EU Green Deal: Unlock new market opportunities in Europe
2 Déc 2024
The Economic Development Board of Mauritius (EDB) actively participated in the Africa Growth Opportunity Act (AGOA) Exhibition held from November 2 to 4, 2023, in Johannesburg, South Africa. The EDB was invited by the Department of Trade, Industry and Competition of South Africa (DTIC).
The primary objective behind EDB’s participation was to establish Mauritius as a key investment and trade hub within the African continent. During the exhibition, the Mauritius booth attracted a diverse audience, including exhibitors and visitors from various countries and industries. They sought valuable insights into the numerous opportunities available in Mauritius, its business-friendly policies, stable political environment, and the enticing range of incentives on offer.
One significant topic of discussion at the AGOA Exhibition was the impending expiration of the AGOA agreement in September 2025. Ongoing deliberations focused on the potential extension of the agreement for at least ten more years. This extension aims to facilitate increased investment flows between Africa and the United States, enhance trade relations between the two nations, and further promote regional integration.
In a statement released by the White House on November 1st, President Joe Biden expressed strong support for the reauthorization of AGOA, underscoring the importance of this economic initiative.
