Legal Matters

Bilateral relations: Mauritius and China sign MoU to promote MSMEs

A Memorandum of Understanding (MoU), aiming to enhance cooperation in the fields of Micro, Small and Medium Enterprises (MSMEs) and Cooperatives was signed on 2 February 2018 in Port Louis. The signatories were the Minister of Business, Enterprise and Cooperatives, Mr Soomilduth Bholah, and the Minister of State Administration for Industry and Commerce of the People's Republic of China, Mr Zhang Mao.

On this occasion, Minister Bholah underlined that the MoU will further reinforce Mauritian-Chinese commercial and economic ties and it will also be beneficial on the cultural and educational fronts as well as in the sports sector. The MoU makes provision for the following areas of cooperation: capacity-building for developing policy and institutional framework through exchange of experts for the development of MSMEs and Cooperatives; joint workshops and conferences on issues of mutual interest and best practices in the fields of MSMEs and Cooperatives Development; and, visits and training of personnel.

Speaking about Mauritian MSMEs, Mr Bholah highlighted that it is imperative for such enterprises, which are key drivers of the country's economy, to learn from the Chinese model. In fact, MSMEs represent 98% of the total number of enterprises in China, contributing 60% to the country's GDP, the Minister pointed out. It also provides 75% of job opportunities in Chinese urban areas, he added.

As regards the economic relations between Mauritius and China, Minister Bholah recalled that several Chinese companies based in Mauritius such as the JinFei Economic Trade and Cooperation Zone Co Ltd and the Bank of China are encouraging other Chinese companies to invest in Mauritius and use the country as a hub to reach out to the African continent.

For his part, Minister Zhang Mao underscored that some 1 500 Mauritian companies are doing business in China due to the existing cooperation between the two countries. Chinese and Mauritian enterprises will be offered assistance to better understand common investment policies and business environments, he pointed out. Thus, the MoU will consolidate the existing links while moving to sectors of development in the MSMEs and Cooperatives fields, he concluded.

Source: Government of Mauritius