But we also call for a dose of realism: countries in the region are not Mauritius writ large. They have their own specificities which must be taken into account. Whether you want to locate an enterprise in Madagascar or Bangladesh, or run a bank in Tanzania or India, there is a tremendous adjustment to be made.
The regulator can facilitate this adjustment by having a framework for cooperation in place. Instead of trying to address the issues that are likely to arise on a bilateral country-tocountry basis, it is preferable to address them at the regional level. This is the objective which we are pursuing in such fora as COMESA and SADC.