Turkey and Mexico Discuss Free Trade and Double Tax

by Lorys Charalambous, Tax-News.com, Cyprus

19 December 2008

Turkish Foreign Minister Ali Babacan has expressed hope that the two countries can reach an agreement on free trade and double taxation.

During his recent visit to Mexico, Babacan expressed the will to further intensify trade ties and said he believed the signing of a free trade agreement with Mexico would be highly mutually advantageous.

Mexican Foreign Minister Patricia Espinosa welcomed the Turkish visit, expressing Mexico’s wish to complete a double tax avoidance agreement with Turkey. As a result of the recent talks, both sides have subsequently undertaken initial preparations for the signing of a double tax agreement later this month.

Espinosa also said that the two countries had agreed to meet at least once a year at ministerial level to advance their bilateral trade agenda.

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