It’s becoming more and more evident that the trajectory of Seychelles’ Blue Economy is heavily dependant on geopolitics in our region. Who the big regional players are and whether they are advocates of sustainability and equity (2 key pillars of the Blue Economy) will be determining factors in the take-off or crash and burn of the Blue Economy.
Many yacht operations in Seychelles are not paying ANY taxes despite having heavy impact on the environment
THE PEOPLE Newspaper | June 03 2015 | Vol. 3 No. 19: The Seychelles Revenue Commission (SRC) and Customs are carrying out investigations into incidents of breach of licences and tax evasion in the yacht operations business, the Minister for Finance, Trade and the Blue Economy Jean-Paul Adam said in the Assembly on Tuesday this week.
Seychelles News Agency; 18 January 2018, by Betymie Bonnelame: New measures have been put in place to ensure that Seychelles-flagged purse seiner vessels don't surpass their allocated limit of 2,555 metric tonnes of yellowfin tuna.
“If we want the Blue Economy game to change then India is a game changer”. Dr. Nirmal Jivan Shah, Chief Executive of Nature Seychelles said this in an article published in August 2015 at the end of former President James Michel’s State Visit to India.
After two underwater heat waves in 1998 and 2010, El Niño has once again struck coral reefs worldwide, triggering the third global coral bleaching event in recorded history.