日志
Mauritius provides an environment for banks
|
Overview
Since independence in 1968, Mauritius has developed from a low-income, agriculturally based economy to a middle-income diversified economy with growing industrial, financial, and tourist sectors. For most of the period Wholesale Links of London Necklaces, annual growth has been in the order of 5% to 6%. This remarkable achievement has been reflected in more equitable income distribution, increased life expectancy, lowered infant mortality, and a much-improved infrastructure. Sugarcane is grown on about 90% of the cultivated land area and accounts for 25% of export earnings. The government's development strategy centers on expanding local financial institutions and building a domestic information telecommunications industry. Mauritius has attracted more than 9,000 offshore entities, many aimed at commerce in India and South Africa Links of London Shop, and investment in the banking sector alone has reached over $1 billion. Mauritius, with its strong textile sector, has been well poised to take advantage of the Africa Growth and Opportunity Act (AGOA).
Mauritius has attracted US$10.98 billion in FDI inflows. Top sectors attracting FDI inflows from Mauritius (from January 2000 to December, 2005) are electrical equipment, telecommunications, fuels, cement & gypsum products and services sector (financial & non-financial).[citation needed]
With a well-developed legal and commercial infrastructure and a tradition of entrepreneurship and representative government links Sweetie Bracelet, Mauritius is one of the developing world most successful democracies. economy has shown a considerable degree of resilience Links Watch, and an environment already conducive to dynamic entrepreneurial activity has moved further toward economic freedom. The island institutional advantages are noticeable. A transparent and well-defined investment code and legal system have made the foreign investment climate in Mauritius one of the best in the region. Taxation is competitive and efficient. The economy is increasingly diversified, with significant private-sector activity in sugar, tourism Links of London Sweetie Bracelet Wholesale, economic processing zones Vibram Five Fingers Sprint, and financial services, particularly in offshore enterprises. The government is trying to modernize the sugar and textile industries, which in the past were overly dependent on trade preferences, while promoting diversification into such areas as information and communications technology, financial and business services, seafood processing and exports, and free trade zones. Agriculture and industry have become less important to the economy, and services, especially tourism, accounted for over 72 percent of GDP. The government still owns utilities and controls imports of rice, flour, petroleum products, and cement.
Corruption Law
Mauritius ranks 41st out of 179 countries in Transparency International Corruption Perceptions Index for 2008, an improvement over 2007. Mauritius is one of Africa least corrupt countries. In 2002, the government adopted the Prevention of Corruption Act, which led to the setting up of an Independent Commission Against Corruption (ICAC) a few months later. The ICAC has the power to detect and investigate corruption and money-laundering offenses and can also confiscate the proceeds of corruption and money laundering. Corruption is not seen as an obstacle to foreign direct investment.
Financial services
Mauritius provides an environment for banks, insurance and reinsurance companies Buy Links Charms, captive insurance managers Links of London 2011, trading companies, ship owners or managers, fund managers and professionals to conduct their international business. The economic success achieved in the 1980s engendered the rapid growth of the financial services sector in Mauritius. The following types of offshore activities can be conducted in Mauritius:
Offshore Banking
Offshore Insurance
Offshore Funds Management
International Financial Services
Operational Headquarters
International Consultancy Services
Shipping and Ship Management
Aircraft Financing and Leasing
International Licensing and Franchising
International Data Processing and Information Technology Services
Offshore Pension Funds
International Trading
International Assets Management
International Assets Management
International Employment Services
Board of Investment
The Mauritius Board of Investment is an agency of the Government of Mauritius whose aim is to promote and facilitate investment in Mauritius.
The Board of Investment targets the international business community and is responsible for attracting international investment and talents in the country.
Macroeconomic statistics
Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA
Distribution of family income - Gini index: 37 (1987 estimate)
Agriculture - products: sugarcane, tea, corn, potatoes Five Fingers Moc Shoes, bananas, pulses; cattle Buy Links of London Accessories, goats; fish
Industrial production growth rate: 8% (2000 estimate)
Electricity - production: 1,836 GWh (2002)
Electricity - consumption: 1,707 GWh (2002)
Oil - consumption: 21,000 bbl/day (2003 estimate)
21,000 bbl/day (2001 estimate)
Current account balance: $151 million (2005 estimate)
$284.1 million (2004 estimate)
Reserves of foreign exchange and gold: $1.676 billion (2004 estimate)
$1.605 billion (2005 estimate)
Exchange rates: Mauritian rupees per US dollar - 29.31 (01 Feb 2008), 32.86 (2006), 29.14 (2005) Wholesale Links of London Earrings, 27.499 (2004), 27.902 (2003), 29.962 (2002), 29.129 (2001)
See also
Mauritius
Bank of Mauritius (central bank)
Mineral industry of Mauritius
Notes and references
External links
Economy of Mauritius at the Open Directory Project
Ministry Of Finance and Economic Development
Mauritius Chamber of Commerce and Industry
Central Statistics Office - Official gatherer and provider of statistics for Mauritius
v d e
Mauritius topics
Districts
Black River Flacq Grand Port Moka Pamplemousses Plaines Wilhems Port Louis Rivire du Rempart Savanne
Dependencies and
territories
Agalega Islands Cargados Carajos Shoals (St. Brandon) Rodrigues Soudan Banks Nazareth Bank Saya de Malha Bank Hawkins Bank
Territorial claims
Chagos Archipelago Tromelin
Politics and
government
National Assembly Political parties Elections
Economy
Currency Companies Communications Foreign relations Transport Educational sector
People and culture
Creole Franco-Mauritian Indo-Mauritian Sino-Mauritian Prominent Mauritians Hinduism Christianity Islam Music
Other topics
History Military Geography Rugby Wildlife
v d e
Southern African Development Community (SADC)
Member states
Angola Botswana Democratic Republic of the Congo Lesotho Madagascar Malawi Mauritius Mozambique Namibia South Africa Swaziland Tanzania Zambia Zimbabwe
Leaders
Chairpersons: Levy Mwanawasa Kgalema Motlanthe
Secretaries-General: Kaire Mbuende Prega Ramsamy Tomaz Salomo
See also
Southern African Development Coordination Conference Southern African Customs Union Common Monetary Area Common Market for Eastern and Southern Africa
v d e
Members of the World Trade Organization (WTO)
Albania Angola Antigua and Barbuda Argentina Armenia Australia Bahrain Bangladesh Barbados Belize Benin Bolivia Botswana Brazil Brunei Burkina Faso Burma Burundi Cambodia Cameroon Canada Cape Verde Central African Republic Chad Chile PR China Colombia Democratic Republic of the Congo Republic of the Congo Costa Rica Cte d'Ivoire Croatia Cuba Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador European Union Fiji Gabon The Gambia Georgia Ghana Grenada Guatemala Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Iceland India Indonesia Israel Jamaica Japan Jordan Kenya South Korea Kuwait Kyrgyzstan Lesotho Liechtenstein Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Mauritania Mauritius Mexico Moldova Mongolia Morocco Mozambique Namibia Nepal New Zealand Nicaragua Niger Nigeria Norway Oman Pakistan Panama Papua New Guinea Paraguay Peru Philippines Qatar Rwanda St. Kitts and Nevis St. Lucia St. Vincent and the Grenadines Saudi Arabia Senegal Sierra Leone Singapore Solomon Islands South Africa Sri Lanka Suriname Swaziland Switzerland Separate Customs Territory of Taiwan Earrings, Penghu, Kinmen, and Matsu Tanzania Thailand Togo Tonga Trinidad and Tobago Tunisia Turkey Uganda Ukraine United Arab Emirates United States Uruguay Venezuela Vietnam Zambia Zimbabwe
All twenty-seven member states of the European Union are also members of the WTO in their own right: Austria Belgium Bulgaria Cyprus Czech Republic Denmark Estonia Finland France Germany Greece Hungary Ireland Italy Latvia Lithuania Luxembourg Malta Netherlands and Netherlands Antilles Poland Portugal Romania Slovakia Slovenia Spain Sweden United Kingdom.
Special administrative region of the People's Republic of China.
Designated name for the Republic of China (commonly known as Taiwan)
v d e
Economy of Africa
Sovereign
states
Algeria Angola Benin Botswana Burkina Faso Burundi Cameroon Cape Verde Central African Republic Chad Comoros Democratic Republic of the Congo Republic of the Congo Cte d'Ivoire (Ivory Coast) Djibouti Egypt1 Equatorial Guinea Eritrea Ethiopia Gabon The Gambia Ghana Guinea Guinea-Bissau Kenya Lesotho Liberia Libya Madagascar Malawi Mali Mauritania Mauritius Morocco Mozambique Namibia Niger Nigeria Rwanda So Tom and Prncipe Senegal Seychelles Sierra Leone Somalia South Africa Sudan Swaziland Tanzania Togo Tunisia Uganda Zambia Zimbabwe
States with limited
recognition
Sahrawi Arab Democratic Republic Somaliland
Dependencies,
autonomies,
other territories
Canary Islands / Ceuta / Melilla / Plazas de soberana (Spain) Madeira (Portugal) Mayotte / Runion (France) Puntland (Somalia) Saint Helena, Ascension and Tristan da Cunha (United Kingdom) Southern Sudan (Sudan) Zanzibar (Tanzania)
1 Transcontinental country.
Categories: Economy of Mauritius | African Union member economies | World Trade Organization member economiesHidden categories: Articles needing cleanup from November 2007 | All pages needing cleanup | All articles with unsourced statements | Articles with unsourced statements from January 2010 | Wikipedia articles incorporating text from the World Factbook
Since independence in 1968, Mauritius has developed from a low-income, agriculturally based economy to a middle-income diversified economy with growing industrial, financial, and tourist sectors. For most of the period Wholesale Links of London Necklaces, annual growth has been in the order of 5% to 6%. This remarkable achievement has been reflected in more equitable income distribution, increased life expectancy, lowered infant mortality, and a much-improved infrastructure. Sugarcane is grown on about 90% of the cultivated land area and accounts for 25% of export earnings. The government's development strategy centers on expanding local financial institutions and building a domestic information telecommunications industry. Mauritius has attracted more than 9,000 offshore entities, many aimed at commerce in India and South Africa Links of London Shop, and investment in the banking sector alone has reached over $1 billion. Mauritius, with its strong textile sector, has been well poised to take advantage of the Africa Growth and Opportunity Act (AGOA).
Mauritius has attracted US$10.98 billion in FDI inflows. Top sectors attracting FDI inflows from Mauritius (from January 2000 to December, 2005) are electrical equipment, telecommunications, fuels, cement & gypsum products and services sector (financial & non-financial).[citation needed]
With a well-developed legal and commercial infrastructure and a tradition of entrepreneurship and representative government links Sweetie Bracelet, Mauritius is one of the developing world most successful democracies. economy has shown a considerable degree of resilience Links Watch, and an environment already conducive to dynamic entrepreneurial activity has moved further toward economic freedom. The island institutional advantages are noticeable. A transparent and well-defined investment code and legal system have made the foreign investment climate in Mauritius one of the best in the region. Taxation is competitive and efficient. The economy is increasingly diversified, with significant private-sector activity in sugar, tourism Links of London Sweetie Bracelet Wholesale, economic processing zones Vibram Five Fingers Sprint, and financial services, particularly in offshore enterprises. The government is trying to modernize the sugar and textile industries, which in the past were overly dependent on trade preferences, while promoting diversification into such areas as information and communications technology, financial and business services, seafood processing and exports, and free trade zones. Agriculture and industry have become less important to the economy, and services, especially tourism, accounted for over 72 percent of GDP. The government still owns utilities and controls imports of rice, flour, petroleum products, and cement.
Corruption Law
Mauritius ranks 41st out of 179 countries in Transparency International Corruption Perceptions Index for 2008, an improvement over 2007. Mauritius is one of Africa least corrupt countries. In 2002, the government adopted the Prevention of Corruption Act, which led to the setting up of an Independent Commission Against Corruption (ICAC) a few months later. The ICAC has the power to detect and investigate corruption and money-laundering offenses and can also confiscate the proceeds of corruption and money laundering. Corruption is not seen as an obstacle to foreign direct investment.
Financial services
Mauritius provides an environment for banks, insurance and reinsurance companies Buy Links Charms, captive insurance managers Links of London 2011, trading companies, ship owners or managers, fund managers and professionals to conduct their international business. The economic success achieved in the 1980s engendered the rapid growth of the financial services sector in Mauritius. The following types of offshore activities can be conducted in Mauritius:
Offshore Banking
Offshore Insurance
Offshore Funds Management
International Financial Services
Operational Headquarters
International Consultancy Services
Shipping and Ship Management
Aircraft Financing and Leasing
International Licensing and Franchising
International Data Processing and Information Technology Services
Offshore Pension Funds
International Trading
International Assets Management
International Assets Management
International Employment Services
Board of Investment
The Mauritius Board of Investment is an agency of the Government of Mauritius whose aim is to promote and facilitate investment in Mauritius.
The Board of Investment targets the international business community and is responsible for attracting international investment and talents in the country.
Macroeconomic statistics
Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA
Distribution of family income - Gini index: 37 (1987 estimate)
Agriculture - products: sugarcane, tea, corn, potatoes Five Fingers Moc Shoes, bananas, pulses; cattle Buy Links of London Accessories, goats; fish
Industrial production growth rate: 8% (2000 estimate)
Electricity - production: 1,836 GWh (2002)
Electricity - consumption: 1,707 GWh (2002)
Oil - consumption: 21,000 bbl/day (2003 estimate)
21,000 bbl/day (2001 estimate)
Current account balance: $151 million (2005 estimate)
$284.1 million (2004 estimate)
Reserves of foreign exchange and gold: $1.676 billion (2004 estimate)
$1.605 billion (2005 estimate)
Exchange rates: Mauritian rupees per US dollar - 29.31 (01 Feb 2008), 32.86 (2006), 29.14 (2005) Wholesale Links of London Earrings, 27.499 (2004), 27.902 (2003), 29.962 (2002), 29.129 (2001)
See also
Mauritius
Bank of Mauritius (central bank)
Mineral industry of Mauritius
Notes and references
External links
Economy of Mauritius at the Open Directory Project
Ministry Of Finance and Economic Development
Mauritius Chamber of Commerce and Industry
Central Statistics Office - Official gatherer and provider of statistics for Mauritius
v d e
Mauritius topics
Districts
Black River Flacq Grand Port Moka Pamplemousses Plaines Wilhems Port Louis Rivire du Rempart Savanne
Dependencies and
territories
Agalega Islands Cargados Carajos Shoals (St. Brandon) Rodrigues Soudan Banks Nazareth Bank Saya de Malha Bank Hawkins Bank
Territorial claims
Chagos Archipelago Tromelin
Politics and
government
National Assembly Political parties Elections
Economy
Currency Companies Communications Foreign relations Transport Educational sector
People and culture
Creole Franco-Mauritian Indo-Mauritian Sino-Mauritian Prominent Mauritians Hinduism Christianity Islam Music
Other topics
History Military Geography Rugby Wildlife
v d e
Southern African Development Community (SADC)
Member states
Angola Botswana Democratic Republic of the Congo Lesotho Madagascar Malawi Mauritius Mozambique Namibia South Africa Swaziland Tanzania Zambia Zimbabwe
Leaders
Chairpersons: Levy Mwanawasa Kgalema Motlanthe
Secretaries-General: Kaire Mbuende Prega Ramsamy Tomaz Salomo
See also
Southern African Development Coordination Conference Southern African Customs Union Common Monetary Area Common Market for Eastern and Southern Africa
v d e
Members of the World Trade Organization (WTO)
Albania Angola Antigua and Barbuda Argentina Armenia Australia Bahrain Bangladesh Barbados Belize Benin Bolivia Botswana Brazil Brunei Burkina Faso Burma Burundi Cambodia Cameroon Canada Cape Verde Central African Republic Chad Chile PR China Colombia Democratic Republic of the Congo Republic of the Congo Costa Rica Cte d'Ivoire Croatia Cuba Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador European Union Fiji Gabon The Gambia Georgia Ghana Grenada Guatemala Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Iceland India Indonesia Israel Jamaica Japan Jordan Kenya South Korea Kuwait Kyrgyzstan Lesotho Liechtenstein Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Mauritania Mauritius Mexico Moldova Mongolia Morocco Mozambique Namibia Nepal New Zealand Nicaragua Niger Nigeria Norway Oman Pakistan Panama Papua New Guinea Paraguay Peru Philippines Qatar Rwanda St. Kitts and Nevis St. Lucia St. Vincent and the Grenadines Saudi Arabia Senegal Sierra Leone Singapore Solomon Islands South Africa Sri Lanka Suriname Swaziland Switzerland Separate Customs Territory of Taiwan Earrings, Penghu, Kinmen, and Matsu Tanzania Thailand Togo Tonga Trinidad and Tobago Tunisia Turkey Uganda Ukraine United Arab Emirates United States Uruguay Venezuela Vietnam Zambia Zimbabwe
All twenty-seven member states of the European Union are also members of the WTO in their own right: Austria Belgium Bulgaria Cyprus Czech Republic Denmark Estonia Finland France Germany Greece Hungary Ireland Italy Latvia Lithuania Luxembourg Malta Netherlands and Netherlands Antilles Poland Portugal Romania Slovakia Slovenia Spain Sweden United Kingdom.
Special administrative region of the People's Republic of China.
Designated name for the Republic of China (commonly known as Taiwan)
v d e
Economy of Africa
Sovereign
states
Algeria Angola Benin Botswana Burkina Faso Burundi Cameroon Cape Verde Central African Republic Chad Comoros Democratic Republic of the Congo Republic of the Congo Cte d'Ivoire (Ivory Coast) Djibouti Egypt1 Equatorial Guinea Eritrea Ethiopia Gabon The Gambia Ghana Guinea Guinea-Bissau Kenya Lesotho Liberia Libya Madagascar Malawi Mali Mauritania Mauritius Morocco Mozambique Namibia Niger Nigeria Rwanda So Tom and Prncipe Senegal Seychelles Sierra Leone Somalia South Africa Sudan Swaziland Tanzania Togo Tunisia Uganda Zambia Zimbabwe
States with limited
recognition
Sahrawi Arab Democratic Republic Somaliland
Dependencies,
autonomies,
other territories
Canary Islands / Ceuta / Melilla / Plazas de soberana (Spain) Madeira (Portugal) Mayotte / Runion (France) Puntland (Somalia) Saint Helena, Ascension and Tristan da Cunha (United Kingdom) Southern Sudan (Sudan) Zanzibar (Tanzania)
1 Transcontinental country.
Categories: Economy of Mauritius | African Union member economies | World Trade Organization member economiesHidden categories: Articles needing cleanup from November 2007 | All pages needing cleanup | All articles with unsourced statements | Articles with unsourced statements from January 2010 | Wikipedia articles incorporating text from the World Factbook
