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AfricaMoney | August 21, 2017

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Mauritius

Mauritius, Gabon to strengthen economic ties

The Central African economy of Gabon is all set to take its economic ties with the island nation to another level, with a slew of agreements lined up as President Ali Bongo Ondimba visits Mauritius from 16-19 October (Image: www.flickr.com)

As Gabonese President Ali Bongo Ondimba readies for his four-day visit to the island nation starting tomorrow, Mauritius and Gabon stand poised to sign agreements boosting borderless trading between the economies.

The discussions are expected to cover an overarching general agreement providing for cooperation across a range of economic arenas – trade and investment, Information and Communications Technologies, research, tourism and agriculture.

Just this month, the Double Taxation Avoidance Agreement (DTAA) between Mauritius and the Central African economy has been ratified by the island nation. With the impending visit of the Gabonese President, trade ties between the economies can only be expected to be strengthened further.

Three Memorandums of Understanding (MoUs) are also expected to be signed during the 16-19 October visit to leverage on existing bilateral relations. These would include a MoU on putting a mechanism in place to ensure regular diplomatic consultations between the Foreign Affairs ministries of both countries.

The MOUs will also provide for cooperation on agro-industrial development in both nations in terms of processing and value-addition of certain agricultural products, such as fruits, vegetables, spices, coffee, cocoa, sugarcane and by-products, and livestock.

Finally, the MoUs are expected to focus on tourism to provide for the development of common projects to boost international tourism. Also, bilateral tourism will be promoted by organizing promotional campaigns and encouraging participation in tourism fairs and fora.

Source: PANA press, Afrique Jet

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