India - Seychelles
Q. Which of the following are reasons of interests of India in Seychelles?
1) Seychelles is a tax haven
2) It is a strategically located
3) India’s focus on Island Diplomacy- Published on 01 Jun 16a. 1, 2
b. 1, 3
c. 2, 3
d. All of the above
ANSWER: All of the above
- As the Seychelles is considered one of the preferred offshore havens for routing of funds, the Union Cabinet recently approved the signing and ratification of the taxation pact with the island nation to unearth black money.
- On maritime security, the two countries had excellent security cooperation in the Indian Ocean region, and India was a partner in providing aircraft, naval vessels and coastal radar systems for strengthening surveillance capacities.
- The location of Seychelles in Indian ocean makes it all the more important for Indian interests from the perspective of India’s burgeoning diplomacy with Island nations such as the ones in the Pacific.
- Agreements were signed on - Maritime security ties and cooperation on blue economy with the island nation; A Taxation Agreement with the Seychelles for allowing exchange of information to curb tax evasion and avoidance; Agreements of Space cooperation and Agriculture
