Mauritius greets Qingdao delegation to discuss business opportunities
A delegation from Qingdao, a major city in Eastern China, is currently visiting Mauritius to discuss mutually beneficial business opportunities in different sectors, leading to the signing of an MoU between Enterprise Mauritius and the Qingdao Bureau of Commerce. (Image: Wazna Gunga)
The Board of Investment (BOI) and Enterprise Mauritius organised a business meeting with the theme being “New business silk route to Qingdao, new partners for economic cooperation” with Qingdao aiming at achieving a win-win situation along the silk route.
The seminar highlighted the presence of the Vice Director of Qingdao Bureau of Commerce, Li Li; Minister of Civil Service and Administrative Reforms, Alain Wong; as well as representatives from the Embassy of China in Mauritius and delegates from Qingdao.
The seminar centered around the tremendous competence of Qingdao, a major city in eastern Shandong Province, Eastern China, which has a large sea flanking it. The port ranks among the 7 largest sea ports of the world and, in 2013, the city formally issued a development plan to become an international trade center moving to modern international trade.
It is also worth noting that Qingdao has the largest ship container worldwide with a capacity of 16,000 containers.
Li Li, on his part, came out in complete support of the relationship between Mauritius and China. In front of the 20-odd delegates present in the forum, he highlighted that there are many opportunities that the two countries can leverage to their mutual advantage, as Mauritius is the most developed country in Africa and is constantly creating new pillars for economic growth.
The huge population of China offers vast opportunities for the Mauritian tourism sector and expertise in other sectors can also be shared, be it in electronics or textiles, leading to better working relationships between the two nations, added Li Li.
Alain Wong, on his part, thanked the event organisers for such a laudable initiative and highlighted Mauritius’ importance as an investment platform. He noted that strengthening Mauritius’ relationship with China shall help both countries to prosper.
He also stressed that today, there are an increasing number of Chinese tourists visiting Mauritius, together with bullishness displayed by Chinese investors, and there are successful Chinese operators across various sectors in Mauritius.
Mauritius offers numerous business opportunities and ranks among the top countries according to the World Bank’s Ease of Doing Business report. It also comes across as one of the best countries in Africa where investment opportunities exist across multiple sectors.
The seminar ended with the signature of an MOU between the Qingdao Bureau of Commerce and Enterprise Mauritius.
- By Wazna Gunga
Qingdao has focused its attention on the Silk Road and the potential opportunities it offers. Its official delegates intend to visit more countries along the silk route in 2015.
The country lies in the extending joint of ‘one belt and one road’ and possesses unique advantages for enlarging opening scale’.
In the past ten years, there has been an annual increase of 110.8% in the trade revenue of Qingdao with the Middle Asia, Middle and East Europe, West Asia, South Asia, Southeast Asia and African countries and an annual increase of 77.7% in investment to countries along the silk road.