Mauritius and Fiji to sign agreement on investment cooperation soon
The MoU will facilitate close collaboration between Fiji and Mauritius over investments and drastically improve ease of doing business, noted Fiji’s Minister for Industry and Trade, Aiyaz Sayed-Khaiyum. (Image: Government of Fiji)
Mauritius and Fiji are expected to finalize a memorandum of understanding (MoU) soon to allow close cooperation between Investment Fiji and the Mauritian Board of Investment (BOI).
Fiji’s Attorney-General and Minister for Industry and Trade, Aiyaz Sayed-Khaiyum, met the Mauritian Minister for Industry, Commerce and Consumer Protection, Sayyad Abd-Al-Cader Sayed, yesterday in Bangalore, India at the Confederation of Indian Industry (CII) Partnership Summit 2014.
The Minister for Industry and Trade of the South-Pacific island said that the meeting will enable both countries to develop relations between their respective government agencies and encourage mutually beneficial opportunities.
“The MoU will facilitate close collaboration between Fiji and Mauritius over investments and will drastically improve the ease of doing business,” he said.
He further mentioned that Mauritius has already developed and implemented its reforms program over the past two decades and since both Mauritius and Fiji have similar demographics, the possibility of working with Mauritius is encouraging.
Aiyaz Sayed-Khaiyum said that the Fijian Government had embarked on its own comprehensive set of political and socioeconomic reforms, which were bearing fruit.
Both ministers also explored the possibility of enhancing cooperation and collaboration within the sugar and tourism sectors.
On his part, Sayyad Abd-Al-Cader Sayed congratulated the Fijian government for the “substantial and progressive” steps taken to develop Fiji, which will culminate in democratic elections that will take place by the end of September 2014.
The meeting ended with both ministers agreeing to finalise the MOU on investment cooperation and to develop bilateral relations further.