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Topic: Economy of Mauritius

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	Mauritius (06/07)
		Mauritius was populated over the next few centuries by waves of traders, planters and their slaves, indentured laborers, merchants, and artisans.
		In 1810, Mauritius was captured by the British, whose possession of the island was confirmed 4 years later by the Treaty of Paris.
		Mauritius has one of the most successful and competitive economies in Africa; 2006 GDP at market prices was estimated at $6.5 billion and per capita income at $5,214, one of the highest in Africa.
	www.state.gov /r/pa/ei/bgn/2833.htm (2912 words)

	Economy of Mauritius
		Mauritius has witnessed a massive development in the last decades.
		From a monocrop economy, depending mainly on sugar, it has diversified its economic activities into, textile and apparel industry, tourism and financial services.
		The aim is to make Mauritius a centre for high-tech and software services, which can be exported.
	www.mauritius-embassy.de /economy.php (177 words)

	MAURITIUS-ECONOMY: Helping the Sugar Industry Regain its Sweetness
		Today, Mauritius exports about 505,000 tons of raw sugar to the European Union under a preferential trade arrangement, about 30,000 tons to the United States and some 54,000 tons of other kinds of sugar products to buyers in European countries.
		Small farmers are utilising 21,000 of the 72,000 hectares of land under cane cultivation.
		Sugar has been associated with Mauritius for 367 years and has shaped the history and culture of the island.
	www.ipsnews.org /news.asp?idnews=35425 (979 words)

	Mauritius ECONOMY
		The Mauritius economy, diverse and conservatively managed, is based on export-oriented manufacturing (mainly clothing), sugar, and tourism.
		The economy grew at an impressive average rate of 6% in the early 1980s.
		Between 1988 and 1998, the economy was estimated to have grown at an annual rate of approximately 5.3%, which is approximately where it stood in 2001.
	www.nationsencyclopedia.com /Africa/Mauritius-ECONOMY.html (390 words)

	Mauritius - MSN Encarta
		Mauritius, independent island republic in the western Indian Ocean, east of Madagascar, a member of the Commonwealth of Nations.
		The country includes the island of Mauritius, with an area of 1,865 sq km (720 sq mi); the island of Rodrigues (104 sq km/40 sq mi) to the east; the Agalega Islands to the north; and the Cargados Carajos Shoals to the northeast, which have a combined area of 71 sq km (27 sq mi).
		The population of Mauritius (2006 estimate) is 1,240,827.
	encarta.msn.com /encyclopedia_761574558_1____4/Mauritius.html (489 words)

	MAURITIUS
		Mauritius has a significant number of local lawyers and accountants who can provide resident directors, maintain local bank accounts, record official "minutes", hold board meetings and submit the annul audited accounts.
		Mauritius, in the Indian Ocean 500 miles east of Madagascar, is a little island democracy about 2/3rds the size of Rhode Island.
		Mauritius is politically stable, although the government is run by former leftists who balked at carrying out radical socialistic policies in 1983 to redistribute the sugar cane fields owned mainly by French-Mauritian families.
	www.taxhavenco.com /osm/taxhavens/Mauritius.html (1231 words)

	Jamaica Gleaner News - Mauritius sugar mill expands despite EU cuts - Tuesday \| December 26, 2006
		Mauritius - which sells more than 88 per cent of its annual sugar production to the continent - is coming to terms with European Union plans to slash prices for the sweetener by 36 per cent over four years.
		Mauritius, which produces roughly half a million tonnes of sugar a year, has 38 per cent of the European sugar quota from African, Caribbean and Pacific countries.
		Mauritius is testing a mix of 10 per cent ethanol and 90 per cent petrol in cars - although Brazil, one of the leading consumers of ethanol for cars, uses 23 per cent ethanol, which may rise to 25 per cent.
	www.jamaica-gleaner.com /gleaner/20061226/business/business1.html (645 words)

	Economy of Mauritius
		Mauritius has one of the strongest economies in Africa, with a GDP of $4.1 billion in 1997 and per capita income of $3,600.
		For its part, the government is encouraging investment in services with the goal of establishing Mauritius as a regional trade and financial center for commerce between Africa and the Far East.
		There are about 275 textile factories in Mauritius exporting to Europe and the United States.
	www.xasa.com /wiki/en/wikipedia/e/ec/economy_of_mauritius.html (678 words)

	WTO \| News - speech - DG Supachai Panitchpakdi - National Day Celebrations
		Mauritius, as he saw it, was too dependent on one commodity — sugar, too vulnerable to terms of trade shocks, too overpopulated and had too much potential for ethnic tensions.
		He said, “You gather the idea that Mauritius was made first, and then heaven, and that heaven was copied after Mauritius.” Being here, in a country where the sun and the people are as generous as the sea is turquoise, it is indeed easy for me to understand and share his sentiments.
		Mauritius is fortunate in that economic adjustment is not new to this island.
	www.wto.org /english/news_e/spsp_e/spsp23_e.htm (2706 words)

	Mauritius Welcomes You - The Official Site for Mauritius
		Mauritius is a blend of diverse cultures and religions.
		Mauritius is located approximately 2000 kilometres to the south eastern coast of Africa and lies east of Madagascar on 20°5, 57.5E.
		Mauritius is 45km in width and 65km in length.
	www.mauritius.net /general_info/index.php (1121 words)

	Trade Compliance Center - Making America's Trade Agreements Work for You!
		Mauritius maintains bilateral trade agreements with the Central African Republic, Egypt, Hungary, Madagascar, Pakistan and Zimbabwe and is a beneficiary of the GSP schemes of Australia, Austria, Canada, the EU, Japan, Norway, Switzerland and the United States.
		Mauritius is a tropical island of volcanic origin with a land area of approximately 1865 sq.
		The objective of the Government of Mauritius is to improve the quality of life of the population through a sustainable level of export-led economic growth and the participation of the entire population in the process of economic development.
	tcc.export.gov /Country_Market_Research/All_Research_Reports/exp_005784.asp (4867 words)

	Mauritius as a tax haven (Site not responding. Last check: 2007-10-28)
		Mauritius, a tiny speck in the Indian Ocean, with a population of 1.2 million and an economy one-hundredth the size of the Indian economy, is the biggest exporter of capital to India.
		Mauritius is also reportedly the base of much of the hedge funds that are reported to be active in the current boom.
		He said that third-country entities were using the provisions of the DTAC to establish "conduit companies" in Mauritius and using them as vehicles to invest in India with the sole objective of dodging tax in India.
	www.flonnet.com /fl2023/stories/20031121002108900.htm (2455 words)

	Macroeconmic Environment
		The gradual taxation reform of Mauritius is meant to achieve a fine balance between enabling the country to smoothly integrate the world economy on the one hand while not being detrimental tothe budget situation of the country on the other.
		Mauritius has been committed to trade liberalisation at the regional level since July 1 994 when a major reform programme concerning taxes on international trade was implemented.
		Indeed, Mauritius has one of the highest ratios of trade of goods and services to GDP in the world exceeding 1 33% in 1 998.
	library.thinkquest.org /C0110237/Economy_/Macroeconmic_Environment/macroeconmic_environment.html (1325 words)

	Mauritius - Information from Reference.com
		Mauritius is a parliamentary democracy governed under the constitution of 1968, as amended in 1992.
		Mauritius (pronounced: məˈɹɪʃəs; Maurice /mɔʀis/; Mauritian Creole: Moris), officially the Republic of Mauritius (République de Maurice), is an island nation off the coast of Africa in the southwest Indian Ocean, about 900 kilometers (560 mi) east of Madagascar and about 3,943 kilometers (2,450 mi) southwest of India.
		Although the Government of Mauritius agreed to the move at the time, subsequent administrations have laid claim to the islands stating that the divestment was illegal under international law - a claim recognised by the United Nations.
	www.reference.com /search?q=Mauritius (3147 words)

	Mauritius Introduction (Site not responding. Last check: 2007-10-28)
		During the 1980s and 1990s, the economy became increasingly diversified as manufacturing and tourism gained momentum and the relative importance of sugar subsequently declined.
		Moreover, Mauritius was granted third country fabric derogation for a period of one year under the United States Miscellaneous Tariff Bill with retroactive effect as from 1 October 2004.
		The ICT is expected to evolve as the fifth pillar of the Mauritian economy in the near future, as it is expected to create some 15,000 jobs within the next five years.
	www.sadcreview.com /country_profiles/mauritius/mau_introduction.htm (934 words)

	USTR - United States and Mauritius Sign Agreement to Strengthen and Expand Trade Relations
		Mauritius is a well-established, multiparty democracy that has a market-based economy with a strong and dynamic private sector.
		Mauritius, with its large textile sector, is a major beneficiary of the African Growth and Opportunity Act (AGOA).
		Exports from Mauritius under AGOA and the Generalized System of Preferences were valued at $152.6 million in 2005, accounting for 69 percent of its total exports to the United States.
	www.ustr.gov /Document_Library/Press_Releases/2006/September/United_States_Mauritius_Sign_Agreement_to_Strengthen_Exp_Trade_Relations.html (600 words)

	AllRefer.com - Mauritius - Economy \| Mauritian Information Resource
		The 1970s were marked by a strong government commitment to diversify the economy and to provide more high-paying jobs to the population.
		The economy had slowed down by the late 1980s and early 1990s, but the government was optimistic that it could ensure the long-term prosperity of the country by drawing up and implementing prudent development plans.
		Overall, Mauritius had a 1993 gross domestic product (GDP--see Glossary) estimated at US$8.6 billion, with a growth rate of 5.5 percent, and a 1993 inflation rate of 10.5 percent.
	reference.allrefer.com /country-guide-study/mauritius/mauritius25.html (545 words)

	Mauritius Times
		At a time when some conservative forces in Mauritius are worried about the increasing Indian presence in various sectors of our economy, Mauritius is faced with one of the most difficult and potentially damaging issues that have come between the two countries.
		Mauritius wants to develop its services sector and expects that financial services will drive the development of the services sector as a whole.
		Whatever may be the reasons behind the present move to deprive Mauritius of its comparative advantage in promoting itself as a financial services sector, there is no doubt that any gain to India with FDI flowing directly rather than through Mauritius would be minimal compared to the extent of the loss to Mauritius.
	www.mauritiustimes.com /031106bal.htm (960 words)

	Mauritius Economy
		Mauritius has one of the strongest economies in Africa; although final figures are not yet available, 2004 GDP at market prices is estimated at $6 billion and per capita income at $4,900.
		The main engines of growth in the Mauritian economy, namely the sugar and textile industries, are faced with the erosion of preferential trade arrangements stemming from the proposed reforms of the European Union sugar regime, the phasing out of the Multi Fiber Agreement, and the increasing trend towards the globalization of world trade.
		The government is putting emphasis on the development of the ICT sector and the promotion of Mauritius as a seafood hub in the region, using existing facilities at the Freeport (free trade zones at the port and airport).
	www.traveldocs.com /mu/economy.htm (613 words)

	Mauritius Economy
		Mauritius has one of the strongest economies in Africa, with a GDP of $4.5 billion in 2001 and per capita income close to $3,800.
		With a per capita income of U.S. $3,800, Mauritius is now classified as a middle-income country and ranks, on the basis of the recent Human Development Index for 173 countries, 67th globally, 40th among developing countries, and second in Africa.
		Although the near-term outlook for growth is encouraging, the challenges facing Mauritius in the long-term are daunting.
	www.nationbynation.com /Mauritius/Economy.html (966 words)

	University of Minnesota Human Rights Library
		Mauritius provides an example of a country where structural adjustment appears to have worked to the benefit of the entire population.
		Mauritius has aptly been called a "cultural laboratory" and a "rainbow nation", in which a variety of religious and cultural groups and communities live together peacefully in a spirit of mutual respect and tolerance.
		263), that Mauritius does not have a comprehensive system of family benefits through which all families benefit in a universal manner, and that the system of family allowances should be reviewed because the present regulations penalize the very families that need the allowance most (para.
	www.umn.edu /humanrts/esc/MAURIT94.htm (1934 words)

	Mauritius \| December 2002 \| New Internationalist
		Mauritius has taken its claims to the Chagos Islands to the UN and the International Court of Justice; the remaining 500 Ilois simply want to go home.
		The economy is generally strong and has attracted the foreign investment of more than 9,000 offshore entities, many of them aimed at commerce in India and South Africa.
		Mauritius is well placed to take advantage of the Africa Growth and Opportunity Act adopted by the US Congress in 2000 – though China is also exploiting this back door to the US market with a new Mauritius-based textile factory.
	www.newint.org /columns/country/2002/12/01/mauritius (1179 words)

	Mauritius--Miracle in Africa
		But Mauritius, an island country in the Indian Ocean where the sea is turquoise, the mountains green, the sun generous, even the roadside weeds bloom like tropical gardens, has indeed accomplished a miracle: it is the only African country which has managed to provide free medical care to all its population of over 1 million.
		Mauritius, on the eve of independence in 1968, was essentially a mono-crop economy based on sugar production which accounted for 99% of export earnings, employed 25 percent of the active workforce and contributed to nearly one third of the gross domestic product (GDP).
		The success of the Mauritian economy is the result of its firm roots in political stability, good governance, clear policy orientation, consistency in the management of the economy and a staunch belief in free enterprise.
	english.peopledaily.com.cn /english/200010/05/eng20001005_51874.html (1016 words)

	Mauritius Economy Mauritius business offshore banking investing freeport stock exchange semdex
		The economy of Mauritius is based on agriculture, basically on sugar cane, textiles, light industries and tourism.
		Mauritius has attracted more than 9,000 offshore entities, many aimed at commerce in India and South Africa, and investment in the banking sector alone has reached over $1 billion.
		Mauritius, with its strong textile sector and responsible fiscal management, was well-poised to take advantage of the Africa Growth and Opportunity Act (AGOA).
	www.isla-mauricia.com /e-002-mauritius-economy.htm (382 words)

	rediff.com: Money column: Plugging the Mauritius loophole
		Mere production of a certificate from Mauritius could not be accepted as "conclusive proof", the court observed, stating that there was no provision in the DTAT between the two countries to accept the "conclusiveness of the certificate by Mauritius" as proof of the residential status of a company or a person in that country.
		It was in August 1982 that the governments of India and Mauritius signed a DTAT that was apparently aimed at boosting the economies of both countries (though the economy of Mauritius is 100 times smaller than the Indian economy).
		This is the main reason why, during the decade of the 1990s, investment flows from Mauritius exceeded Rs 14,000 crore (Rs 140 billion), a good 50 per cent higher than the inflows from the world's largest economy, namely, the United States.
	www.rediff.com /money/2002/jun/08paran.htm (1408 words)

	An MBendi Profile: An MBendi Country Profile for Mauritius including economic and travel overviews and directories of ...
		Mauritius is an independent island republic with a democratic government.
		Mauritius is emerging as a major business and financial sector in the region and in August 1995 became a member of the Southern African Development Community (SADC).
		Mauritius' competitiveness is being tested by the emergence of new low-cost competitors, phasing out of preferential trade agreements, and saturation of tourism space, as well as loss of sugar subsidies from Europe.
	www.mbendi.co.za /land/af/mr/p0005.htm (1100 words)

	WTO \| Trade policy review - Mauritius 1995
		According to a WTO Secretariat report on Mauritius' trade practices and policies, Mauritius' strong emphasis on export promotion, tourism development and its recent initiatives to promote the island as a regional trading centre have transformed its economy.
		Tourism, from which Mauritius derives substantial foreign exchange earnings is, despite concerns about environmental effects, still very much a growth industry, with foreign investment playing an important rôle in its development, although certain tourism-related activities are limited to nationals.
		Mauritius is exposed to the vagaries of the weather.
	www.wto.org /english/tratop_e/tpr_e/tp15_e.htm (4883 words)

	Index of Economic Freedom
		The economy of Mauritius is 69 percent free, according to our 2007 assessment, which makes it the world's 34th freest economy.
		Mauritius is ranked the freest out of 40 countries in the sub-Saharan Africa region, and its overall score is well above the regional average.
		Mauritius ranks 51st out of 158 countries in Transparency International's Corruption Perceptions Index for 2005.
	www.heritage.org /research/features/index/country.cfm?id=Mauritius (947 words)

	Ile-Maurice.com :: Mauritius Business Information
		Being for a long time a monocrop economy (sugar industry), Mauritius succeeded in diversifying with the secondary industries.
		Mauritius holds a per capita income of US $ 3,400 and the highest Human Development Index in the Sub-Saharan region (0.825).
		In 1992, Mauritius became the first offshore financial center in the south hemisphere.
	www.ile-maurice.com /businessinfo/index.php (130 words)

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