Chile became the first South American country to sign a double taxation agreement with New Zealand on Wednesday, which was concluded at a signing ceremony in Wellington between Minister of Finance Michael Cullen and Chile’s Finance Minister Nicolas Eyzaguirre.
Describing the treaty as a “significant event” Dr Cullen noted: “The DTA will complement the Closer Economic Partnership (CEP) agreement being negotiated between Chile, Singapore and New Zealand. The CEP offers considerable strategic benefits for all three partners, building a bridge between Latin America, the Pacific and Asia.”
New Zealand currently has 27 similar arrangements with other trading partners. The latest agreement with Chile will come into effect once both governments have ratified the measures.
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