Trade Agreement Signed Between Hongkong Special Administrative Region And Kuwait In May 19Th
In May 13, 2010, the Hongkong Special Administrative Region Government signed a protection investment agreement with Kuwait.
This is the first time that Hongkong has signed agreements with the Middle East countries.
Liu Wuhuilan, Secretary of the Hongkong business and Economic Development Bureau and Mustafa Samari, finance minister of Kuwait, jointly signed the investment promotion and protection agreement and the economy and technology. cooperation Agreement.
According to the protection investment agreement, the two governments will give investors fair and just treatment, make compensation when the investment is expropriated, and allow investors to freely pfer their investment and income abroad.
Economics and technology cooperation The agreement aims to promote bilateral economic, financial, commercial, industrial, pport and communications fields. cooperation 。
At present, countries and regions that have signed protection investment agreements with Hongkong include the United Kingdom, France, Germany, Italy, Holland, Sweden, Austria, Belgium - Luxemburg economic alliance, Denmark and Thailand.
The Hongkong Special Administrative Region has also signed agreements with Kuwait on Avoiding Double Taxation on income and preventing tax evasion. The agreement is the tenth comprehensive avoidance of double taxation agreement signed between Hongkong and its trading partners.
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