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Seychelles President highlights new opportunities for Indian Ocean trade and partnership

Seychelles President highlights new opportunities for Indian Ocean trade and partnership ( SEYCHELLES - President Michel, the President of the Seychelles, has called on the Indian Ocean island business communities to continue nurturing regional economic integration and create new opportunities for trade and investment.

The President addressed the opening of the 6th Economic Forum of the Indian Ocean Islands, comprising of participants from Comoros, Madagascar, Mauritius, Mayotte, Reunion Island, and Seychelles.

“We must encourage a culture of innovation and a spirit of enterprise in order to create more economic and social opportunities. We also need to be pragmatic. We have to make the most of openings and not be tied down by past mistakes. In order to ensure a better future for the region, we must adopt common objectives, based on our island affinities,” said President Michel, in his opening address.

The forum is organized by the l'Union des Chambres de Commerce et d'Industrie de l'Océan Indien (Union of the Chambers of Commerce and Industry of the Indian Ocean).

President Michel praised the initiative for a new protocol of agreement, which will be signed in the near future, for the creation of a regional label for the tourism industry and said that the government of Seychelles gave its full support.

The President urged the members of the UCCIOI to consider the significance of the Creole Day slogan of the Creole Festival, “Nou Pre, Nou Lwen," (We are far, yet so near) for the increasing interdependence of the islands of the Indian Ocean.

“It may be applied to the whole region, as we strive for greater mobility among our populations, easier flow of capital, and more exchanges of goods and services, and also of knowledge and ideas,” President Michel stated.

The President also noted that the effects of the global recession had been significant on all the island nations of the region and that the joint efforts of the Indian Ocean islands would be the deciding factor in the future of the recovery of the regional economy.

The President said that the forum would identify new avenues for partnership in the region, which he said would also consolidate each nation’s capacities and the economic power of the region.

Alain St.Ange CEO, Seychelles Tourism Board Email:

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