Establishing a public-private dialogue to ensure a stable future

The Groupement des Entreprises Franches et Partenaires (GEFP) significantly impacts Madagascar’s economy, contributing 25 % to exports and 17 % to imports while generating 15,000 jobs. Around 100 of the 275 operational free enterprises in the country are part of the GEFP.

The Free Zones and Enterprises (ZEF) law, as highlighted by GEFP President Béatrice Chan Ching Yiu, promotes job creation, attracts foreign direct investments (FDI), and accelerates industrialization. The GEFP has demonstrated resilience during various crises, notably preserving jobs during the Covid-19 pandemic.

During a multi-stakeholder workshop on reforming the Free Zones and Enterprises regime, President Béatrice Chan Ching Yiu emphasized Madagascar’s reliance on the GEFP’s economic contributions. Organized by the Economic Development Board of Madagascar, the event at the Carlton Anosy Hotel aimed to establish a Public-Private Dialogue to secure a stable future for investors under this regime.

Economic actors are advocating for sincere, transparent, and constructive dialogue to enhance collaboration among all parties. This will create a supportive environment for Madagascar’s sustainable economic development.