Subject: Intercontinental Trust e-News - March 2015

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     4AX - Consortium including ITL to apply for 
a new stock exchange licence with the FSB 

We are pleased to announce that ITL and Capital Markets Brokers have partnered with Bravura, Trifecta Capital™ and Global Environmental Markets to launch 4 Africa Exchange (4AX).

                                                                
Visit of the Indian Prime Minister in Mauritius: 
Modi reassures the Mauritius financial services sector.  
Mauritius was honoured by the presence of the Indian Prime Minister Narendra Modi as the chief guest for the celebration of its 47th anniversary of Independence Day on 12 March 2015.
During his brief stay in Mauritius, several Memoranda of Understanding (MOU) were signed including one on the 'Ocean Economy' which will provide an extensive framework for cooperation between India and Mauritius.
In a speech delivered to the National Assembly of Mauritius, Mr. Modi provided reassurance that India will do no harm to the global business sector, one of the main pillars of the Mauritian economy.
Mauritius and Austria sign Tax Information Exchange Agreement (TIEA) 
The Government of Mauritius and the Federal Government of Austria signed a TIEA on 10 March 2015.
The agreement with Austria is the 10th TIEA that Mauritius is signing and will help establish new air links between the two countries. Austrian Airlines will start a weekly service to Mauritius as from the month of October 2015 which will help unlock new openings for tourism and business travel, given that there are currently no direct flights between the two countries.
Mauritius International Arbitration Centre: 
Mauritius to sign United Nations convention on transparency.
Mauritius will sign and ratify the United Nations Convention on Transparency in Treaty-based Investor-State Arbitration later this month.
The signing and ratifying of this Convention translates the determination of Government to introduce openness and accountability in the field of investor-State arbitration and promote Mauritius as a regional and international arbitration hub. 
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