Seychelles ‘steps towards the drafting of its first legal framework ever for trade remedies
The first steps for the development of a first legal framework for Trade Remedies for Seychelles is well underway. In June this year, the Trade Department undertook a project to develop a national legal framework on trade remedies, namely, 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 where a draft legislation on trade remedies were developed.
Furthermore, on Monday 13th August, the Trade Department in the Ministry of Finance, Trade, Investment and Economic Planning held a national validation workshop at the Eden Bleu Hotel, on the development of the legal framework for the trade remedies.
As a small country, with limited economies of scale, our local industry is often faced with certain adversities brought about by an increasingly globalised trade environment. This may result in challenges in particular for our micro, small and medium enterprises, in the face of increased importation.
There is a need for trade remedies legislation to provide the domestic industry with a recourse for the negative impact, caused by import surges and/or dumping of a particular product in some circumstances. In this respect, the establishment of a national legal framework on trade remedies is being developed to address these issues.
This workshop was aimed at engaging all stakeholders that were involved in the consultation process to validate the first draft of legislations pertaining to trade. The objective of this initial phase is to develop all relevant legal instruments which will allow for the implementation of measures that are consistent with international best practices. The second phase will focus on developing capacity of the relevant stakeholders to ensure effective implementation of the laws in force.
This workshop is being funded under the Southern African Development Community’s Trade Related Facility (SADC TRF), and is envisaged to be carried out in two phases.
The draft Trade Remedies legislation can be accessed below.
•Seychelles Draft Trade Remedies (Anti-Dumping Measures) Regulations 2018
•Seychelles Draft Trade Remedies (Countervailing Measures) Regulations 2018
•Seychelles Draft Trade Remedies (Safeguard Measures) Regulations 2018
•Seychelles Draft Trade Remedies Bill 2018
For Further information on Trade Remedies please download Brochure here
For any further queries or comments on the draft legislations please send an email to email@example.com.