UAE India sign protocol to curb tax evasion signed

Abu Dhabi, April 17, 2012 (WAM) - The two sides also signed a memorandum of understanding for setting up a joint consular committee. The signing of the agreements followed a meeting between Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan and his Indian counterpart S. M. Krishna on Monday. During the meeting, they discussed bilateral relations in trade and investment, culture, energy, transport, telecommunications, oil, gas, business and consular affairs and ways to boost them. On his part, the Indian FM thanked Sheikh Abdullah for the UAE’s hosting of the joint committee meetings, good hospitality and reception. Krishna lauded the role played by the UAE in the regional and international arenas, especially in combating maritime piracy and terrorism in order to achieve the international security and peace. He hoped that the volume of mutual trade would grow in the next few years, and that a support team would be set up to back the trade, investment, economic and energy fields. Sheikh Abdullah and the Indian Foreign Minister signed the minutes of meeting of the joint committee on cooperation in the economic, trade, investment, security, judicial, educational, customs and energy fields. Jumaa Mubarak Al Junaibi, Undersecretary of the Ministry of Foreign Affairs, and Indian Ambassador to the UAE M. K. Lokesh signed the memorandum of understanding for setting up the joint consular committee. Musbeh Mohammed Al Suwaidi, Assistant Undersecretary for Support Services Affairs at the Ministry of Finance, and the Indian Ambassador also signed the second protocol on amendment of the agreement between the two governments on avoiding double taxation and financial evasion regarding taxes on the income and capital. - Khaleej Times with inputs from WAM