EMIRATES: Agreements were signed between Bahrain and The Netherlands

Agreements were signed yesterday at the Finance Ministry between Bahrain and The Netherlands. The first deals with the promotion and protection of investments, and the second with reciprocal exemption with respect to taxes on income and profits derived from international air transport. Signing were Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa and Dr Cornelis GJ van Honk, Netherlands Non-Resident Ambassador to Bahrain.

The agreements promote economic co-operation through the protection in its territory of investments of nationals of the contracting party. With respect to taxes, fees, charges and to fiscal deductions and exemptions, each is to accord to nationals of the other party who are engaged in any economic activity in its territory treatment not less favourable than that accorded to its own nationals or to those of any third state who are in the same circumstances.