South Africa, Mauritius chambers of commerce ink MoU
The South African Chamber of Commerce and Industry (Sacci) and its Mauritius counterpart, the Mauritius Chamber of Commerce and Industry (MCCI), have signed a memorandum of understanding (MoU) on commerce and industry to advance the economic agenda between the two countries.
The MoU was signed by Sacci CEO Alan Mukoki and MCCI secretary-general Raju Jaddoo on behalf of the two chambers, which signed the MoU in recognition of the possibilities of promoting trade and investment for their respective business communities.
They agreed to cooperate in the establishment and development of commercial and industrial ties between the respective members of the two chambers.
“We have agreed to make arrangements for appropriate meetings for the businesses in Mauritius and South Africa and for experts to render appropriate assistance to make these meetings successful,” said Mukoki in a statement.
He added that the two countries would issue letters of recommendation and make efforts to create contact between businesspeople, trade missions and experts.
Jaddoo noted that the chambers would assist each other in organising national exhibitions, international trade fairs, specialised exhibitions, and economic and technical fairs.
“We will be doing this with the objective of improving and expanding economic cooperation between the two countries. We will also engage with relevant stakeholders in realising the successful establishment of a joint business council with the objective of encouraging and promoting cooperation between our business within the regulations and laws of the two countries,” he added.
Trade relations between South Africa and Mauritius have shown significant growth over the last decade. Imports from Mauritius escalated from R263-million in 2006 to R2.2-billion in 2015 and, during the same period, the value of South Africa’s exports rose significantly from R1.8-billion to R3.7-billion.
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