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   :: International Agreements

1. Double Taxation Agreements (DTAs)

2. Bilateral Investment Protection and Promotion Agreement (BIPPA)

BIPPA concluded and ratified by Seychelles with: Egypt

The following countries have agreed to the possibility of concluding an Agreement for the promotion and protection of investments with Seychelles:

Republic of Slovak Bahrain Cuba Qatar State of Kuwait Namibia
United States Sweden United Kingdom Germany Canada India


3. Multilateral Investment Guarantee Agency (MIGA)

Seychelles is a member of MIGA, a World Group Agency which provides non commercial risk insurance to private investors and lenders, and which provides technical assistance to countries on foreign investment. MIGA promotes cross-border investments that have a positive developmental impact and are economically and environmentally sound. These include expansion, modernisation or financial restructuring of existing projects and privatization of state owned entities.
Please visit the MIGA website, [www.miga.org], for more information.

4. International Convention on the Settlement of Investment Disputes (ICSID)

ICSID provides facilities for conciliation and arbitration of investment disputes between the Seychelles Government and private investors, which is in addition to the national legal procedures.
Read about ICSID Conventions, Regulations and Rules.

5. Indian Ocean Commission (IOC)

IOC, which comprises of Comoros, Madagascar, Mauritius, Reunion and Seychelles, promotes regional co-operation by means of several programs to include trade, tourism, environment, fishing, culture and investment. In order to establish a regional strategy to facilitate the free movement of goods, services, capital and human resources in the region, the European Union has funded the "Integral Regional Programme for Development of Trade" (PRIDE).

6. Common Market for Eastern and Southern Africa (COMESA)

Since 1998, Seychelles formed part of the 20 Eastern and Southern African countries namely Angola, Burundi, Comoros, Democratic Republic of the Congo, Djibouti, Egypt, Eritrea, Ethiopia, Kenya, Madagascar, Malawi, Mauritius, Namibia, Rwanda, Sudan, Swaziland, Uganda, Zambia and Zimbabwe that have joined together as the Common Market for Eastern and Southern Africa (COMESA).

COMESA presents Seychelles with potential benefits to the economy through regional trade and cooperation links within the region.

7. Cotonou Agreement

The Cotonou Agreement, the agreement signed between the African Caribbean Pacific (ACP) countries and the European Union is the successor agreement of the Lomé convention. It was signed in June 2000 and will end on 1st January 2008.

Under this agreement, Seychelles enjoys Preferential Access to the European Union market.

8. The Africa Growth and Opportunity Act (AGOA)

Seychelles has received AGOA eligibility, which enables the country to have potential exports to the U.S,A. such as frozen tuna, frozen/fresh fish, frozen prawns, garments, essential oils, crafts, stained glass, fine art, electronic products, coconut based products, spices, local spirits, wood and articles of wood and vegetable fiber products. However, the country’s exports to the U.S.A. under AGOA have to date been negligible.

9. Generalised System of Preferences (GSP)

The GSP was adopted in 1990 as a result of inter--governmental negotiation, held with the support of UNCTAD (United Nations Conference for Trade and Development). Under the GSP, most developed countries provide preferential tariff treatment on a non-reciprocal and non-discriminatory basis, to export from developing countries. Specific products are allowed to enter the preference-giving countries with Most-Favoured-Nation (MFN) duties reduced or eliminated. Qualified products from Seychelles can, under the GSP system, obtain access to the markets of Japan, Switzerland, Norway, New Zealand, Hungary, Canada, Czech Republic, Russian Federation, Slovak Republic, United States, Belarus and the EC.

10.Others

Seychelles is also a member of the following international political and financial institutions:

- The United Nations and its organs/agencies
- The International Monetary Fund and the World Bank
- The African Development Bank
- The Organisation of African Unity (OAU)
- The Commonwealth
- The Association of French-speaking States, The Non-aligned Movement (NAM), Group77