Iran, Algeria to agree on removal double taxation

Iran Materials 9 February 2007 12:00 (UTC +04:00)

(www.irna.ir) вЂ" Iran's Ambassador to Algiers Hossein Abdi Bayaneh conferred here with the Algerian Finance Minister Mourad Medelci on removal of double-taxation agreements between the two countries.

At the meeting, the two sides also discussed expansion of economic cooperation and enhancing the current level of economic ties in line with good political relations between the two countries.

The Algerian minister expressed satisfaction with the current level of regional and international cooperation between the two countries, reports Trend.

Oil, gas and housing are among significant sectors in Algerian economy, he said and invited the Iranian investors to invest in the country.

Agreement on removal of double taxation between Iran and Algeria could help promote investment opportunities by Iranian investors in the country, he said.

The Iranian ambassador, for his part, called for expansion of economic relations between Iran and Algeria as among top priority.

Iran underlines the need to further bolster and broaden economic relations in line with the expansion of political ties between the two sides, he said.

Expansion of banking cooperation and promotion of investment opportunities by Iranian businessmen are among Iran's priorities, he pointed out.