Parliament has passed a resolution intended to increase the country’s attractiveness for investments to the United Arab Emirates.
Prime Minister the Hon. Gaston Browne explained the main objective of the investment agreement, which was executed in October 2016.
He further outlined some of the provisions of the contract.
Prime Minister Browne says the agreement prohibits double taxation for the benefit of investors from the UAE who have invested both here and in their homeland.
He says investor protection agreements such as this will ultimately help to attract more foreign direct investment.
Prime Minister Browne is scheduled to travel to the Arab territory on an investment mission this Friday.