It is a welcome development that the two sides are now discussing how to dismantle trade barriers. Lowering tariffs would boost welfare and benefit consumers, in particular. For example, a study carried out by the European Commission shows that EU consumers have saved € billion a year since the 1990s as a result of tariff reductions.
The other financial and market regulators, namely the Stock Exchange of Mauritius and the Financial Services Commission, have also garnered international accolades. I am certainly not saying that there have not been some major tremors in our financial sector, because there have been. But these had nothing to do with the ongoing global financial and economic crisis.