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Mauritius reaffirms its commitment to enhance and strengthen Economic & Bilateral Ties with Mozambique

In the margin of the State Visit of The President of the Republic of Mozambique, Mr Filipe Jacinto Nyusi, Chief Guest for the Commemoration of the 184th Anniversary of the Abolition of Slavery in Mauritius, the Economic Development Board hosted a Business Forum & Networking Event on 2nd February 2019 at the Hilton Mauritius. The objective of the business forum was to facilitate and strengthen cooperation between the two countries.  

Honourable Seetanah Lutchmeenaraidoo, G.C.S.K, Minister of Foreign Affairs, Regional Integration and International Trade graced the opening ceremony which was attended by a high-level delegation from Mozambique and saw the participation of over 250 delegates comprising representatives of the Mauritian business community and entrepreneurs.

During the Business Forum, the Economic Development Board has signed a Memorandum of Understanding (MoU) with the Confederation of Business Associations of Mozambique (CTA) with a view to further consolidating and stimulating trade and investment between the two countries.

His Excellency Filipe Jacinto Nyusi – President of the Republic of Mozambique- has invited the Mauritian business community to tap into the vast opportunities in Mozambique in pursuit for economic development & prosperity for both countries.   He also encouraged the setting up of joint ventures between Mauritian and Mozambican businesses and expressed his determination to further forge stronger collaboration with Mauritius to enhance trade and investment.

During his welcome address, Mr. Azim Currimjee, the Vice Chairman of the Economic Development Board, emphasized the importance of bolstering trade relations, increasing intra-trade as well as reducing trade deficits between Mauritius & Mozambique.

Speaking about cultural ties, he stated that our two countries share longstanding relations which has marked history, leaving a rich cultural heritage that is today embedded in the Mauritian society.

He pointed out that both countries are interconnected, possess inherent similarities and share a common vision regarding economic development and regional integration. Mauritius and Mozambique have established several bilateral agreements, including the Double Taxation Avoidance Agreement (DTAA) and the Investment Promotion and Protection Agreement (IPPA), with a view to boost trade and investment between the two countries. He has further underscored that this Business Forum bears testimony to the willingness to strengthen a new economic impetus and spark avenues of collaboration between Mauritius and Mozambique.

In his keynote address, Honourable Jose Condungua Antonio Pacheco, Minister of Foreign Affairs and Co-operation of the Republic of Mozambique, has expressed the commitment of the Mozambican Government to position Mozambique as a safe and strategic destination for investment in Southern Africa.  

He has also underlined that various projects are being implemented in Mozambique which represent substantial investment opportunities for Mauritian investors and entrepreneurs in areas such as agricultural production, marketing, infrastructure construction, logistics, professional training, consultancy services and new technologies.

It should also be highlighted that the Economic Development Board of Mauritius (EDB) and the Mozambique Agency for the Promotion of Investment and Exports (APIEX) have signed a Memorandum of Understanding on Thursday the 31st of January 2019 in the presence of H.E Mr. Filipe Jacinto Nyusi, President of the Republic of Mozambique and our Honorable Prime Minister, Pravind Kumar Jugnauth, with a view to enhancing institutional collaboration and boosting economic cooperation.

The event also provided a unique opportunity to showcase investment & trade opportunities and acted as a B-to-B networking platform.