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Mauritius Business

Business

Traditionally, Mauritius' economy has depended on sugar production. However, sugar's role in the economy has gradually lost significance, and its share of GDP has decreased. In addition to sugar, tea and tobacco are also grown as barley crops. Food production is mainly in the form of small-scale self-sustaining cultivation, and the country is not self-sufficient with food.

Business of Mauritius

Until the 1970s, the industrial sector was small and mainly focused on import substitution. Industrial policy in the 1980s resulted in an investment in a free zone, EPZ (Export Processing Zone), where imported industrial goods are further processed for export. Since the mid-1990s, the financial sector has also grown significantly. The country has also invested heavily in raising the education level of the population, mainly in IT and telecommunications.

According to COUNTRYAAH, the tourism sector, which employs about 10,000 people, is the third most important source of foreign currency.

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