COVID-19 impact on tourism could deal $4 trillion blow to global economy - UNCTAD - UNWTO REPORT - Bizweek
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ECONOMIC INTELLIGENCE
UNIT VIEWPOINT
The EU’s
tax schisms
ÉDITION 349 – VENDREDI 02 JUILLET 2021 L’HEBDOMADAIRE DIGITAL GRATUIT
L’ HEBDOMADAIRE ÉLECTRONIQUE GRATUIT
UNCTAD – UNWTO REPORT
COVID-19 impact
on tourism could deal
$4 trillion blow
to global economy
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VENDREDI 02 JUILLET 2021 | BIZWEEK | ÉDITION 349 3
LA TOUR
UNCTAD – UNWTO REPORT
COVID-19 impact on tourism
could deal $4 trillion blow
to global economy
The impact of the COVID-19 pandemic on tourism could result in a more than $4 trillion loss to the global economy, UN trade and development
body UNCTAD said on Wednesday in a report issued jointly with the UN World Tourism Organization (UNWTO)
T Global vaccination
he estimate is based on losses in developing countries, many of which are highly brunt of the pandemic’s impact on tourism,
caused by the pandemic’s di- dependent on international tourism,” the UNW- with estimated reductions in arrivals of be-
rect impact on tourism and the plan crucial TO Secretary-General Zurab Pololikashvili tween 60 per cent and 80 per cent.
ripple effect on related sectors, added. They have also been hurt by vaccine ineq-
and is worse than previously “The world needs a global vaccination effort that uity. The agencies said the “asymmetric roll-
expected. Last July, UNCTAD estimated will protect workers, mitigate adverse social effects
and make strategic decisions regarding tourism, tak- Developing countries out” of COVID-19 vaccines has magnified
that the standstill in international tourism
would cost the global economy between ing potential structural changes into account,” said hit hard the economic blow to the tourism sector in
these nations, as they could account for up
$1.2 trillion and $3.3 trillion. Isabelle Durant, the UNCTAD Acting Sec- to 60 per cent of global GDP losses.
retary-General. International tourist arrivals declined by
The steep drop in tourist arrivals world-
about 1 billion, or 73 per cent, last year,
wide in 2020 resulted in a $2.4 trillion eco- “Tourism is a lifeline for millions, and advancing
vaccination to protect communities and support tour- while in the first quarter of 2021 the drop Rebound amid losses
nomic hit, the report said, and a similar fig-
ism’s safe restart is critical to the recovery of jobs was around 88 per cent, the report said.
ure is expected this year depending on the It is expected that tourism will recover
and generation of much-needed resources, especially Developing countries have borne the
uptake in COVID-19 vaccines. faster in countries with high vaccination
Cont’d on page 4
VENDREDI 02 JUILLET 2021 | BIZWEEK | ÉDITION 349 4
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As tourism falls world GDP takes a hit in 2021 (3 alternative scenarios)
rates, such as France, Germany, the United and the country suffered a 69% fall in inter- According to UNWTO, international tourism. They suffered the largest reduc-
Kingdom and the United States. national tourists in 2020. tourist arrivals declined by about 1 billion or tions in tourist arrivals in 2020, estimated at
However, international tourist arrivals The country’s fall in tourism demand is 74% between January and December 2020. between 60% and 80%.
will not return to pre-pandemic levels until estimated at $33 billion and this leads to In the first quarter of 2021, the UNWTO The most-affected regions are North-
2023 or later, due to barriers such as travel losses in closely linked sectors such as food, World Tourism Barometer points to a de- East Asia, South-East Asia, Oceania, North
restrictions, slow containment of the virus, beverages, retail trade, communications and cline of 88%. Africa and South Asia, while the least-af-
low traveler confidence and a poor econom- transport. Developing countries have borne the fected ones are North America, Western
ic environment. Turkey’s total fall in output is $93 billion, biggest brunt of the pandemic’s impact on Europe and the Caribbean.
While a tourism rebound is anticipated about three times the initial shock. The de-
in the second half of this year, the report cline in tourism alone contributes to a real
expects a loss of between $1.7 trillion and
$2.4 trillion in 2021, based on simulations
GDP loss of about 9%. This decline in re-
ality was partly offset by fiscal measures to
Covid-19 response: Future support
which exclude stimulation programmes and
similar policies.
stimulate the economy. should be clearly targeted
Job losses across Vaccines and the uneven prospects for tourism The COVID-19 virus has so far – by
Likely outcomes countries June 2021 – infected 179 million people globally and contributed to 3.9 million
deaths (WHO, 2021). After abating somewhat in February and March, 2021 daily
The authors outline three possible sce- According to the report, the reduction cases increased to almost one million a day and still amount to 400,000 per day.
narios for the tourism sector this year, with in tourism causes a 5.5% rise in unemploy- Vaccine doses administered are approaching 2.4 billion. Vaccinations appear to
the most pessimistic reflecting a 75 per cent ment of unskilled labour on average, with a have slowed the spread in some countries, such as Israel, the United Kingdom, and
reduction in international arrivals. high variance of 0% to 15%, depending on the United States of America.
This scenario sees a drop in global tourist the importance of tourism for the economy. In most developing countries, access to and distribution of vaccines is a limiting
receipts of nearly $950 billion, which would Labour accounts for around 30% of tour- factor, and the virus continues to spread at an alarming rate in India, Brazil, and in
cause a loss in real GDP of $2.4 trillion, ist services’ expenditure in both developed many countries where tourism is important for people’s livelihood such as Maldives
while the second reflects a 63 per cent re- and developing economies. Entry barriers in and Seychelles. On the other hand, other countries where tourism is an important
duction in international tourist arrivals. the sector, which employs many women and sector such as Thailand, Morocco, and Barbados, appear to have done well in
The third considers varying rates of do- young employees, are relatively low.
mestic and regional tourism. It assumes a 75 controlling the spread.
A shot in the arm
per cent reduction in tourism in countries
where vaccine rates are low, and 37 per cent
Losses worse than Vaccines are a critical part of the solution, albeit with considerable uncertainty,
reduction in countries with relatively high previously expected even once access and distribution problems are overcome. While effective at
vaccination levels, mainly developed coun- limiting severe cases and deaths from the virus, so far it is not clear that current
tries and some smaller economies. In July last year, UNCTAD estimated that vaccination efforts completely halt the spread of infection. There are people
a four- to 12-month standstill in internation- who are reluctant to receive the vaccine, as they fear adverse short or long term
Closely linked sectors al tourism would cost the global economy
between $1.2 trillion and $3.3 trillion, in-
effects. In addition, people who have had the vaccine may take less care with
other preventative measures, and therefore expose themselves and others.
cluding indirect costs. Fears that vaccinations will be less effective against new variants of COVID-19
This is a multiplier and depends on the
But the losses are worse than previously add another layer of concern. However, a major challenge currently is the uneven
backward linkages in the tourism sector,
expected, as even the worst-case scenario availability of vaccinations and the low number of vaccinated people in many
including the unemployment of unskilled
UNCTAD projected last year has turned
labour, according to the report. countries.
out to be optimistic, with international trav-
For example, international tourism con- Given these constraints, it is unlikely that tourism will bounce back to its pre-
el still low more than 15 months after the
tributes about 5% of the GDP in Turkey pandemic levels within a year or two.
pandemic started.
A grim outlook for some
The UNWTO (2021b) reports that tourism experts do not likely to stay at home. Younger travellers, such as long-distance, preferring closer destinations with high
expect a return to pre-COVID arrival levels until 2023 or backpackers, who seem more willing to travel during vaccination levels. The share of vaccinated people
later. In fact, nearly half of the experts interviewed see a this pandemic tend to stay longer but spend less varies significantly across countries, from below 1 per
return to 2019 levels in 2024 or later (UNWTO, 2021c). The than older travelers. Cruise ships, involving extended cent to over 60 per cent (Reuters COVID-19 Vaccination
main barriers are travel restrictions, slow containment of confinement, are likely to be less popular. Developing Tracker). It is likely that tourism in countries with a high
the virus, low traveler confidence and a poor economic countries dependent on cruise ship arrivals may need to share of vaccinated people will rebound faster than in
environment. diversify their industries. countries with a low share.
Travel has adapted to the impact of COVID particularly The proportion of vaccinated people can be an Travel within Europe and North America, for example, is
in terms of travel restrictions. Domestic travel has indicator of tourists’ wanderlust and their possibilities likely to pick up faster beginning this summer than many
increased, but this does little to help developing to travel. Although the proportion in the countries of developing countries, who are still struggling to get
countries that are dependent on international travel. origin as well as in the destination can be decisive, it sufficient vaccines and are thus expected to rebound
Retirees, who tend to spend more per trip, are more is likely that tourists will nevertheless hesitate to travel slower.
Cont’d on page 5
VENDREDI 02 JUILLET 2021 | BIZWEEK | ÉDITION 349 5
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Estimated losses in GDP by region from reduction in tourism (percentage)
Policy Implications
Tourism is a major economic sector and has a particular countries, from almost complete to hardly started. workers. This is essentially borrowing from the future, and
socio-economic importance, as it employs many Rolling out the vaccine globally as soon as possible is an while helpful as a transitionary measure, incurs a debt
women and young people and provides a livelihood economic priority. Vaccinating 40 per cent of the global that will need to be repaid at some stage. Where the
to many informal workers in developing countries. population by year’s end and 60 per cent by mid-2022 support is for otherwise healthy businesses, it is likely to
The current pandemic has a devastating effect for the is an aspirational goal, but difficult to achieve and could pay off. This strategy is a challenge for most developing
tourism sector. UNWTO (2021a) estimates that 100 - cost $50 billion, according to International Monetary countries in particular where tourism is large. Social
120 million direct tourism jobs are at stake. Taking the Fund, World Health Organization, World Bank and World security nets do often not exist, and informality is high.
impact on closely linked sectors into account, the drop Trade Organization (IMF, 2021) estimates. Workers should be protected rather than specific jobs in
in international arrivals has caused an estimated loss Nonetheless, the estimated benefits far exceed the declining sectors, for example through training.
of about $2.4 trillion in GDP in 2020 and it is possible costs. While vaccination is incomplete and herd Third, countries need to make strategic decisions
that a similar loss occurs again this year. More positive immunity not achieved, stepping up coordination and regarding the future of tourism in their countries.
scenarios for this year with a stronger rebound in tourism communication on travel requirements is critical. For Some tourism businesses will not survive even once
in the second half still show a loss of about $1.7 to 1.8 example, the UNWTO and the airline industry body travel restrictions are removed. Governments need to
trillion compared to 2019 levels. International Air Transport Association (IATA) collaborate decide which to support and for how long. Long term
The recovery will depend to a large extent on the on a destination tracker. The European Union digital implications of the pandemic need to be considered.
uptake of vaccines, the removal and coordination COVID certificate is a major advance in this sense, Some structural adjustment is likely to be necessary.
among countries of travel restrictions and the rebuilding and IATA is also promoting a travel pass to facilitate It seems likely that COVID-19 will be around for some
of travelers’ confidence. the inclusion of travel documents such as vaccination time. A return to normal before 2023 seems optimistic.
certificates and test results. Other measures to facilitate Furthermore, environmental considerations, for example,
Three policy dimensions are important travel could include cheap, fast and reliable testing. may become more important and could increase costs
Agreed protocols for testing on departure may remove for long-distance flights or increase social pressure
First, bringing tourism back on track including in the need for quarantine on arrival. Common standards to avoid them. Other changes may be a reduction of
developing countries. Much needs to be done to restore are required so that destination countries accept testing confidence in cruise ships, more domestic tourism in
the confidence of travellers, who are concerned about in the source countries. the three largest source regions, United States, Europe
health, and the risk of cancelled travel plans and Second, it is important to mitigate the socio-economic and China. Developing countries dependent on tourism
becoming stranded overseas. impacts on livelihoods. Developed countries have might consider how they can diversify resources away
Vaccinations seem the most important element. So used fiscal measures to support tourism businesses and from tourism.
far, the vaccine rollout has varied greatly between
VENDREDI 02 JUILLET 2021 | BIZWEEK | ÉDITION 349 6
ACTA PUBLICA
RAPPORT DE L’ORGANISATION MONDIALE DU COMMERCE
La modération en matière de politique
commerciale a empêché une dynamique
protectionniste destructrice
Selon le dernier rapport de suivi du commerce de l’OMC, la modération des économies du G-20, et des Membres de l’OMC en général, en matière
de politique commerciale a empêché une accélération destructrice des mesures commerciales protectionnistes, dont l’économie mondiale aurait encore
souffert. La Directrice générale de l’OMC, Ngozi Okonjo-Iweala, a toutefois prévenu que des obstacles au commerce subsistaient et continuaient de
“L
saper les efforts déployés au niveau mondial pour accroître et diversifier la production des vaccins
e système com- tinue de lutter contre la pandémie
mercial multi- de COVID-19. Ce rapport, qui
latéral a une fois couvre la période allant de mi-oc-
de plus prouvé sa tobre 2020 à mi-mai 2021, donne
valeur. Comme des indications importantes dans
cela a été le cas pendant la crise financière divers domaines alors que les pays
mondiale il y a plus de dix ans, il a con- commencent à aborder les diffi-
stitué un rempart solide et efficace contre cultés que comporte une reprise
une accélération du protectionnisme face à économique après une pandémie.
la pire crise économique et sanitaire que En particulier, au cours des dern-
nous connaissons depuis des générations. iers mois, la coopération et la co-
Alors que le monde lutte pour remédi- ordination internationales entre les
er aux lourdes conséquences humaines, nations et les organisations inter-
économiques et sociales de la pandémie, gouvernementales ont augmenté et
nous ne devons pas relâcher nos efforts. se sont intensifiées.
Le commerce ne reprendra durablement Le rapport indique que le com-
que si l’équité vaccinale est assurée”, a merce est une force au service
dit la Directrice générale. du bien pendant la pandémie car
“Bien que les constatations du rap- il donne accès aux fournitures
port indiquent que les mesures restric- médicales. Bien que la valeur du
tives pour le commerce sont en baisse, les commerce mondial des marchan-
économies du G-20 ont plus de travail dises ait diminué de plus de 8% en
à accomplir pour assurer la libre circula- 2020, le commerce des fournitures
tion des fournitures et intrants médicaux médicales et des équipements de
essentiels pour sauver des vies. Les restric- protection individuelle a augmenté
tions commerciales entravent nos efforts de 16% et 50%, respectivement.
visant à accroître la production, en par- Le rapport indique également que
ticulier dans les pays en développement, le système commercial multilatéral
et à assurer une distribution équitable a permis de maintenir les courants
des vaccins. La politique en matière de d’échanges, l’OMC ayant joué un
vaccins est une politique commerciale et rôle central pour faire en sorte que
nous devons faire tout notre possible pour les chaînes d’approvisionnement
prévenir une résurgence de la pandémie, restent ouvertes et que les poli-
qui compromettrait considérablement la tiques commerciales restrictives
reprise économique mondiale. À ce stade, soient évitées.
le leadership du G-20 sera crucial pour Toutefois, la COVID-19 con-
soutenir le retour à une croissance forte, tinue de représenter une menace
durable et inclusive.” importante pour l’économie mon-
diale et la santé publique. La pro-
Indications duction de vaccins a été lente et la
suffisant de doses afin de vacciner
une grande partie de leur popula-
été durement touché par la COV-
ID-19 et bon nombre des mesures
secteurs de l’économie fortement
touchés par la crise, y compris
importantes distribution de ces derniers, iné- tion. visant le commerce des servic- l’agriculture, la santé, l’aviation, les
gale, ce qui a entraîné des disparités es mises en place au début de la transports, le tourisme, l’éducation
Le 25ème rapport de suivi du d’accès importantes entre les pays, Mesures de soutien pandémie ont été prorogées pour et la culture, ainsi que des mesures
commerce de l’OMC, qui porte sur en particulier pour les économies remédier aux difficultés auxquelles fiscales et financières visant à
les mesures commerciales du G-20, en développement à faible revenu, Dans l’ensemble des économies le secteur continue de faire face. soutenir les activités commerciales
intervient alors que le monde con- qui luttent pour obtenir un nombre du G-20, le secteur des services a Toutefois, l’adoption de nouvelles et les micros, petites et moyennes
mesures visant les services par entreprises (MPME).
les économies du G-20 depuis le En outre, le nombre d’ouver-
troisième trimestre de 2020 a con- tures d’enquêtes en matière de
sidérablement ralenti. mesures correctives commerciales
Pendant la période considérée, le est tombé au plus bas après avoir
coût de la prorogation des mesures atteint son niveau le plus élevé en
de relance liées à la COVID a dé- 2020. Le nombre mensuel moyen
passé le montant des dépenses en- d’ouvertures d’enquêtes en la mat-
gagées pendant la crise financière ière a atteint son niveau le plus bas
mondiale, mais le rythme des depuis 2012.
dépenses a ralenti et il est apparu Les rapports de l’OMC sur le
que la plupart des mesures étaient suivi du commerce sont établis
de nature temporaire. Depuis le par le Secrétariat de l’Organisation
début de la pandémie, les écono- depuis 2009. Les membres du G-20
mies du G-20 ont notifié à l’OMC sont les suivants : Afrique du Sud,
618 mesures de soutien liées à la Allemagne, Argentine, Australie,
COVID-19, et 290 autres mesures Brésil, Canada, Chine, États-Unis,
ont été identifiées à partir de Fédération de Russie, France, Inde,
sources publiques et de sites Web Indonésie, Italie, Japon, Mexique,
officiels nationaux. Ces mesures République de Corée, Royaume
comprenaient des dons, des prêts d’Arabie saoudite, Royaume-Uni,
ou des plans de relance visant des Turquie et Union européenne.
VENDREDI 02 JUILLET 2021 | BIZWEEK | ÉDITION 349 7
POST SCRIPTUM
ECONOMIC INTELLIGENCE UNIT VIEWPOINT
The EU’s tax schisms
The communique released by finance ministers of the G7 group of advanced nations is an
attempt to reach a “grand bargain” around tax. According to the initiative, revenue from US
technology firms would be taxed in the country in which activity is taking place, in exchange
for all countries abandoning Digital Services Taxes (DST) and imposing a minimum corporate
tax rate of 15%. A combination of resistance from countries whose corporation tax is less than
15%, carve-outs for important industries and difficulties in ratification by the US Congress are
likely to limit progress towards this goal in Europe. The status quo on the suspended tariffs is
likely to continue, as no action will take place before the G20 summit in October, and the US
is unlikely to implement the tariffs before the US Congress acts (if ever). Even if the proposal is
implemented, the revenue-raising implications are modest. Nonetheless, this is likely to set the
framework for future discussions on tax harmonisation at the EU and international level
A
communique, released by the global tax havens for ostensibly American on June 2nd, when the US implemented
finance ministers of the G7 multinationals. and immediately suspended a series of
group of advanced nations retaliatory tariffs targeted at European
on June 5th, aims to inject An EU-US grand bargain? countries that had implemented DSTs. EU
momentum into finding a member states are similarly concerned
common approach to the long-running The announcement during the meeting of that US tech companies, particularly those
problem of corporate tax optimisation. the finance ministers represents a grand such as Google or Facebook that have a
Some countries have been pursuing diverse bargain of sorts between the US and EU very light physical footprint, are taking
strategies to limit the flight of multinational to address the issue of tax havens and a disproportionate share of European
tax dollars or to try to lure them in with the the flight of corporate tax ownership to commerce without contributing to EU
promise of ultra-low tax rates. This issue the lowest-revenue jurisdictions. The US coffers.
has divided the US and Europe, and created administration is concerned about the The bargain would address these concerns
divisions within Europe. The EU has sought siphoning of multinationals’ revenue to by requiring companies, particularly
to receive revenue from the activities of low-tax jurisdictions, many of which are tech companies, to be charged sales tax
(mostly American) tech companies within in the EU, and about the DST implemented in countries in which they have activities
its borders, while American regulators by several European countries. The dispute (so-called pillar one). This would remove
have tried to limit the attractiveness of with Europe over the DST came to a head the need for DSTs and set the stage for
Cont’d on page 8
VENDREDI 02 JUILLET 2021 | BIZWEEK | ÉDITION 349 8
POST SCRIPTUM
their repeal. In return, all countries, issue as a justification for the suspension much room countries will have to avoid this
especially low-tax countries, would agree to of the tariffs, and as a result is unlikely pillar by artificially reducing their corporate
implement a minimum 15% global tax (so- to repeal them if the delay comes from tax rate through national exemptions for
called pillar two) on corporations in their the US Congress itself. Additionally, the investment or other activities.
home jurisdictions. G7 proposal will have to be agreed by a Moreover, in most large economies,
much wider group of actors to truly take corporate tax rates do not play a large role
Resistance across effect, most prominently at the summit in raising revenue, limiting the gains for G7
the board of the more globally diverse G20 group countries in striking the deal. OECD data
of countries, which is set to take place in indicate that, across the group, corporation
The proposal by the G7 faces a long and October. As a result, there is unlikely to be tax rarely accounted for more than 10%
rocky road to enactment, not least within much external pressure to push recalcitrant of government revenue in 1965-2017,
the EU, and it may not be adopted at all. EU countries into line on this issue in the despite the various changes in the rate
Cyprus has already threatened to block near future. and classification of corporate taxation.
the proposal at the EU level, and low-tax This share is fairly modest compared
jurisdictions such as Hungary and Ireland Little change ahead with social security contributions (25%),
may also oppose it, as their economic personal income tax (23%) and value-
growth models are based on attracting In addition to the diplomatic headaches added tax (VAT; 20%). Even if the new
multinational corporations, in part by associated with negotiating and ratifying rules generated a substantial change in the
offering low business tax rates. This the deal, its capacity for raising tax revenue declaration of new taxes, this would be
strategy of attracting inward foreign direct is dubious. There are specific problems unlikely to substantially bolster the fiscal
investment (FDI) through low tax rates is associated with the two pillars set out by the position of major economies.
a successful tool of economic development, deal.
and small countries such as these are The first pillar, stating that 20% of firms’ A long road ahead
protective of their sovereign right to tax corporate taxes will be based on the origin
multinationals as they see fit. of sale rather than its operational origin, Despite the agreement’s relatively modest
Outside the EU, the UK chancellor of the remains only narrowly defined. The objectives and outcomes, it represents
exchequer, Rishi Sunak, has suggested new rules apply only to firms that have progress in international tax co-operation.
that financial services firms in the city of profit margins in excess of 10%. By this The number of firms that will be directly
London be exempted from the first pillar. definition, only highly profitable companies affected by the agreement is small, but
Preliminary proposals by the OECD in the with large investments of intangible capital the position of intangible capital (such as
autumn included carveouts for several (such as pharmaceutical or tech firms) intellectual property rights on consumer
sectors, and the final proposal sets a are likely to be affected by the agreement, data) will only become larger in the coming
profitability threshold of a 10% margin, meaning that not all US tech giants will years, and, similarly, the problem of how
but the full list of exemptions is not yet be covered by this proposal. For instance, to tax this capital’s returns effectively will
finalised (and has the potential to become Amazon, which has massive global grow in importance. Moreover, in many
long). Meanwhile, governments that have operations but very low profit margins, will European countries, the demographic
implemented DSTs have indicated that they be largely unaffected by this new rule. profile is set to worsen, diminishing the
are unlikely to repeal them until the US The second pillar—the 15% minimum scale of government revenue that can be
Congress passes a law allowing for pillar one tax rate—also remains insufficient as a raised from taxation on labour (social
to take effect, which may need to take the tool to raise revenue. The deal in principle security and personal income tax). This
form of an international treaty and requires reduces the incentive for firms to declare will require a pivot towards other sources
two-thirds support in Congress—a high bar profits in foreign (less taxed) jurisdictions, of revenue, such as corporate taxation.
given the polarised political climate in the as the firm’s country of origin could place We expect the G7 agreement to provide
US. surcharges to bring effective tax rates up a framework for future discussion on a
The economic implications of this on to the floor of 15%. However, in practice European level as international discussions
the US’s suspended tariffs on Europe are OECD data indicate that only three EU progress, but there is little prospect of
uncertain, but the status quo is likely countries (Ireland, Hungary and Cyprus) meaningful agreement for some years.
to prevail for at least the next year. The have corporate tax rates that are lower
administration of Joe Biden, the US than the agreed 15%, limiting the pillar’s [Source: Economic Intelligence Unit –
president, cited progress on the taxation efficacy. Moreover, it remains to be seen how 23 June 2021]
VENDREDI 02 JUILLET 2021 | BIZWEEK | ÉDITION 349 9
DEBRIEF
21 COMESA STATES
PwC nomme un nouvel associé
Ministers of Industry Approve dans le domaine de ‘Risk Assurance
Services’
Frameworks for Implementing PwC Maurice a annoncé la nomination
d’un nouvel associé, Julien Tyack, responsa-
the Regional Industrial Strategy
ble du département Risk Assurance Servic-
es de la firme depuis 2018. Cette nomination
est effective à partir du 1er juillet 2021, et
Ministers of industry from the 21 COMESA Member States have approved the porte le nombre total des associés de la firme
à douze. La nomination de Julien Tyack est
implementation strategy of the regional local content policy framework and the man- une première pour la firme mauricienne : elle
agement of the Special Economic Zones and Industrial Parks souligne l’importance que prend la gestion
des risques, devenue une priorité pour les en-
treprises, dans un contexte post-COVID19
à la fois challenging et plein d’opportunités.
Les fonctions de gestion des risques sont
au premier rang des changements provoqués par la pandémie, et
elles doivent être prêtes à transformer la façon dont les entreprises
perçoivent et capitalisent sur ces risques.
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Réouverture de Casela Nature
Parks le 1er juillet
T he COMESA Local Con-
tent Policy Framework is
aimed at helping to trans-
form the region’s low productivity
economies, from overreliance on
spite high growth potential in the
region, poverty, unemployment,
low investment levels, and de-
pressed aggregate demand among
others, are prevalent.
strategy is aligned with the Third
Industrial Development Decade
for Africa (IDDA3) whose guid-
ing principles include: government
ownership and leadership of the
export of unprocessed primary initiative; strengthened enabling
commodities with either little or Guiding structural business environment; prior-
no value addition, to competitive
economies that produce, and ex-
economic itized sectors with high potential
for growth; and strong partner-
port value added products. transformation ships for financial and non-finan-
With the approval, Member cial resource mobilization at the
States will formulate similar pol- “This is attributed to depressed indus- multilateral, regional and bilateral
icies to maximize local benefits trialization in our region,” she stated levels.
from industrialization. Equally, the adding that industrial development On its part, COMESA Secre-
adopted framework of managing was critical in addressing the pro- tariat committed to continue pro-
special economic zones (SEZ) and ductive constraints towards the re- viding a platform for lobbying in-
industrial parks will guide Member alization of inclusive and sustaina- ternational technical and financial
States when domesticating SEZ ble transformation of the region. assistance to support the special
strategies and industrial parks at The approval of the frame- economic zones development.
the national level. works will therefore enable the full “The initiatives will include support-
In their communique, the Min- implementation of the COMESA ing learning events and profiling some
isters committed to ensure the Industrialization Strategy and Ac- SEZ projects that could serve as regional
harmonized regional frameworks tion, which was adopted by the centers of excellence,” she said. “Be- Pour sa grande réouverture au public le jeudi 1er juillet, Casela
and guidelines are implemented in Ministers in 2019, to guide struc- sides, the Secretariat will promote the Nature Parks vient avec des offres promotionnelles et de nouveaux
their respective countries. tural economic transformation of development of border economic zones concepts : ‘Drive-in Cinema’ et ‘Casela by Night’, entre autres nou-
Speaking at the opening of the the region. Among its key compo- and facilitate the needed technical assis- veautés. Du 1er au 31 juillet, un tarif promotionnel sur le ticket
meeting, the Minister of Industry nent is the promotion of agricul- tance for their development, among oth- d’entrée à Rs 150 par adulte et Rs 100 par enfant sera proposé aux
and Commerce of Zimbabwe, Dr ture and value addition. ers,” said the Secretary General Ms. Mauriciens souhaitant profiter des activités et attractions en plein
Sekai Nzenza, observed that de- The COMESA industrialization Chileshe Kapwepwe. air qu’offre le parc, grand de 350 hectares. Après près de trois mois
de fermeture suite à l’annonce du confinement national, un proto-
cole sanitaire a été élaboré et les mesures sanitaires adéquates ont
Air Mauritius : Vers une reprise été implémentées pour la sécurité et le confort des visiteurs.
ABC Foods lance une gamme de
progressive des vols à compter produits à l’attention de nos amis à
du 15 juillet 2021 quatre pattes
ABC Foods, pôle stratégique du Groupe
La compagnie nationale d’avia- né l’importance stratégique des activités proposera plusieurs destinations eu- ABC, a récemment lancé Bobtail, Catmor,
tion est fin prête pour accompagner aériennes, MK jouera pleinement son ropéennes à travers le hub Charles Canine Cuisine et Feline Cuisine, quatre
les autorités mauriciennes et plus rôle pour la relance économique du pays. de Gaulle. Par ailleurs, pour soute- marques d’aliments pour chiens et chats qui
particulièrement l’industrie touris- A compter du 15 juillet, nous prévoyons nir la reprise, Air Mauritius offre raviront les papilles de nos compagnons à
tique pour la reprise. Trois vols par la reprise progressive des vols et graduel- des tarifs intéressants, soit à partir quatre pattes. « Nous avons choisi de proposer
semaine sont programmés de Paris lement augmenter le nombre de fréquences de 759 euros (toute taxe comprise) ces marques spécifiques au marché mauricien
à partir du 14 juillet et la fréquence et de destinations », fait ressortir Sattar au départ de Paris et ce, à partir du suite au succès retentissant qu’elles connaissent
passera à quatre dès le 1er août. Hajee Abdoula, administrateur d’Air 14 juillet. Air Mauritius multiplie les en Afrique du Sud. Ces dernières sont réputées
« Air Mauritius répondra présent Mauritius (MK). consultations avec les acteurs prin- pour leurs qualités nutritionnelles et leur prix
pour soutenir Maurice dans sa stratégie Avec son partenaire Air France, cipaux du secteur touristique pour très compétitif », explique Paul Ah Lim,
de réouverture des frontières. Étant don- la compagnie d’aviation nationale rester à l’écoute du marché. General Manager d’ABC Foods.
VENDREDI 02 JUILLET 2021 | BIZWEEK | ÉDITION 349 10
DEBRIEF
COMMISSION NATIONALE DES DROITS HUMAINS - UNION EUROPÉENNE
Un livret de sensibilisation
aux droits humains pour
le grand public lancé
La Commission Nationale des Droits Humains (NHRC) a lancé, le lundi 28 juin,
avec l’appui de l’Union européenne un livret de sensibilisation aux droits humains
destiné au grand public. La NHRC a également présenté le nouveau matériel promo-
tionnel qu’elle va distribuer (un masque et un sac réutilisable) dans le contexte de ses
actions de sensibilisation aux droits humains
L e lancement du livret de 60
pages intitulé ‘Les Droits
Humains’ est une initiative
de la Commission Nationale des
Droits Humains (NHRC) pour
COVID-19 : PNL commercialise
des tests rapides antigéniques
sensibiliser le grand public à la
Déclaration Universelle des Droits Depuis le lundi 28 juin 2021, des kits de test rapide antigénique
de l’Homme. La NHRC a égale- seront disponibles dans toutes les pharmacies de l’île. Importé
ment présenté à cette occasion du par PNL, filiale du groupe Leal spécialisée dans la distribution de
matériel promotionnel qui servira produits pharmaceutiques et de produits de grande consomma-
à continuer son action de sensi- tion, ce test à usage unique est vendu à Rs 300 inc. TVA l’unité
bilisation auprès de ses différents et devra être effectué par professionnel de santé. Ce nouvel outil
groupes-cibles à savoir les jeunes, devrait accélérer le dépistage de nouveaux cas, permettant ain-
les personnes âgées, les femmes et si de contenir efficacement la propagation du virus au sein de
les forces de l’ordre. la population. « L’arrivée de ces kits à Maurice représente un
Le lancement de ce livret a été pas important, surtout dans un contexte où le pays se prépare à
organisé dans le cadre du projet rouvrir ses frontières à partir du 15 juillet », a déclaré Daniel de
‘Promotion des droits de l’homme Labauve d’Arifat, CEO de PNL.
de l’article 1 de la Déclaration Uni- lieu dans la salle de conférence de la
à Maurice et à Rodrigues’ qui est fi- verselle des droits humains qui dit Délégation de l’Union européenne
nancé par l’Union européenne. Le
projet, lancé en novembre 2017, a
que ‘Tous les êtres humains naissent en présence de Alan Ganoo, Min- Une nouvelle agence MCB
libres et égaux en droits et en dignité’.
permis à la NHRC de sensibiliser Il est de notre devoir à tous de nous mo-
istre des Transports terrestres et
du Métro léger, Ministre des Af-
au cœur du Mahogany
aux droits humains plus de 15 000
personnes y compris plus de 3500
biliser pour la défense et la promotion des faires étrangères, de l’Intégration Shopping Promenade
droits humains. Avec le livret que nous régionale et du Commerce inter-
jeunes âgés de 10 à 20 ans. lançons, nous posons un acte concret pour national, et de Mons. Seetulsingh,
Lors de la cérémonie d’ouver- promouvoir les droits humains, des droits Président de la NHRC.
ture, l’Ambassadeur de l’Union universels et indivisibles. La présence du Il s’agit du second livret expli-
européenne auprès de la Répub- Ministre aujourd’hui est un signal fort catif de la Déclaration Univer-
lique de Maurice, S.E.M. Vincent de l’engagement du Gouvernement dans selle des Droits de l’Homme lancé
Degert, a déclaré : « Nous aspirons ce domaine dans lequel nous avons beau- par la NHRC, après le lancement
tous à vivre une vie dans la dignité coup travaillé et dans lequel nous contin- le 27 janvier dernier du livret in-
et dans le respect de nos droits uerons à travailler ensemble. » titulé ‘Les jeunes et les Droits Hu-
fondamentaux. C’est l’esprit même La cérémonie de lancement a eu mains’.
The Nest : Première
application mobile créée
pour un projet immobilier La MCB a ouvert sa 41e agence au Mahogany Shopping Prom-
enade de Beau-Plan, le jeudi 24 juin 2021. Cette agence résolu-
ment moderne allie un service bancaire traditionnel à davantage
Et si la découverte de votre futur bien immobilier se acquéreurs potentiels puisqu’il leur permet d’accéder
faisait à travers une application mobile ? C’est l’expéri- facilement aux principales informations sur le projet. de services digitaux et un espace de rencontre pour les clients de
ence que propose Know House à ses clients. Le pro- Téléchargeable sur Google Play et App Store depuis la région. D’une superficie de 626 m2, MCB Beau-Plan compte
moteur a récemment lancé The Nest by Know House, avril 2021, l’application propose également l’option de trois guichets automatiques dont deux permettant d’effectuer
véritable vitrine pour faciliter la commercialisation de faire un tour virtuel du projet par le biais d’images à des dépôts en cash, cinq comptoirs et deux kiosques pour les
The Nest, un projet résidentiel haut de gamme, composé 360 degrés des biens ainsi que des espaces communs. opérations express. L’agence offre une gamme complète de pro-
de 15 unités développées sur un terrain de 6 730 m², à Il s’agit d’une première dans le secteur de l’immobilier duits et services bancaires ainsi qu’un espace dédié à l’organisa-
Péreybère. Ce programme est l’interface idéale pour les à Maurice. tion de conférences et d’évènements et des facilités de parking.
Relance économique : Cap Business Océan
Indien mise sur le potentiel des PME
Les petites et moyennes en- chaque année le 27 juin. Actuelle-
treprises ont un rôle clé à jouer ment en mission à La Réunion, il a
dans la relance économique post rencontré plusieurs entrepreneurs
-Covid dans les îles de la ré- et visité plusieurs entreprises pour
gion. C’est le message principal mieux comprendre les enjeux de
que porte le Secrétaire général leur secteur d’activité. Des mis-
de Cap Business Océan Indien, sions similaires sont prévues dans
Éric Magamootoo, à l’occasion les mois à venir dans les autres ter-
de la Journée des microentre- ritoires afin d’identifier les oppor-
prises et des petites et moyennes tunités d’affaires et de coopéra-
entreprises (PME), observée tion.You can also read
