Seychelles and Ethiopia sign taxation agreement

Seychelles and Ethiopia sign taxation agreement -

Seychelles and Ethiopia have taken a landmark step in the building of their cooperation

through the signing of a Double Taxation Avoidance Agreement (DTAA).

Messrs Adam and Shide exchange documents after signing the agreement

The signing ceremony took place on Saturday July 14, 2012 on the sidelines of the 22nd

Session of the Executive Council of the African Union Commission in Addis Ababa,

Ethiopia.

The agreement was concluded by Seychelles’ Minister for Foreign Affairs Jean-Paul Adam

and Ahmed Shide, the Minister for Finance and Trade of the Federal Republic of

Ethiopia.

Mr Shide noted that the signing of the agreement marked a significant step in the

cooperation between the two countries and bodes well for closer trade and business

engagement in the near future.

“This is a very defining moment in the development of our co-operation, as it will open

up the doors by firstly connecting our country to each other and secondly to the global

market.

This in turn will create more opportunities for investment, job creation, wealth

creation, and business opportunities for our local entrepreneurs,” said Minister Adam.

He further noted that this new agreement is a new mechanism that will make it easier for

doing business between our two countries, and also doing business in Africa.

The minister also noted that the agreement comes at an opportune time, as Ethiopian

Airlines has started flying to Seychelles since April of this year.

Ethiopia hosts the headquarters of the African Union Commission, in which Seychelles

currently takes part actively.

With an increased focus on partnerships within the continent, south-south cooperation

and regional integration, the Double Taxation Avoidance Agreement further sets the

platform for investors and traders between the two countries to explore the numerous

potentials for growth.

Increased bilateral cooperation between Seychelles and Ethiopia is foreseen for the near

future, as Seychelles plans to open an embassy in Addis Ababa in the course of this

year.



Source Seychelles Nation