The World Trade Organization (WTO) expanded its membership on April 26 with the addition of Seychelles as its 161st Member. Having originally applied for accession to the WTO in 1995, shortly after the Organization's founding, Seychelles' bid to join the WTO was approved by Members in December 2014, and Seychelles completed its internal ratification process of the WTO Agreement by March of this year.
As a small developing country comprised of 115 islands in the Indian Ocean with a population of 92,000 people, Seychelles is subject to particular economic challenges. Now, as a WTO Member, it can count on access to a level playing field through the multilateral trading system to seek growth and economic development. While tourism and fishing are key industries in Seychelles' economy, it also is active in manufacturing such as agroprocessing.