Two Memorandum of Understanding to be signed today between Seychelles and China in the area of bilateral cooperation
May 07, 2019
Monday 6th May 2019; The State Administration for Market Regulation of the People’s Republic of China (SAMR) and the Ministry of Finance, Trade Investment and Economic Planning will be signing two (2) Memorandum of Understanding tomorrow Tuesday 7th May, 10.00a.m at Liberty House.
The signing will be done by the Minister for Finance, Trade, Investment and Economic Planning on behalf of the government of Seychelles and H.E Mr. ZHANG Mao,Minister for State Administration for SAMR of the People’s Republic of China. One MOU will be between SAMR and the MFTIEP, which will encourage cooperation in the fields of trade development,and the other between SAMR and the Fair Trading Commission, aims to encourage cooperation in the fields of competition policy, consumer protection and market surveillance.
The purpose of this Memorandum is to establish a general framework for bilateral cooperation between the Parties.
In attendance will be the Secretary of State for the MFTIEP Patrick Payet, Mr. Francis LEBON, Chief Executive Officer of the Fair Trading Commission (FTC), Ms. Cillia MANGROO, Principal Secretary for Trade and other officials from FTC, MFTIEP and the Department of Foreign Affairs of the Republic of Seychelles.
After the signing, H.E Mr. ZHANG Mao and his delegation will be visiting the FTC.
The relationship between China and Seychelles has been developing well since the establishment of diplomatic ties on June30, 1976.
The media is invited to cover the signing and the visit to FTC.
The State Administration for Market Regulation is a ministerial-level administrative organ directly under the State Council which undertakes a broad range of market supervision responsibilities, including:
l to conduct comprehensive supervision and management of the market;
l to execute unified registration of market economic operators and to establish an information transparency and sharing mechanism;
l to organize integrated market surveillance enforcement and to undertake the anti-monopoly law enforcement so as to normalize and maintain the market order;
l to organize the fulfillment of national quality strategy, promoting industrial quality advancement and supervising products and food safety and the special equipment safety as well;
l to be responsible for building up national systems and infrastructure of measurement, standards, testing, certification and accreditation.