trade portal
Eden Island, Seychelles
Seychelles Airport
Victoria, Mahe
Victoria-industry-harbor
IMG-20220607-WA0019
Slide two
Edin Irland
main slide two
IMG-20220607-WA0008
Slide one
Market
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Invitation to support the operational roll-out of the new EU customs advance cargo information requirements entering into force on 1 March 2023

July 6, 2022

Invitation to support the operational

Dear Sir or Madam,On 1 March 2023, the European Union is launching the next phase of its customs pre-arrival security and safety programme, Import Control System 2 (ICS2) – Release 2.Launched in March 2021, the ICS2 system aims to gather data on all goods.......

The African Union calls for the submission of applications of qualified Seychellois Citizens, to the Indicative List of Panelist for the AfCFTA Dispute Settlement Body.

February 9, 2022

The African Union calls for the

On 30 May 2019, after the deposit of the 22nd instrument of ratification, the Agreement Establishing the African Continental Free Trade Area (“Agreement Establishing the AfCFTA”) entered into force. Upon the entry into force of the Agreement, the Protocol.......

World Trade Organization (WTO) agreement

February 9, 2022

World Trade Organization (WTO)

Recognizing that their relations in the field of trade and economic endeavour should be conductedwith a view to raising standards of living, ensuring full employment and a large and steadily growingvolume of real income and effective demand, and expanding.......

Long term technical assistance to support the Economic Partnership Agreement (EPA) implementation in Seychelles

February 9, 2022

Long term technical assistance

In addition to the Registrar General’s Office and the Department of Culture, there are also several Intellectual Property rights service providers such as the Judiciary, Police, Customs, the Small Enterprise Promotion Agency (SEnPA) and the National Arts.......

‎Seychelles at a Glance

Seychelles has a mixed, developing economy that is heavily dependent on tourism and ‎fisheries. Growth has been led by the tourism sector and by tuna fishing. The tourism ‎industry directly employs about 30% of the labour force and directly and indirectly accounts ‎for over 70% of the GDP.

Type of Economy Open Economy
Inflation (yearly average) 9.96% (2021)‎
National Currency Seychelles Rupees (SCR)‎
Labour Force (December 2021)‎ ‎66.7%‎‎
Unemployment (December 2021)‎‎ ‎3.3%‎‎
Exchange Rate (Jan 2022) Central bank of ‎Seychelles Website‎
  • US$ 1= SCR 14.72‎
  • € 1= SCR 16.92
  • ‎£ 1= SCR 20.06‎
Agricultural products‎ ‎Sweet potatoes,‎Cinnamon, cassava, and ‎Banana
Industries‎ ‎Tourism, Fisheries, Manufacturing, ‎Financial and Agriculture‎‎
Industrial production growth rate‎ ‎Due to COVID 19 in 2021 it decreases ‎‎15.20% in 2021.However prior to COVID, ‎it was 3.2%‎‎‎
Commercial bank prime lending rate ‎Average 8.5%‎
Business Hours‎ ‎‎08.00Hrs-16.00hrs‎

Internet penetration rate (% Population)‎ 72.1%
Internet subscriptions 31-Dec-2020‎ 119,010
Internet Users 31-DEC-20‎ ‎71,300‎‎
Internet Growth % 2000 – 2020‎ ‎‎1,088 %‎
Facebook subscribers 31-DEC-2020‎ ‎‎71,300‎‎‎

Seychelles has yet to establish a holistic strategy for tapping into the full benefits of the ‎digital economy. Given the many benefits as well as drawbacks, efforts are being made to ‎establish national positions. The use of existing consultations platforms such as the National ‎Committee on Domestic Regulations for Trade in Service has begun working on establishing ‎a national strategy to fully tap into the benefits of the digital economy.‎

‎Future Plan for E-Commerce

A future with e-commerce is a future paved towards growth. There exists great potential to ‎promote greater international trade and contribute to the country’s international ‎development by improving access to markets and communities that would be otherwise ‎inaccessible. ‎ As such, plans for the future are to:‎

  • First and foremost improve the structure of e-commerce by reviewing and modernizing laws ‎and regulations governing e-commerce as well as protecting consumers.
  • Moreover, conduct assessments to obtain a deeper view of the status of E-commerce in the ‎country.
  • and finally, formulate and introduce an action plan to guide the country’s efforts on this ‎area.