SAARC FMs meet focussed on tax avoidance, trade ties: Das
The Dollar Business Bureau The focus of the two-day meeting of SAARC Finance Ministers was to promote double tax avoidance and enhance trade ties among the member countries, Shaktikanta Das, Economic Affairs Secretary, who represented India at the meeting said. “The focus of discussion was on economic issues and fostering a customs union, promoting double taxation avoidance between the SAARC nations, improved connectivity between the SAARC countries, increasing volume of trade, developing supply chain linkages between the SAARC countries,” Das told journalists on the sidelines of an event in New Delhi. “There was special emphasis on the SAARC Development Fund (SDF) and its funding,” he added. The meeting of the SAARC Finance Ministers concluded on August 26 in the capital city of Pakistan, Islamabad. Due to political reasons, Finance Minister Arun ...
SAARC Motor Vehicle Agreement to ease cross border trade
The Dollar Business Bureau According to an official release from Ministry of Road Transport & Highways, four countries belonging to South Asian Association for Regional Cooperation (SAARC) on Thursday finalized an agreement that would facilitate their cross-border trade. India, Bangladesh, Bhutan and Nepal, in a meeting from between February 2-3, 2015, at Raichak near Kolkata, discussed Motor Vehicle Agreement (MAV), under which the countries agreed for a seamless transit of passenger and cargo vehicles between their countries and draw up plans for its speedy implementation. This agreement, which has been prevalent in European countries, would allow the passenger, personnel and cargo vehicles of these countries, travel in designated key routes avoiding trans-shipment of goods and passengers at the border ...
