|
|
Article: A seafood hub in the making: Mauritius is not a country that believes in sitting still; no sooner has its income from sugar and textiles begun to decline than it has set about creating new economic ventures. One such is to turn Mauritius into a seafood hub in the Indian ocean. Nasseem Ackbarally has the details.
- Article from:
- African Business
- Article date:
- December 1, 2005
- Author:
CopyrightCOPYRIGHT 2005 IC Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Despite over two million kilometres of exclusive economic zone (EEZ) seaboard--about a thousand times bigger than the land area of Mauritius--rich in pelagic and deepsea fish species, this natural resource has been exploited very timidly, so far by the island state.
[GRAPHIC OMITTED]
Such a huge maritime territory holds an enormous potential for economic development, especially given Mauritius' preferential access to both the EU and the US markets under the Cotonou and the AGOA trade agreements.
For years, few gave a second thought to the maritime wealth as the other sectors of the economy, particularly textiles, were doing not only well, but ...