauritius, His Excellency Filipe Jacinto Nyusi, President of the Republic of Mozambique invited the Mauritian business community to tap into the vast opportunities Mozambique has to offer. He also encouraged the setting up of joint ventures between Mauritian and Mozambican businesses and expressed his determination to forge stronger collaboration with Mauritius and enhance both trade and investment.
The President of Mozambique graced the opening ceremony of FACIM 2019 on 26th August 2019. His Excellency visited the Mauritian pavilion and commended the EDB for leading a delegation of Mauritian operators for its participation in FACIM 2019.
His Excellency Mr. Jean Pierre Jhumun, High Commissioner of Mauritius in Mozambique stated that Mauritian participation is crucial to explore trade opportunities with Mozambique and the sustained participation of Mauritius in future editions will ensure maximum visibility and market penetration for Mauritian products and services. The decision to participate in FACIM 2019 is also in line with the Government’s Vision 2030 program to further export and diversify its products and services on the African continent.
The High Commissioner also stated that the neighbouring countries of Botswana, Malawi, Kenya, Swaziland, Tanzania and Zambia represent some 100 million consumers having an average purchasing power of MUR 100 per day. With the coming into operation of the African Continental Free Trade Agreement (AfcFTA), a gamut of opportunities will open for Mauritian entrepreneurs and dedicated promotional efforts must be undertaken to tap potential market opportunities, provided air & maritime connectivity is enhanced between Mauritius and these markets. In consequence, this is expected to result in substantial increase in production capacity due to increase in demand, thereby providing additional employment in Mauritius.
FACIM is a multi-sectoral Trade Fair organized by the Institute for Support to Export (IPEX) and aims to facilitate contacts with international exhibitors/visitors and stimulate consumption and economic integration in the Mozambican economy. The 7-day event will see the participation of over 100,000 visitors from more than 30 countries and feature over 1000 national and international exhibitors.
In 2018, Mauritius total exports to Mozambique amounted to MUR 119.9 million while Mauritius total imports from Mozambique amounted to MUR 297 million. Mauritius domestic exports to Mozambique amounted to MUR 7.1 million in 2018.