Mauritius – JapanA Strong and Growing Partnership

Independence of Mauritius & Establishment of Diplomatic relations

Establishment of the Embassy of Japan in Mauritius

Establishment of Honorary Consulate of Mauritius in Japan

Participation of Prime Minister of Mauritius to TICAD 7

Launch of EDB Japan Office

50 years of Diplomatic Relations - Issue of Stamp & First Day Cover

His Majesty the Emperor

Naruhito of Japan &

Hon. Pravind Kumar

Jugnauth, Prime Minister

of Mauritius

Mauritius- Japan

Economic Relations

Exports to Japan (2019)

US$ 34 MTuna, Fish Fillets, Shirts,

Cut Flowers

Imports from Japan (2019)

US $ 173 M New motors cars, Second-

hand vehicles, Used

passenger vehicles, Portland

Cement

Investment projects from

Japan in Mauritius

Wholesale, Retail and

Real Estate sectors

MOU with Japan External Trade Organization (JETRO) and Japan Institute for Overseas Investment (JOI)

Population

1.3 million

Languages

English

French

Exclusive Economic Zone

2.3 million km2

Land Mass

2,040 Km2

Real GDP Growth

3.2 % (2019)Currency

Mauritian Rupee (MUR)

USD 1= MUR 40 (approx.)

GNI per Capita

Approx. USD 12,740 (2019)

High Income economy

Adult Literacy rate

89.9% World Bank – Doing Business 2020

1st in Africa

13th in World

Mauritius Today

From a Monocrop economy to a diversified Emerging

Market Economy10

10

24

30 3

90

0

80

80

120

50

1274

0

1978

1979

198

0

198

1

198

2

198

3

198

4

198

5

198

6

198

7

198

8

198

9

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

20

15

20

16

20

17

20

18

Per capita Income (USD)

Sugar Textile Tourism Financial Services ICT/BPO,Seafood

Smart Cities

Africa Strategy

High Tech manufacturing

Innovation led growth

20

19

Mauritius Today

Sectoral Performance

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

1975 2006 2018

Agriculture

Manufacturing

Construction

Wholesale & Retail Trade

Transportation & Storage

Tourism

ICT

Financial &Insurance Activities

Real EstateActivities

Professional, Scientific &TechnicalActivities

Administrative & Support Service Activities

Education

Human, Health & Social Work

Activities

Arts, Entertainment & Recreation

Others

Sectoral Contributions to GDP (%)

2019

Mauritius Today | Economic performance

GDP Growth (%) Investment (USD MN)

0

500

1,000

1,500

2,000

2,500

3,000

2016 2017 2018 2019

4.5 3.9 3.6 3.4 3.6 3.1 3.6 3.6 3.6 3.2

-14.2

9.96.5

2010 2011 2012 2013 2014 2015 2016 2017 2018 201920202021 2022

Source: Statistics Mauritius & IMF Source: Statistics Mauritius

Mauritius Today

Preferential Markets

Preferential Market Access to more than 26% World Population

AfCFTA

Mauritius Tomorrow | A Safe, Modern and Stable economy

Future-ready infrastructure A hub for investment in Africa A diversified economic base

Innovation led development A great place to work, live and retire

No capital tax gains

Partial Exemption Regime 80%

Incorporation of a company in 2 hours

100% foreign ownership

Free Movement of Capital

Bilingual (English & French) pool of

professionals

Qualified & multi-skilled workforce

A conducive business environment | The Mauritius Advantage

A conducive business

environment

Doing business in Mauritius

23

49

2924

1721

2419

29 2832

49

2520

13

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

BFA 2019• 29 Legislations amended• 22 Regulations being amended

4 new Regulations introduced • 13 Regulations being revoked

E-Licensing Project

BFA 201726 legislations

amended

BFA 2006• Introduction of a one-stop shop for

incorporation/registration• Simplified tax system• Introduction of the Occupation Permit

A conducive business environment | World Bank Ease of Doing Business

2020 2021

??

Economic Freedom of the World (2019) – Fraser Institute

9th out of 162 countries

Tax Efficiency Indexth globally

Forbes Survey of Best Countries for Business (2019)

39th out of 139 countries

Global Competitiveness Index (2018 – 2019)

52th out of 140 countries

Mo Ibrahim Index of Africa Governance(2020)

1st inAfrica

13th out of 190 countries

A conducive business environment | International accolades

World Bank Ease of Doing Business

5

Mauritius Tomorrow | Future-ready infrastructure

An Evolving Infrastructure with USD 750 Million public spending over 7 years

S e a p o r t Tr a n s p o r t a t i o n A i r p o r t H e a l t h c a r e E d u c a t i o n

Existing Connections

Future Connections

• SAFE

• LION

• MARS

• METISS

• IOX

Telecommunications

Container Terminal capacity: from 500,000 TEUs to 750,000 TEUs

• Expansion to 1 TEUs with additional Container handlingequipment in progress

Cruise terminal development to the tune of MUR 690 million with expected 60 cruises calling per year

Construction of 2 km breakwater to ensure zero downtime at the new Island Container Terminal.

Port Capacity & New Developments

A hub for investmentsin Africa

Europe

34.9% USD 116.7 billion 16.5% USD 65.8 billion

Africa

10.5% USD 35.0 billion 9.9% USD 39.6 billion

India

10.4% USD 34.6 billion 53.6% USD 213.6 billion

China

6.3% USD 21.0 billion 5.3% USD 21.0 billion

Asia

15.0% USD 50.2 billion 11.1% USD 44.3 billion

America

22.0% USD 65.8 billion 2.8% USD 11.2 billion

Excl. India & China

Inward Investment

Outward Investment

A hub for investment in Africa | Investments through the Mauritius IFC

Mauritius: Conducive Business Environment

Ideal Time Zone

As at June 2019, Mauritius received USD 2.8 billion stock of investment

through:

15 Investment Holding companies

21 Fund structures

Investment Stock as at June 2019

Investment from Japan

to Mauritius: USD

2,864 million

Investment from

Mauritius to Japan:

USD 272 million

A hub for investment in AfricaCorridor for investment from Japan

KEY:

▲- IPPA in force

▲- IPPA awaiting ratification- 45 globally (signed)

- 24 with African states

■- DTAA in force

■- DTAA awaiting ratification- 51 globally (signed)

- 22 with African states

▲ ■

Cabo Verde

▲ ■ Egypt

▲ ■ South Africa

■ Seychelles

■ Botswana

▲ ■ Congo

▲ ■ Madagascar

▲ ■ Mozambique

Namibia ■

▲ Senegal

▲ ■ Swaziland

■ Uganda

▲ ■ Zambia

▲ ■ Zimbabwe

■ Tunisia

▲ Burundi

▲ Tanzania

■ Lesotho

▲ ■ Gabon

▲ Cameroon

▲ ■ Comoros

▲

Ivory

Coast▲ ■ Kenya

▲ ■ Ghana

▲Mauritania ▲ Chad

▲ ■ Rwanda

▲ Guinea ▲ Benin

▲

São

Tomé

and

Príncipe

■ Morocco

■ Nigeria

A hub for investment in Africa

Extensive network of bilateral treaties Benefits of IPPAsExpropriation

Compensation for losses

Arbitration

Subrogation

Free repatriation of capital and

profits

Mauritius Tomorrow | A diversified economic base

Manufacturing Construction & Real Estate Tourism HealthcareLogistics

Wholesale & Retail Financial Services ICT-BPO Agro-IndustryKnowledge

Strict Sanitary Protocols

Preserve jobs

Create Conditions favorable to

New Opportunities

Financial Stimulus Measures: 36 % of GDP

Financial Stimulus Measures in response to COVID-19

• Wage/ Salary Support

• Financial Support from

Mauritius Investment

Corporation Ltd

Provision of Assistance to financially

distressed systemically large, important and

viable corporations as a result of the

COVID-19

• Bank of Mauritius Special

Relief Programme (Banking)

Reduction of Cash Reserve Ratio, Easing of

Banking Guidelines, Introduction of a 2020

Savings Bond

• Other Financial Support

• State Investment

Corporation

• Investment Support

Programme Limited

(ISP)

• SME Equity Fund Ltd

• Equity Participation Scheme

• SME Factoring Scheme, Leasing

Equipment Modernization Scheme,

Corporate Guarantees to banks

• Equity Financing, Enterprise

Modernisation Scheme (EMS), Revolving

Credit Fund

• Additional Support

Households and Businesses

Covid-19 Pandemic & Government’s Response

Government’s Response

Sanitary Curfew: 23 March – 30 May 2020

10 th April

Minimising Climate Change Impacts for Sustainable Development

1992: Ratification of the United Nations Framework Convention on Climate Change (UNFCCC)2005: Hosting of the UN Conference on Small Islands in Mauritius, leading to an International Framework to

reduce Climate Vulnerability in SIDS.2016: Hosting of the African Ministerial Conference on Ocean Economy and Climate Change.2017: Publication of a pioneer report with the World Bank, establishing the impact of Climate Change on

SIDS and particularly Mauritius & Provision of quantitative and qualitative guidance on Mitigative, Adaptative and Financing Measures

Marine Restoration through Coral Restoration Beach Erosion Mitigation Accelerating the Renewable and Clean energy shift

Target: 40 % of Energy Mix as Renewable Energy by 2030Infrastructural Resilience namely in the Port sector

Examples of mitigation and adaptative projects

Proactive Roles undertaken by Mauritius:

In collaboration with JICA}

A great place to Work,

Live and Retire

TRAVEL TO MAURITIUS under Premium Visa

Open To All Foreign Professionals, Families, Retirees

ENJOY THE UNIQUE LIFESTYLE EXPERIENCE

STAY IN A COVID-SAFE ENVIRONMENT

WORK REMOTELY

▪ Minimum investment of USD 50,000

▪ Turnover should exceed USD 133,000 annually

Investor

▪ Basic monthly salary >USD 1,500

▪ ICT sector > USD 755

Professional

Self Employed

▪ Minimum investment of USD 35,000

▪ Annual Turnover exceed USD 20,000

Innovators’ Occupation Permit

The innovator’s permit provides for investors wishing to invest in

innovative projects to be eligible for an OP with an investment of

USD 40 000

or

No capital outlay requirement for start-ups mentored by an

incubator under the Innovator Occupation Permit

A great place to work, live and retire

Retired non-citizen

▪ Initial transfer of at least USD 1,500

▪ Transfer of USD 1,500 monthly or the aggregate of at least USD

18,000 per year