The Government of Mauritius recently responded to the 3rd Trade Policy Review by the World Trade Organisation (WTO), which was published last week.
In a statment Ambassador A. P. Neewoor, Secretary for Foreign Affairs of the Ministry of Foreign Affairs, International Trade and Cooperation revealed that the major policy
drive of Mauritius has been to establish conditions for economic stability,
sustainable growth and further integration into the international trading system,
in the face of domestic, regional and global economic developments.
For the past seven years, Mauritius has continued to implement policies aimed
at creating a more efficient, vibrant and outward looking economy, he recalled.
With regard to the economic transformation of Mauritius, Ambassador Neewoor
stated that the strategy is based on preferential trade with a view to the creation of growth and
employment through labour-intensive, export-oriented manufacturing, while maintaining
an elaborate social welfare system.
He also made reference to the new and daunting challenges which Mauritius,
as a Small Island Developing State and Net Food Importing Developing Country,
is facing:
“Like many countries, Mauritius is now facing a changing global trade
environment, which is set against a backdrop of soaring oil prices, continuing
human and supply-side capacity constraints, and public debt as well as a relatively
high unemployment rate," Neewoor stated.
Ambassador Neewoor added that in spite of the challenges confronting Mauritius
in this aspect, the long-term
prospects for the country look good.
The Trade Policy Review is a mandatory exercise to encourage members of the
World Trade Organisation to be transparent in the formulation and implementation
of trade policies, and to ensure that they are in compliance with their obligations
to the WTO.
The Trade Policy Review was based on the following two reports: a country report
prepared by the Government of Mauritius, and a report on Mauritius prepared by
the WTO Secretariat.