The conference in Port Louis is being attended by 800 delegates from 70 countries, among them the UN Secretary General Ban Ki-moon.

The prime minister hailed the arbitration process, and cited the example of Mauritius which had resorted to arbitration over its ownership of the marine zone around Chagos island that is under British control.

He said international arbitration is an essential aspect for international trade in general, and urged African countries that had gone to Europe for arbitration to instead go to Mauritius.

Jugnauth recalled some advantages of doing business in the Mauritius island, which has become, according to him, “a hub for financial and trade transactions and features among the best countries to do business in Africa.”

The UN secretary general equally highlighted the benefits of arbitration, especially with regards to respect of the rule of law.

“The rule of law could be an abstract notion for many people. But for us at the UN, it is a concrete concept. The rule of law is not only an essential element for the good performance of the economy, but it also remains a crucial aspect for the protection of human rights. International arbitration could help to encourage this rule of law and help resolve differences between states,” Ban said.

Earlier, Ban met with Mauritius private sector players and reiterated the need for the participation of everyone towards achievement of the 2030 Sustainable Development Agenda.

He equally called for an end to the destruction of the planet to avert the inherent dangers associated with climate change. Enditem

Source: Xinhua


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