(Dubai) – Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum has received John C. Tsang, GBM, JP, the Financial Secretary of the Government of the Hong Kong Special Administrative Region, and discussed with him the state of co-operation between the UAE and Hong Kong in financial, investment and trade areas.
H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, attended the meeting.
Sheikh Mohammed was briefed by Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs, on the content and objectives of the agreement for the avoidance of double taxation on income, signed by the UAE with Hong Kong yesterday. Al Tayer also informed Sheikh Mohammed of the highlights of another Bilateral Investment Protection and Promotion Agreement that the ministries of finance in the UAE and Hong Kong will ink in the future.
The Vice President welcomed steps taken by the Ministry of Finance to regulate the trade, investment and financial relations of the UAE with other friendly countries, which he said aimed to realise the national and economic interests of the UAE people and the State and those of other countries.
(Courtesy WAM)
