The first business conference between Iran and Mauritius is scheduled for August 14 at Tehran’s International Fairground.
Hosted by the Trade Promotion Organization of Iran, the event will be attended by the representatives of 50 companies from the two countries, along with top officials, IRIB News reported.
Businesspeople active in the fields of technical and engineering services, agricultural processing, fisheries, home appliances, medicine and health services, aerospace, foodstuff, leather, information and communication technologies, education, pharmaceuticals, medical equipment, gas, tourism, animal husbandry, apparel, printing and packaging, ship construction, infrastructure and construction material will survey ways of expanding bilateral commercial and economic ties.
Iran Chamber of Commerce, Industries, Mines and Agriculture is also expecting a commercial delegation from Mauritius on Aug. 13.
Since independence from Britain in 1968, Mauritius has developed from a low-income, agriculture-based economy to a high-income diversified economy, mainly because of tourism, textiles, sugar and financial services.
In recent years, information and communication technologies, seafood, hospitality and property development, healthcare, renewable energy, education and training have emerged as important sectors, attracting substantial investment from both local and foreign investors.
Mauritius has no exploitable fossil fuel reserves and so relies on petroleum imports to meet most of its energy requirements. Local and renewable energy sources are biomass, hydro, solar and wind energy.
Mauritius has one of the largest exclusive economic zones in the world. It is ranked high in terms of economic competitiveness, a friendly investment climate, good governance and a free economy.
According to the Mauritian Ministry of Foreign Affairs, the country's challenges are heavy reliance on a few industries, high brain drain, scarcity of skilled labor, aging population and inefficient public companies and parastatal bodies.
