In June 2018, the Trade Department, in the Ministry of Finance, Trade, Investment and Economic Planning, with support of funding provided under the Trade Related Facility (TRF) a Southern African Development Community (SADC) programme financed by European Union, undertook a project to develop a national legal framework on trade remedies encompassing anti-dumping, safeguards and countervailing measures.
The first phase involved numerous consultations, with all relevant stakeholders, such as the Fair Trading Commission and the Seychelles Chamber of Commerce and Industry, and after which a draft legislation on trade remedies was developed. A National validation workshop on the development of the legal framework for the trade remedies covering the three components of trade defense systems, was held at the Eden Bleu Hotel on 13th August 2018.
Getting down to business; training workshop for private sector on Trade Remedies for Business.
As a small developing, island country, with limited economies of scale, the local industry is often faced with certain adversities brought about by an increasingly globalised trade environment. This may result in challenges in particular for the micro, small and medium enterprises, in the face of increased importation of goods and services.
It was therefore found necessary for Seychelles to have a trade remedies legislation to provide the domestic industry with a recourse for any negative impact that may be caused by import surges, subsidies and/or dumping of a particular product in its territory. In this respect, the establishment of a national legal framework on trade remedies is being developed to address these issues among others with a view to balance the trading environment and promote fair trade.
Key enablers of success
All attention; Mr. Gustav Brink takes staff from various agencies through their paces during a training workshop on Trade Remedies.
Achievements to date
The outputs achieved so far include the following:
- The draft Trade Remedies legislation and a brochure with further information on trade remedies. These can be accessed here: http://www.seychellestradeportal.gov.sc/news/seychelles-%E2%80%98steps-towards-drafting-its-first-legal-framework-ever-trade-remedies
- Capacity building for officials serving on the Investigation Unit on various aspects of trade remedies
- Procurement of equipment and software for the Investigation Unit.
Conclusion and next steps
Trade Defence Legislation and Operational Regulations: were finalised and have been submitted to the Attorney General’s office to align with the constitution before presentation to Parliament and this output has been achieved. A virtual Trade Defence Investigation Unit was established, trained and equipped.
For any further queries or comments on the draft legislations please send an email to email@example.com