The governments of Singapore and India announced in a joint statement last week that the eighth round of talks to create a comprehensive economic and free trade agreement has been completed, with further talks anticipated in May.
The major items on the agenda included a review of the countries' double taxation avoidance agreement, as well as issues surrounding trade in goods and services, investments and mutual recognition agreements.
Speaking earlier in the year to Indian daily, the Financial Express, Singapore’s Deputy Prime Minister and Finance Minister Lee Hsien Loong indicated that his government was seeking to obtain a bilateral tax agreement with India along the same lines as the Indo-Mauritius tax treaty.
“Many companies invest in India through Mauritius because of the special arrangement you have...unless we can find some way to approximate that treatment in the Ceca, whatever terms we may negotiate, companies will still prefer the Mauritius route,” Lee observed.
As a trade dependent state, Singapore has built up a wide network of free trade agreements which takes in the United States, Australia, New Zealand and Japan. It is working to conclude further agreements with South Korea, Mexico, Canada, Sri Lanka and Chile.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment