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AfricaMoney | August 22, 2017

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Mauritius signs agreement with Austria for economic co-operation

Mauritius signs agreement with Austria for economic co-operation

Left to Right: Secretary-General of the MCCI, Raju Jaddoo and Vice-President, Austrian Federal Economic Chamber, Richard Schenz, sign the agreement to consolidate business relations between Mauritius and Austria (Image: MCCI)

A Memorandum of Understanding has been signed between the Mauritius Chamber of Commerce and Industry (MCCI) and the Austrian Federal Economic Chamber during the ‘Forum Emerging markets 2014’ organized by the Federal Ministry of Economy and the Austrian Federal Economic Chamber on September 04, 2014 in Vienna.

The presentations, which were made by the Secretary-General of the MCCI, Raju Jaddoo, and by the Managing Director of the Mauritius Board of Investment (BOI), Ken Poonoosamy, conveyed the advantages of investing and doing business in Mauritius and on building a robust partnership with the island economy.

The presentation, which had Mauritius as country focus, has for its objective the consolidation of business relations between Mauritius and Austria, where discussions focused on business opportunities, financing options and risk management tactics for projects in emerging markets.

The event was also an opportunity to bring together Austrian companies and practitioners from development banks, financing organizations and public institutions.

Besides, the forum also served as a platform to promote Mauritius as the rising financial hub in the South-East African region.

The Ambassador of Austria to Mauritius, Brigitte Öppinger-Walchshofer, expressed satisfaction regarding the resounding response to the Forum, where around 80 participants from around 13 countries and around 40 B2B meetings were present.

Furthermore, the MCCI Secretary-General Raju Jaddoo, expressed the wish for greater exchanges between Austria and Mauritius following the formalization of the relations between the private sector organizations of the two countries.

In his discussion with the Austrian Federal Economic Chambers’ Vice President Richand Schez, Raju Jaddo also raised the prospect of joint venture opportunities between Mauritius and Austrian companies targeting Southern and Eastern Africa.

Finally, the mechanism to be put in place to accelerate technology transfer from Austrian high tech manufacturing sector, especially in the fields of medical devices and machinery, was also discussed.

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