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Kharbash receives Algerian Minister of Finance

posted on 13/06/2007: 766 views



Dr. Mohammed Khalfan bin Kharbash, Minister of State for Finance and Industrial Affairs received in Abu Dhabi yesterday Karim Joudi, Algerian Minister of Finance. Kharbash and the visiting Algerian official discussed ways of implementing bilateral agreements signed by the two countries and which include agreements on avoidance of double taxation, and protection of investments.



In his remarks during the meeting, Dr. Kharbash underlined the importance of bilateral trade relations, adding that these relations should be taken to new highs by broadening the scope of investment to include real-state, food industries and agriculture sectors.



He pointed out that two way trade was steadily expanding, increasing from Dhs.73 million in 1999 to more than Dhs.1.5 billion in 2006. UAE investments in Algeria rose to more than Dhs.40 billion in 2006. (Emirates News Agency, WAM)

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