Mauritius has a liberal economic and trade policy and is a member of the WTO, as well as many other regional economic groups (COMESA, SADC, IOC). The objective of the trade policy of Mauritius is to transform the island into an open and globally competitive economy and to fully integrate it into the world trade system. Comparatively, customs duties are low, the island is open to international trade and does not have any trade barriers.
Mauritius traditionally imports more than it exports, resulting in a trade deficit that increased during the economic crisis and should continue to increase in the coming years. During the last five years the exports and imports have increased at an annualized rate of around 8%.
The country’s main trade partners are the European Union, India and the United States.
Mauritius exports clothing, textiles, sugar, cut flowers, molasses and fish towards the European Union (United Kingdom, France, Italy, etc.), the United States, South Africa, Madagascar and Vietnam. Sugarcane occupies 90% of the country’s cultivated land and represents 15% of its exports. The export of services has been constantly rising. In this area, the country has a positive trade balance.
The island imports manufactured goods, capital goods, foodstuffs, oil and chemical products from India, the European Union, China, South Africa and Australia.
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