Malta and the United Arab Emirates are to begin another round of discussions on the elimination of double taxation this week, as the two sides look to cement growing trade and diplomatic links and boost bilateral investment.
According to reports from the Middle East, Nasser Al Suweidi, director of investments at the Ministry of Finance and Industry in the UAE government, commented that the talks will "pave the way for drawing up the legal framework of the agreement which would lead to an economic equilibrium.” He also envisaged further developments in aviation links between the two nations.
The United Arab Emirates has negotiated similar double taxation agreements with 43 countries, and further agreements are planned with Luxembourg, Sweden, Croatia and Uzbekistan, Al Suweidi revealed. He also indicated that talks are advancing with six other countries: the UK, Switzerland, Russia, South Africa, the Netherlands and Slovakia.
The talks between Malta and the UAE are due to commence today in the Maltese capital, Valletta. .
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