Dhaka, Riyadh sign double taxation avoidance deal
Bangladesh and Saudi Arabia yesterday signed a deal on avoidance of double taxation.
Commerce Minister Faruk Khan and Vice-Minister of Finance of the kingdom Hamad S Al-Bazai inked the agreement at the Ministry of Finance in Riyadh. Bangladesh Ambassador M Shahidul Islam was also present.
Khan said the opportunity of signing such a deal is another milestone in the relations Bangladesh enjoys with Saudi Arabia. “It will facilitate further cooperation,” he said.
The Saudi finance minister also expressed his happiness on the new deal.
A business delegation accompanied Khan in Riyadh. He met Saudi business leaders in the Riyadh Chambers of Commerce as part of his five-day official visit to the kingdom.
He briefed the Saudi chamber leaders and businessmen about the investment climate in Bangladesh.
Khan highlighted the qualities of medicines, ceramic products, jute and jute products, frozen fish and leather and leather goods that may be exported to Saudi Arabia. The Saudi business leaders expressed interest in importing the commodities.
The delegation includes Abdus Salam Murshedy, president of Bangladesh Garment Manufacturers and Exporters Association; and Sheikh Farook Hossain, chairman of Bangladesh Jute Association.