Enticing French investors and businesses to invest in Seychelles that will be the aim when the Seychelles President James Michel meets with representatives of the French Business Confederation (Mouvement des Entreprises de France) in Paris
Michel accompanied by the archipelago’s Foreign Affairs Minister Jean Paul Adam will present potential investors with business opportunities that exist in the Indian Ocean archipelago mainly in tourism, new energy, the blue economy as well as infrastructure development.
According to a press statement issued by State House this afternoon, Michel arrived in Paris last night. The visit is at the invitation of his French counterpart Francois Hollande.
“The highlight of the visit will be a one to one meeting with President Francois Hollande at the Élysée Palace which will be followed by bilateral discussions between the delegations of the two countries,” reads the statement.
Seychelles and France have good relations and strong historical ties due to the presence of the first French settlers in the Indian Ocean archipelago back in 1770.
France is also a main source of imports for the Indian Ocean archipelago of 115 island with a population of around 90, 000 that relies heavily on food imports, with up to 90% of goods consumed coming by air and sea cargo.
According to provisional statistics provided to SNA from the National Bureau of Statistics, in 2013 Seychelles imported 76 million dollars worth of goods from France, in a year when the island state imported approximately 1 billion dollars total worth of goods from around the world.