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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Notice concerning the valid proof of origin for imports into the European Union of products originating in Seychelles under the EU – Eastern and Southern Africa interim Economic Partnership Agreement, as from 1 July 2023

May 11, 2023

Notice concerning the valid proof

Notice concerning the valid proof of origin for imports into the European Union of products originating in Seychelles under the EU – Eastern and Southern Africa interim Economic Partnership Agreement, as from 1 July 2023........

Press Release-Seychelles Celebrates World Intellectual Property (IP) Day

April 17, 2023

Press Release-Seychelles Celebrates

Press Release-Seychelles Celebrates World Intellectual Property (IP) Day.  .......

11th EDF-Tender Dossier Clarification Request- Procurement of service vessel and underwater drone in Seychelles-INTPA/MRU/2023/EA-LOP/0049 –

April 17, 2023

11th EDF-Tender Dossier Clarification

11th EDF Economic Partnership Programme - Procurement of service vessel and underwater drone in SeychellesINTPA/MRU/2023/EA-LOP/0049 -.......

11th EDF-Tender Dossier Clarification Request-Procurement of equipment for a pig abattoir on Praslin-INTPA/MRU/2023/EA-LOP/0045 Island, Seychelles-

April 17, 2023

11th EDF-Tender Dossier Clarification

11th EDF Economic Partnership Programme – Procurement of equipment for a pig abattoir on Praslin Island, SeychellesINTPA/MRU/2023/EA-LOP/0045- .......

11th EDF-Tender Dossier Clarification Request-Procurement of servers in Seychelles-INTPA/MRU/2023/EA-LOP/0050

April 17, 2023

11th EDF-Tender Dossier Clarification

11th EDF Economic Partnership Programme - Procurement of servers in SeychellesINTPA/MRU/2023/EA-LOP/0050-.......

‎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.