Mauritius adheres to OECD Declaration on International Investment and Multinational Enterprises
Article Published on September 24, 2024
Mauritius is set to become the first Sub-Saharan African country to adhere to the Organisation for Economic Co-operation and Development (OECD) Declaration on International Investment and Multinational Enterprises, following approval from the Minister of Finance to formalise the agreement in August 2024. This adherence will enhance transparency in investment regimes, boosting confidence among domestic and foreign investors.
Mauritius will also participate in the OECD Investment Committee alongside other member countries with the aim of shaping global investment policies. Through this collaboration, Mauritius will gain access to valuable insights, expertise, and best practices from other OECD members, helping to refine and improve its own investment policies and regulations. Additionally, by being part of the OECD's network, Mauritius will have better access to global supply chains, further strengthening its position as a key player in international trade and investment.
Overall, Mauritius’ adherence to the OECD Declaration marks a milestone in its journey to becoming a more transparent, competitive, and globally integrated economy, reinforcing its reputation as a reliable destination for investment.