Fiji proposes double tax avoidance deal with Sri Lanka

Monday, 26 January 2015 00:50 - - {{hitsCtrl.values.hits}}

Fijian Attorney-General and Minister for Finance Aiyaz Sayed-Khaiyum confirmed that Fiji has proposed a Double Taxation Avoidance Agreement with Sri Lanka and added that a draft agreement will be sent to Sri Lanka to initiate the discussions. Sayed-Khaiyum met with the Sri Lankan Minister for External Affairs Mangala Samaraweera this week. The meeting discussed issues that will lead to improved bilateral relations.

Fiji’s Attorney-General and Minister of Finance, Aiyaz Sayed-Khaiyum with Sri Lanka’s Foreign Affairs Minister Mangala Samaraweera “Enhancing trade and investment between two countries was one of the key issues that were discussed,” he said. “The South-East Asian region is experiencing economic growth and high commercial activity. “With the increased India-Fiji activity, we need to capitalise on the opportunities that exist in the countries within the vicinity. “Sri Lanka, with its new Government, can be a country to target for expansion of trade, investment and tourism.” Sayed-Khaiyum said they had very good discussions on strengthening Fiji-Sri Lanka bilateral relations. This, he said, was not just between the two countries, but also between Government and business and the business to business relations. “We have extended an invitation to Minister Samaraweera to come to Fiji and further strengthen our relations,” Sayed-Khaiyum said.