ABU DHABI, 15th March, 2023 (WAM) — Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State, signed three economic agreements with Denis Christel Sassou Nguesso, Minister of International Cooperation and Promotion of Public-Private Partnership of the Republic of Congo-Brazzaville.
The signing ceremony took place at the Ministry of Foreign Affairs and International Cooperation in Abu Dhabi.
The agreements cover important areas of bilateral cooperation between the two countries, including a double taxation avoidance agreement, an investment promotion and protection agreement, and an air transport agreement.
Commenting on the occasion, Sheikh Shakhboot bin Nahyan emphasised the importance of these agreements, which are part of efforts to promote the two countries’ shared objectives and bolster economic prosperity. In this regard, the UAE Minister of State commended the strength of relations between the UAE and the Republic of Congo-Brazzaville, as well as the keenness of the two countries to enhance cooperation for the benefit of their peoples.
Sheikh Shakhboot added, “The double taxation avoidance agreement aims to avoid double taxation on income and capital gains earned by citizens and residents in our respective countries, while the investment promotion and protection agreement aims to encourage and safeguard select investments made by individuals. In addition, the air transport agreement will provide services that facilitate the movement of people, goods, and merchandise between the UAE and the Republic of Congo-Brazzaville, in turn supporting tourism and trade exchange between the two countries.”