As an entrepreneur, are you worried that Brexit will have a negative impact on Mauritius?
The global financial crisis or the Brexit will have effects on Mauritius and it has to be studied closely. The UK is an important market after France for Mauritius and there will certainly be repercussions. On the other hand, they will be less important than those between the EU and England. There will be turbulence on the price of commodities and the currency exchange rate.
We need to think about how we could benefit from this crisis to become a privileged partner of the United Kingdom. In my sector of services to new technologies, we have opportunities and we must present Mauritius as a privileged partner of England.
What can be done to mitigate the risks?
To mitigate the risks, Mauritius already has a diversified economy and we are not dependent on a single country. We can, therefore, always concentrate to improve our know-how in Mauritius and invest in innovation and job creation, qualified to attract the UK to work more with Mauritius, especially in the NICT. The UK will miss value-added resources like engineers and profiles in sales and finance. Maurice could offer his talents from a distance. Left to train more resources in Mauritius from Africa, if resources are not sufficient on the island.
Do you believe that the United Kingdom will always remain an important partner for Mauritius?
The UK is an important partner to keep with or without Hard Brexit. We need to study now what we can do and what the UK can do for Hard Brexit.
The impact on Africa
In the case of a Brexit without a ‘deal’, Morocco will be the main African loser of the exit of the United Kingdom from the European Union. South Africa, it could get a lot of revenue, according to a report of the United Nations Conference on Trade and Development (UNCTAD). According to this study, a Brexit without prior agreement would imply an increase in tariffs, which would reduce the demand and exports of countries currently benefiting from preferential export tarifs.
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Translation of my Interview on Defi Mag from 12/09/2019