presentation - mauritian economy1

8/6/2019 Presentation - Mauritian Economy1

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Mauritian Economy History and Contemporary Issues

Caullychurn Nitish

Executive

Research & Product Development

Global Board of Trade


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Introduction

One of the African lions driving

Africa

Role model

Best place to do business in Africa ,2008 2009

WEF Ranked 33rd Country which

best harness benefits of

international trade


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aur an conomyEvolution


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Economic HistoryMeade

High unemployment and overdependence

-Sugar Protocol of Lome Convention

1975

Tenth largest sugar exporter in the

!world


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Economic History

EC purchased 70% of sugar produced Price sometimes 5 times higher!


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Economic History Mono crop economy

Import substitution to export-led Foundation of EPZ in 1970

Duty free entry, tax holidays, free

repatriation...

Robust functioning of manufacturing

sector

Unemployment fell from 20% to < 2% !


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Economic History

1982, Multi Fibre Agreement

Inflow of Hong Kong Investors Third largest exporter of knitwear in the

world! Leading manufacturer Floreal group

1992, Freeport creation


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Economic History

Early 1980s, financial sector development

MCB first bank, Barclays bank second Offshore centre

1989, Stock Exchange of Mauritius(SEM)

Late 1990s Mauritian economy > $ 4 bn

1998 most competitive economy in

Africa (WEF)


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Economic History

Renegotiation of Lome convention

May 2000, AGOA Strict rules of origin

30,000 jobs loss, 1/3 of apparel sector jobs


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Economic History

Phased out of MFA


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Mauritius today

Sectors Contribution (2009)

Sector ector ontr ibut ion to DP growthPrimary . %0 5 point

Secondary . %0 8 point

Tert iary . %1 8 point

DP rowth

rate

. %3 1 point


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Mauritius today

Primary Sector

Cane cluster 2009, Flexi factory


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Mauritius today

Secondary Sector Export-Oriented Enterprises 413 companies


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Mauritius today

Major Export Destination


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Mauritius today

Small and Medium Enterprises

Employment of 38% of labour force

Industrial and SME Strategic Plan 2010-2013


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Mauritius today

Tertiary Sector Tourism


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Mauritius today

Main market

Chinese and Indian markets Dollar-based markets


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Mauritius today

Financial Sector segment


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Mauritius today

Double Taxation Avoidance Treaty


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Mauritius today

Inflation

Past main evolution in rate


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Mauritius todaySituation today


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Mauritius today

Unemployment


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Mauritius today

Exchange rate outlookExchange rate of major currencies versus the rupee


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Mauritius today

Interest rate outlook


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Mauritius today

Stock market volatilities

SEM total market capitalisation 13.6 %


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Mauritius today

Admission of Mauritius Telecom

SEM-7 Futures

Single Stock Futures

2nd stock exchange to offer Futures in

Africa after JSE


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Future Outlook

Economic Perspective

Pessimism up to 40% This year Very Tough

Inflation rate

60% analyst inflation rate not exceed 30%

Stock Exchange

MCB, SBM high potential for favourable growthby December 2010


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Conclusion


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THANK YOU

Questions??

presentation - mauritian economy1

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