Business updates

Further avenues for trade and investment should be explored so as to enhance Mauritius exports to Egypt. This was a general observation shared by Hon Alan Ganoo, Minister of Land Transport and Light Rail, Minister of Foreign Affairs, Regional Integration and International Trade,  Hon Soomildath Bholah, Minister of Industrial Development, SMEs and Cooperatives, as well as the president of the MCCI, Mrs Namita Jagarnath Hardowar, during their speeches at the  Mauritius-Egypt Business Linkage event held on 5 December 2022 at the Hennessy Park Hotel.

The business meet, organized by the Engineering Export Council of Egypt (EEC) in collaboration with the Embassy of Egypt, had the objective of developing markets for Egyptian products in various sectors such as Home Appliances, Electric & Electronic industry and automotive industry. The delegation was led by Dr May Helmy.

Speaking about the trade balance which is in favour of Egypt, Hon Alan Ganoo expressed the wish that the business communities of both countries avail themselves  of the advantages offered under the COMESA FTA and AfCFTA. ‘We have to work together urgently and find solutions to balance the terms of trade’, declared Hon Alan Ganoo.

In his speech, Hon S. Bholah declared that he is confident that there is scope to broaden trade between the two countries, adding that both Egypt and Mauritius have a vibrant and well-established manufacturing sector and that the  Industrial Policy & Strategic Plan (2020-2025) for Mauritius stipulates that Mauritius can explore export opportunities to Egypt in respect of products such as medical instrument and processed food items.

The President of the MCCI, Mrs Namita Jagarnath Hardowar highlighted the importance of networking to boost trade and investment relations between countries. She also invited Egyptian business people to consider leveraging on the Mauritius-India Comprehensive Economic Partnership Agreement (CECPA) and the Mauritius-China Free Trade Agreement which can open up new avenues when exporting to these countries. 

(From left to right): Ms Nouran Aly, Chargée d’Affaires of the Embassy of Egypt; Hon Alan Ganoo; Mrs Namita Jagarnath Hardowar; Dr. May Helmy; Hon Soomilduth Bholah; and Dr Yousouf Ismaël, Secretary-General, MCCI.