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RIYADH: Saudi Arabia has completed the process for endorsing the WTO Trade Facilitation Agreement. The Kingdom is the second country to endorse the treaty, according to the Ministry of Commerce and Investment, local media reported on 15.06.2016. Minister of Commerce and Investment Majed Al-Qassabi said on 14.06.2016 that...

The Financial and Economic Cooperation Committee in the Gulf Cooperation Council will hold an extraordinary meeting in Riyadh, Saudi Arabia, 24.05.2016 to discuss the introduction of taxes. The official Saudi Press Agency (SPA) reported that the meeting will discuss a number of topics, including the recommendations regarding the draft of a...

New Delhi: India announced on 20.06.2016, sweeping reforms to rules on foreign direct investment, opening up its defence and civil aviation sectors to complete outside ownership and clearing the way for Apple to open stores in the country. The move comes two days after central bank...

India and Maldives signed two new tax agreements on April 11, 2015, for the exchange of information in tax matters and for the avoidance of double taxation of income from international air transport. The tax information exchange agreement is based on international standards on transparency and...

Chile and Uruguay concluded a second round of negotiations towards a free trade agreement (FTA) on April 12, 2016, according to a statement from Chile's Directorate General of International Relations (DIRECON). Experts from both countries discussed various issues related to the proposed agreement, including access to...