Rising Global Food Consumption
Nowadays, global food consumption is on the rise. With the world population expected to reach 9.5 billion by 2050, there will be increased importation, which could lead to more pollution, causing damage to coral reefs and marine life. Fortunately, people are becoming more sensitive and responsible towards protecting and preserving our environment. Adapting sustainable trade practices could be the first step towards a healthier environment.
Definition of Sustainable Trade Practices
Before delving deeper into this subject, let’s define sustainable trade practices. Sustainable trade practices refer to methods and policies that international commerce and Small Island Developing States (SIDS) put in place to ensure economic growth while minimising negative social and environmental impacts.
The Impact of International Trade
According to an article released by UNEP, international trade represents 25% of global Gross Domestic Product (GDP) and is considered a factor contributing to the planetary crisis.
Challenges and Opportunities for Mauritius
Mauritius, like many countries implementing sustainable trade practices, has faced challenges. For years, Mauritius has relied on traditional industries such as sugarcane, textiles, and tourism. Shifting focus to new sectors for development and investment could benefit the island. However, there may be difficulties in gaining access to foreign markets due to high competition, as these businesses will need to sell goods with added value.
“Made in Moris” Certification
Mauritius has a “Made in Moris” certification that encourages people to buy locally made products such as crafts, T-shirts, jewellery, and other goods produced by artisans or businesses. This initiative supports the local economy instead of relying on branded products. Additionally, there is a scheme to support small and medium enterprises (SMEs), providing financial support or training, where emerging businesses can gain knowledge and expertise on how to manage their operations.
Switch Africa Green Project
Moreover, the Ministry has implemented the Switch Africa Green Project. Its goal is to support and encourage the growth of green businesses and eco-entrepreneurship by promoting sustainable production among MSMEs and SMEs. Planters who follow sustainable agricultural methods can gain a sustainable certification. Through this programme, planters have benefitted from capacity building and training.
Conclusion
In summary, sustainable practices will benefit the island in many ways. They will encourage people to be more responsible and educated about the environment, economy, and social life. These practices will boost the Mauritian economy by keeping money within the country, reducing the impact of import leakage, and creating more development and employment opportunities for its citizens. By investing in sustainable trade practices, we ensure that the next generation will enjoy a better future with green areas and less pollution. If you found this blog interesting and wish to know more on this subject then you can check the following blogs ‘ Historical Trade Routes’ and ‘ Trade Terminology’.
