The Diplomatic Society

 
  • Increase font size
  • Default font size
  • Decrease font size

Enlarged FTA for Africa by 2016

Nitin Pandea, Senior Director for the Board of Investment, Mauritius addressing guests. High Commissioner Dossa is pictured 3rd from right front row

 

Nitin Pandea, Senior Director for the Board of Investment, Mauritius addressing guests. High Commissioner Dossa is pictured 3rd from right front row


Speaking at the Mauritius Business Forum in Sandton, Johannesburg H.E Ismael Dossa, Ambassador of Mauritius to South Africa, said that by 2016 a free trade area combining the regional bodies of COMESA (Common Market for Eastern and Southern Africa) EAC (East African Community) and SADC (Southern African Development Community) will become a reality.

Tackling the stifling bureaucracy and visa policies is a key challenge.  26 African countries with a combined population of nearly 600 million and a total GDP of US$ 1 trillion make up the COMESA-EAC-SADC tripartite. The main objective is to strengthen and deepen African economic integration through harmonisation of policies and programmes in the areas of trade, customs and infrastructure development.

In his presentation at the Business Breakfast, Nitin Pandea, Senior Director for the Board of Investment, Mauritius, showcased the vital statistics of this Indian Ocean Island nation which has developed a significant financial services and manufacturing sector. Pandea also informed South African business of the many incentives offered to investors. These include 100% foreign ownership of land, no exchange controls, international standard education and health services among others.

Driving the African integration agenda, many investments on the continent are being channelled through Mauritius, said Pandea.

South Africa and Mauritius are major trading partners said Pandea,  pointing out that already 1500 permits have been issued to South Africans who operate businesses, work as professionals or own property in Mauritius.

 


 
 
 
 
 
 
 
 
_________________________________________________

January 2018

 
 
_________________________________________________

Translater


 
 

 
 
 
 

 
 
 

 
 
 
 
 
 
 
 
 
 
 
 

Modest Prosperity 12 December 2017 A book review by K Bhana A seminar was hosted by the Human Sciences Research Council (HSRC) and the Embassy of the PRC in South Africa to launch the second... <|> 54th Jamhuri Day Celebrations 15 December 2017 HE Jean N. Kamau, High Commissioner of Kenya to South Africa, hosted the 54th Jamhuri day Celebrations in Pretoria on 7 December 2017. The... <|> SA eyes World Science Forum 14 December 2017 South Africa has thrown its hat into the ring to host the World Science Forum in 2021. Initially held only in Hungary, central Europe, this biennial... <|>   Media and Advertising 14 February 2018 We took a peep into the future of advertising this February when RTAd Ltd, part of Iocono Holdings from London, became Global Media Innovator, GMI... <|> 26th Independence Anniversary of Kazakhstan 15 December 2017 21 journalists from 15 countries were invited for an eight day whirlwind tour of three major cities of Kazakhstan, in the heart of... <|> Easing travel regulations between South Africa and Kenya 3 May 2016 South Africa and Kenya have announced measures that will make travelling between the two countries easier. South African Home... <|> <|> SA Agulhas II sets sail for the 57th Antarctica expedition 15 December 2017 Not long after the SA Agulhas II set off on the International Indian Ocean Expedition, the vessel has once again left the... <|> <|> Finland at 100 15 December 2017 Ambassador Kari Alanko of Finland hosted a reception to celebrate Finland's 100th birthday. Photo: Ambassador Alanko (bottom right) pictured with embassy staff ant... <|>
© copyright 2011-2017| The Diplomatic Society| All Rights Reserved.