An investment seminar between China and Mauritius was held in Port Louis, capital of Mauritius on November 13. Vice Chairman of China Council for the Promotion of International Trade (CCPIT) Zhang Wei, and Managing Director of the Board of Investment (BOI) of Mauritius Ken Poonoosamy attended and addressed the seminar.
Zhang Wei noted, China and Mauritius have complementary economies. The China-advocated “Belt and Road” Initiative and Mauritius’ “Vision 2030” development strategy are highly compatible with each other. Both sides have huge potentials for cooperation in finance, tourism, manufacturing, telecommunications and other industries. CCPIT will foster cooperation with the BOI of Mauritius to promote more Chinese enterprises to invest in Mauritius to achieve mutual benefits and win-win results for businesses of both sides.
Ken said the BOI of Mauritius will provide favorable policies to facilitate foreign investment. He welcomed more Chinese investment in Mauritius.
A Memorandum of Understanding (MoU) was signed between CCPIT and the BOI of Mauritius. Enterprises of both countries exchanged business information at the seminar.
Meanwhile, Zhang Wei also met with Marday Venkatasamy, Vice President of the Mauritius Chamber of Commerce and Industry (MCCI) in Port Louis. Zhang hailed Mauritius a country with social stability, perfect legal system and an open market, which is considered to be an ideal investment destination. CCPIT is willing to cooperate with Mauritius to promote exchanges of companies of both sides, and assist companies in seeking cooperation partners.
Venkatasamy said MCCI will provide services for enterprises in market exploration, information consultation, product certification, etc. MCCI is expecting to cooperate with CCPIT to enhance business exchanges. A Memorandum of Understanding (MoU) was signed between CCPIT and MCCI.
During a meeting with Dev Manraj, Financial Secretary of Mauritius’ Ministry of Finance and Economic Development, Zhang Wei advocated financial cooperation between China and Mauritius.
Zhang Wei hailed Mauritius an open market and favorable investment policies, saying that Chinese enterprises will benefit from the investment environment. China will learn more policies particularly related to Mauritius’ finance so as to foster cooperation of enterprises from both countries.
Manraj noted, Mauritius adopts loose taxation and foreign exchange policies. The country is developed in offshore finance and will become a gateway for Chinese investment in Africa. He welcomed an increased Chinese investment in infrastructure construction, energy, manufacturing, etc in Mauritius. The government of Mauritius will provide more supports to facilitate cooperation of both sides.