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Friday, 25 February 2011

New markets to aid Mauritius textile sector growth

The Mauritius textile sector, which supplies top European chains, is seen expanding by 2 percent in 2011 as it taps new markets outside the sluggish Eurozone, a minister said last week. Europe’s fragile economic recovery after the global downturn has hampered the rebound of Mauritius’ export sector, including textiles. Two stimulus packages since 2008 have targeted the one-time cornerstone of the economy. The textile industry contributes about 6.5 percent of Mauritius’s gross domestic product, but the sector employs some 11 percent of the Indian Ocean island’s workforce. The textile sector expanded by a marginal 0.7 percent last year after shrinking 4 percent in 2009. Trade and Industry Minister Showkutally Soodhun told Reuters he expected export revenues to climb to around 26.25 billion rupees this year. Mauritius supplies European household names such as Next and Inditex’s Zara.

Source: South African Trade Law Centre

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