06.25.08
Seychelles signs Agreement with Japan to help fisheries
Yesterday, on June 24, 2008, a grant aid agreement for fisheries was signed between Seychelles and Japan. The agreement was described as “milestone†in the relations of the two countries.
The agreement was signed at Independence House by Minister for Environment, Natural Resources and Transport Joel Morgan from Seychelles side and by the Japanese ambassador to Seychelles, Shigeo Iwatani from Japanese side.
The agreement covers R83 million of aid from Japan. The funding will be used for building a new fishing quay at Providence and for improving the Bel Ombre fishing port. This project is in line with the 2017 fisheries strategy, and it is very important in the development of fishing industry in Seychelles.
The Japanese government is financing 5 fisheries projects worth more than R80 million,. It should be noted that Japan has already been supportive of Seychelles’s fishing industry, which had a positive impact on the industry’s development.
According to Mr. Morgan, the fishing industry is the 2nd most important sector for income generation, food security and employment.
Seychelles Offshore Companies » Japanese Ambassador visits President Michel said,
July 1, 2008 at 3:29 pm
[...] has been described that Seychelles and Japan signed a grant aid agreement for fisheries on June 24, 2008. The same day, the Japanese ambassador to Seychelles, Shigeo Iwatani, who signed [...]