Double Tax Avoidance Deal With Sri Lanka Proposed

January 23

2015

Fiji has proposed a Double Taxation Avoidance Agreement with Sri Lanka.

The Fijian Attorney-General and Minister for Finance, Aiyaz Sayed-Khaiyum, confirming this said a draft agreement will be sent to Sri Lanka to initiate the discussions.

Mr 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.

“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.”

In all, Mr 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 Hon. Minister Samaraweera to come to Fiji, and further strengthen our relations,” Mr Sayed-Khaiyum said.