06.15.16

Seychelles and China celebrate 40 years of diplomatic relations

Posted in Diplomatic missions, International relations at 1:59 pm by Robert Klien

Seychelles and China celebrated 40 years since the establishment of diplomatic relations between them with a reception arranged on June 10.

Vice-President Danny Faure was guest of honour at the reception hosted by the Ambassador of the People’s Republic of China to Seychelles, Yin Lixian, at the embassy at St Louis. Also, former President James Mancham, the Minister for Foreign Affairs and Transport Joel Morgan; the Minister for Finance, Trade and the Blue Economy Jean-Paul Adam; the Minister for Investment, Entrepreneurship Development and Business Innovation Michael Benstrong; members of the National Assembly, were present at the event.

Both Ambassador Yin and Minister Morgan proposed a toast for long lasting relations between the two countries.

Ambassador Yin said that the friendship between the Chinese and Seychellois people has a long history, and the past 40 years have seen massive progress in Seychelles-China relations.

Minister Morgan said for decades on, Seychelles and China established a framework for their partnership and Seychelles is proud to still have China as a trusted partner in that respect. He said: “China is the world’s most populous nation and Seychelles one of the smallest. The meaningful engagement that our two nations share is testament to how regardless of size, we have built partnership based on a spirit of mutual respect and exemplary friendship that serves as a model for the rest of the world”.

06.10.16

Seychelles inflation at -1.2% in year to May

Posted in Seychelles' statistics at 1:08 pm by Robert Klien

Seychelles inflation was -1.2% year-on-year in May compared with -1.1% a month earlier, the National Bureau of Statistics (NBS), the statistics office, said in a statement.

06.08.16

Seychelles and Slovenia to sign DTA

Posted in Business and Economy, Double Taxation Agreements, International relations, Seychelles government at 1:03 pm by Robert Klien

Seychelles and Slovenia have agreed to push for the conclusion of a double tax agreement (DTA), during a meeting held to discuss improving bilateral relations.

Slovenia’s Ambassador, Selby Pillay, said: “Slovenia and Seychelles are connected by many attributes. As small states, we understand each other’s efforts and we would be pleased to share and exchanges experiences in the fields of environment and nature conservation and tourism.”

Following the meeting, a statement was issued to announce that the 2 jurisdictions are holding negotiations towards a DTA, which would ensure that income from cross-border trade and investment is taxed only once. It would allocate the taxing rights of both Seychelles and Slovenia; potentially reduce withholding taxes on dividends, interest, and royalties income; and would likely include tax information exchange provisions.