ISLAMABAD: The governments of Pakistan and Mauritius have signed a number of trade deals which included the Preferential Trade Agreement (PTA) – an agreement on avoidance of double taxation – which have a great potential for enhancing their bilateral trade.
These agreements were signed during discussions held at the Mauritius Board of Investment, said a statement issued by Trade Development Authority of Pakistan (TDAP). TDAP Chief Executive S M Muneer, along with the high powered trade delegation from Pakistan, visited the Mauritius Board of Investment (BOI).
Welcoming the delegation, BOI Managing Director Ken Poonoosamy thanked the TDAP chief executive for bringing a diverse high powered trade delegation to Mauritius. Informing the delegation, the MD stated that the Mauritius BOI along with the Enterprise Mauritius (which is the national agency responsible for export development and promotion) has planned a hectic 2-day B2B session for all the trade delegates and hoped that their efforts at matchmaking the two private sectors from Pakistan and Mauritius would bear fruit.
It was stated that the reason for doing this B2B session in the BOI offices was to give a flavour to the Pakistani delegation of what Mauritius has to offer to the businesspersons form Pakistan. It was also briefed to the delegation that Mauritius offers a very easy and friendly trading regime offering possibilities of Joint ventures as well as easy investment possibilities.
With preferential access to almost 26 percent of the global population through PTA’s, the BOI of Mauritius as well as the Enterprise Mauritius can facilitate in building and strengthening the trade relationships between the two brotherly countries.
The BOI managing director stated that they felt honoured by visit of this trade delegation and hoped that today’s B2B session would help in facilitating trade and investment between Pakistan and Mauritius. Mauritius Chamber of Commerce and Industry Secretary General Raju Jaddoo also welcomed the trade delegation from Pakistan. He informed that Services sector contributed to more than 60 percent of the national GDP of $9200 in 2013. With FDI of more than $2 billion per annum in various diverse sectors, Mauritius offers a large potential for trade and investment for Pakistani businessmen in the services and good sectors, he said.
