The Export Processing Zone (EPZ) benefited significantly from the trading arrangements and the protectionist policies of the EC and the US. However, restrictions mandated by these trade regimes, reinforced under GATT, may constrain future growth in the export manufacturing sector. Mauritian investors are acutely conscious of this and have started diversifying their activities and their markets.
The manufacturing boom over the past fifteen years has nonetheless been remarkable and has largely been responsible for what is rightly termed an economic miracle. Incentives in the form of tax holidays, exemptions from import duties and from some aspects of the regulatory regime, as well as preferential credit were provided to foreign and domestic investors who would wholly specialise in exporting. The volume of EPZ activity expanded very fast, benefiting as it did from high profits recycled from the sugar industry. The success of EPZ industries has been such that they have absorbed the labour surplus; indeed there is now a labour shortage in the island and several enterprises have resorted to migrant labour to expand production.
The EPZ is now at a turning point: GATT has eroded its preferential access to EC and US markets and it has to face rising labour costs which threaten to reduce Mauritius's international competitiveness. Investors have started responding to this situation by looking for new markets, by delocalising production to lower-cost economies, and by recycling profits in the services and financial sectors.
TEXTILE AGENTS & INDUSTRIES LISTINGS
COMPNET EXPORTS LTD.
Address : 27, Mgr. Gonin St, Port Louis, Mauritius
Activity : Textile Products (Men's, Women & Children's Garments, pareo, and more....)
URL : COMPNET_EXPORT
LAGTEX TEXTILE LTD.
Activity : Quality Control & Buying Services
AFASIA Group of Companies-Mauritius
Phone : (230) 208-3559
EUROTEX (MTIUS) LTD.
Address : Duplin Street, Curepipe, Mauritius
Phone : (230) 674-2618
For Inquiry or Contacts, please send your e-mail to: email@example.com