Hungary and the United Arab Emirates sign economic cooperation agreement

Wednesday, May 1, 2013

An agreement was signed between Hungary and the United Arab Emirates by State Secretary for Foreign Affairs and External Economic Relations Péter Szijjártó in Dubai; the agreement includes avoiding double taxation and the establishment of a trading house in Abu-Dhabi.

The deal on avoiding double taxation is the first interstate agreement between the two countries; predictability and stability are important factors for Emirati investors said the State Secretary.

Talks on an economic cooperation agreement start soon, which include the establishment of a joint economic committee said Szijjártó.

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