In an effort to bridge a trade collaboration gap between Mauritius and Iran, a Memorandum of Understanding (MoU) will be signed between the Economic Development Board (EDB) and the Trade Promotion Organisation (TPO) of Iran. This MoU will not only aid in consolidating the EDB’s market development and diversification strategies, but also encourage cooperation across various areas such as:

a. investment promotion in export-oriented manufacturing, light engineering, agro-processing, pharmaceuticals, healthcare, freeport and logistics, ICT, construction, hospitality, education and film industry, amongst others;

b. trade promotion with focus on exploring the Islamic Republic of Iran as a potential export market for made in Mauritius products such as textile and apparel, special sugars, processed foods, medical devices and jewellery, amongst others; and

c. encouraging Iranian companies to use Mauritius for manufacture of consumer goods for exports and benefit from preferential market access, mainly to Southern and Eastern Africa.