But the growth rate derived from the supply side, by adding indirect taxes and subtracting subsidies yields a number of 5.6 per cent. The difference between the two numbers as high as 3.4 per cent of GDP – is the error component. Such a large error component not only makes the data non-transparent but complicates the assessment of aggregate demand. 36.
Regional cooperation/economic integration In Mauritius, our trade policy has always been one of openness, whether it is to the world economy or to the region. We have of course, never been averse to drawing benefits from preferential trade arrangements. We are a member of various important international organisations such as WTO and of regional blocks such as COMESA and SADC.