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Wednesday, 20 June 2018

EU: €10 M to support trade in Seychelles

The Financing Agreement of the interim Economic Partnership Agreement Programme was signed today by the Secretary of State for the Department of Foreign Affairs, Executive Head of the Department of Foreign Affairs and National Authorising Officer and the Ambassador of the European Union to the Republic of Seychelles, in the presence of the Vice President & Minister responsible for Foreign Affairs Mr. Vincent Meriton and the Minister for Finance, Trade Investment & Economic Planning. The Minister for Finance, Trade Investment & Economic Planning, who views that: - “The interim Economic Partnership Agreement is an important agreement for our private sector as it ensures duty free and quota free access for their exports to the EU, which boasts a market of 500 million consumers. As one of the world’s largest trader of goods and services, the Economic Partnership Agreement will also provide access to a multiple of goods and services for our consumers in Seychelles. However, it is important that our private sector fully benefits from the Economic Partnership Agreement, which is why the signature toda, of this new programme worth 10 million euros is significant. The funds from the programme will be geared towards the development of value chains, building capacity of the various government agencies to better service the private sector and towards private sector development amongst others. We anticipate that by the conclusion of this programme in 2020, our private sector, especially women entrepreneurs, will be in a better position to access the EU market, whilst ensuring that their Intellectual Property Rights and the environment is protected. This programme, together with other programmes being funded by the EU, will further assist the regional integration initiative through the development of value chains between countries, especially within the ESA region, and to a great extent the African continent.”

Source: EEAS